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Essex Property Trust Stock Price, Forecast & Analysis (NYSE:ESS)

$312.21
-3.04 (-0.96 %)
(As of 11/22/2019 12:45 PM ET)
Today's Range
$310.00
Now: $312.22
$316.06
50-Day Range
$312.02
MA: $324.09
$333.26
52-Week Range
$235.51
Now: $312.22
$334.17
Volume139,921 shs
Average Volume372,404 shs
Market Capitalization$20.63 billion
P/E Ratio24.84
Dividend Yield2.42%
Beta0.3
Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 245 apartment communities with an additional 6 properties in various stages of active development.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29717810
Phone650-655-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.40 billion
Cash Flow$12.45 per share
Book Value$97.08 per share

Profitability

Net Income$390.15 million

Miscellaneous

Employees1,826
Market Cap$20.63 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

What is Essex Property Trust's stock symbol?

Essex Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESS."

How often does Essex Property Trust pay dividends? What is the dividend yield for Essex Property Trust?

Essex Property Trust declared a quarterly dividend on Friday, September 6th. Investors of record on Monday, September 30th will be given a dividend of $1.95 per share on Tuesday, October 15th. This represents a $7.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, September 27th. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) released its earnings results on Wednesday, October, 23rd. The real estate investment trust reported $1.53 earnings per share for the quarter, missing the consensus estimate of $3.36 by $1.83. The real estate investment trust earned $366.93 million during the quarter, compared to the consensus estimate of $365.49 million. Essex Property Trust had a net margin of 29.78% and a return on equity of 6.73%. During the same period in the previous year, the firm earned $3.15 EPS. View Essex Property Trust's Earnings History.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Essex Property Trust.

What guidance has Essex Property Trust issued on next quarter's earnings?

Essex Property Trust issued an update on its FY19 earnings guidance on Wednesday, October, 23rd. The company provided earnings per share guidance of $13.28-13.38 for the period, compared to the Thomson Reuters consensus estimate of $13.34.

What price target have analysts set for ESS?

16 equities research analysts have issued 12 month price objectives for Essex Property Trust's stock. Their forecasts range from $255.60 to $355.00. On average, they expect Essex Property Trust's stock price to reach $328.54 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for Essex Property Trust.

What is the consensus analysts' recommendation for Essex Property Trust?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

Headlines about ESS stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Essex Property Trust earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Essex Property Trust.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest in October. As of October 31st, there was short interest totalling 1,250,000 shares, an increase of 8.7% from the September 30th total of 1,150,000 shares. Based on an average trading volume of 318,800 shares, the short-interest ratio is presently 3.9 days. Approximately 1.9% of the shares of the company are sold short. View Essex Property Trust's Current Options Chain.

Who are some of Essex Property Trust's key competitors?

What other stocks do shareholders of Essex Property Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Essex Property Trust investors own include AT&T (T), Cisco Systems (CSCO), Boeing (BA), Walt Disney (DIS), Mastercard (MA), Mcdonald's (MCD), Activision Blizzard (ATVI), Intel (INTC), Paypal (PYPL) and Realty Income (O).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the folowing people:
  • Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 62)
  • Ms. Angela L. Kleiman, Exec. VP & CFO (Age 48)
  • Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 64)
  • Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 68)
  • Mr. John F. Burkart, Sr. EVP of Asset Management (Age 55)

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Daiwa Securities Group Inc. (2.60%), California Public Employees Retirement System (0.84%), Resolution Capital Ltd (0.76%), Russell Investments Group Ltd. (0.59%), Sumitomo Mitsui Trust Holdings Inc. (0.50%) and State of New Jersey Common Pension Fund D (0.27%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall. View Institutional Ownership Trends for Essex Property Trust.

Which institutional investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Duff & Phelps Investment Management Co., First Trust Advisors LP, State of Tennessee Treasury Department, Nippon Life Global Investors Americas Inc., Strs Ohio, Rhumbline Advisers and Hexavest Inc.. Company insiders that have sold Essex Property Trust company stock in the last year include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall. View Insider Buying and Selling for Essex Property Trust.

Which institutional investors are buying Essex Property Trust stock?

ESS stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., California Public Employees Retirement System, Resolution Capital Ltd, State of New Jersey Common Pension Fund D, Sumitomo Mitsui Trust Holdings Inc., Railway Pension Investments Ltd, Northpointe Capital LLC and Nisa Investment Advisors LLC. View Insider Buying and Selling for Essex Property Trust.

How do I buy shares of Essex Property Trust?

Shares of ESS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $311.87.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $20.61 billion and generates $1.40 billion in revenue each year. The real estate investment trust earns $390.15 million in net income (profit) each year or $12.57 on an earnings per share basis. Essex Property Trust employs 1,826 workers across the globe.View Additional Information About Essex Property Trust.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is http://www.essexapartmenthomes.com/.

How can I contact Essex Property Trust?

Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The real estate investment trust can be reached via phone at 650-655-7800 or via email at [email protected]


MarketBeat Community Rating for Essex Property Trust (NYSE ESS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  629 (Vote Outperform)
Underperform Votes:  749 (Vote Underperform)
Total Votes:  1,378
MarketBeat's community ratings are surveys of what our community members think about Essex Property Trust and other stocks. Vote "Outperform" if you believe ESS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ESS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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