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NYSE:ESSEssex Property Trust Stock Price, Forecast & News

$212.61
+21.75 (+11.40 %)
(As of 04/7/2020 02:30 AM ET)
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Today's Range
$201.20
Now: $212.61
$214.85
50-Day Range
$182.23
MA: $263.46
$329.03
52-Week Range
$175.81
Now: $212.61
$334.17
Volume555,100 shs
Average Volume584,077 shs
Market Capitalization$14.07 billion
P/E Ratio31.88
Dividend Yield4.35%
Beta0.67
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.59 out of 5 stars


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$1.46 billion
Cash Flow$15.18 per share
Book Value$96.90 per share

Profitability

Net Income$439.29 million

Miscellaneous

Employees1,822
Market Cap$14.07 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

How has Essex Property Trust's stock been impacted by COVID-19 (Coronavirus)?

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ESS shares have decreased by 23.4% and is now trading at $212.61. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Essex Property Trust?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Essex Property Trust.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Essex Property Trust.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) posted its quarterly earnings results on Wednesday, January, 29th. The real estate investment trust reported $1.95 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.42 by $1.47. The real estate investment trust earned $375.37 million during the quarter, compared to analyst estimates of $373.65 million. Essex Property Trust had a return on equity of 6.90% and a net margin of 30.08%. During the same period in the prior year, the business posted $3.19 EPS. View Essex Property Trust's earnings history.

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, February 21st. Investors of record on Tuesday, March 31st will be given a dividend of $2.0775 per share on Wednesday, April 15th. This represents a $8.31 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from Essex Property Trust's previous quarterly dividend of $1.95. View Essex Property Trust's dividend history.

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

Essex Property Trust issued an update on its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $13.74-$14.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.00.

What price target have analysts set for ESS?

15 Wall Street analysts have issued 1-year price targets for Essex Property Trust's stock. Their forecasts range from $203.00 to $355.00. On average, they anticipate Essex Property Trust's stock price to reach $307.15 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price. View analysts' price targets for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

Headlines about ESS stock have been trending very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Essex Property Trust earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutEssex Property Trust.

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 Cisco Systems (CSCO), Mastercard (MA), AT&T (T), Intel (INTC), Boeing (BA), Pfizer (PFE), Visa (V), Walt Disney (DIS), Johnson & Johnson (JNJ) and Mcdonald's (MCD).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the following 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)

What is Essex Property Trust's stock symbol?

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

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Timbercreek Investment Management Inc. (0.13%), State of Alaska Department of Revenue (0.09%), Pensionfund DSM Netherlands (0.02%) and Pensionfund Sabic (0.01%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Irving F Lyons III, 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 buying Essex Property Trust stock?

ESS stock was bought by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., Pensionfund Sabic, State of Alaska Department of Revenue, and Pensionfund DSM Netherlands. View insider buying and selling activity 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 $212.61.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $14.07 billion and generates $1.46 billion in revenue each year. The real estate investment trust earns $439.29 million in net income (profit) each year or $13.38 on an earnings per share basis. Essex Property Trust employs 1,822 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]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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