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NYSE:ESSEssex Property Trust Stock Price, Forecast & News

$236.41
+0.98 (+0.42 %)
(As of 05/25/2020 11:37 AM ET)
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Today's Range
$232.83
Now: $236.41
$236.95
50-Day Range
$190.86
MA: $235.97
$260.84
52-Week Range
$175.81
Now: $236.41
$334.17
Volume288,498 shs
Average Volume447,270 shs
Market Capitalization$15.47 billion
P/E Ratio24.57
Dividend Yield3.52%
Beta0.7
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: 3.1Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 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$13.63 per share
Book Value$96.90 per share

Profitability

Net Income$439.29 million

Miscellaneous

Employees1,822
Market Cap$15.47 billion
Next Earnings Date7/22/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ESS stock has decreased by 14.8% and is now trading at $236.41. View which stocks have been most 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, July 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) announced its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported $4.76 EPS for the quarter, topping the Zacks' consensus estimate of $3.40 by $1.36. The real estate investment trust earned $392.37 million during the quarter, compared to analyst estimates of $383.23 million. Essex Property Trust had a net margin of 42.47% and a return on equity of 9.94%. During the same period last year, the business earned $3.23 earnings per share. 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 Thursday, May 14th. Investors of record on Tuesday, June 30th will be given a dividend of $2.0775 per share on Wednesday, July 15th. This represents a $8.31 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Monday, June 29th. View Essex Property Trust's dividend history.

What price target have analysts set for ESS?

15 analysts have issued 1 year price targets for Essex Property Trust's shares. Their forecasts range from $203.00 to $355.00. On average, they anticipate Essex Property Trust's stock price to reach $293.69 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price. View analysts' price targets for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

Media stories about ESS stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Essex Property Trust earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutEssex Property Trust.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 739,000 shares, a drop of 7.9% from the April 30th total of 802,700 shares. Based on an average daily volume of 579,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.1% of the shares of the stock are short sold. 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), Intel (INTC), Mastercard (MA), Boeing (BA), Walt Disney (DIS), Mcdonald's (MCD), Realty Income (O), Johnson & Johnson (JNJ) and Pfizer (PFE).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.49%), State Street Corp (7.77%), Cohen & Steers Inc. (7.33%), Principal Financial Group Inc. (3.50%), Geode Capital Management LLC (2.13%) and JPMorgan Chase & Co. (2.08%). 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 selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Balyasny Asset Management LLC, JPMorgan Chase & Co., Morgan Stanley, Cbre Clarion Securities LLC, Resolution Capital Ltd, BlackRock Inc., and Janus Henderson Group PLC. Company insiders that have sold Essex Property Trust company stock in the last year include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Irving F Lyons III, Janice L Sears, John F Burkart, John Farias, and Michael J Schall. View insider buying and selling activity for Essex Property Trust.

Which institutional investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Two Sigma Advisers LP, Sumitomo Mitsui Trust Holdings Inc., Centersquare Investment Management LLC, Principal Financial Group Inc., Mitsubishi UFJ Trust & Banking Corp, Swiss National Bank, and Legal & General Group Plc. 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 $236.41.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $15.47 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.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is 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 5/25/2020 by MarketBeat.com Staff

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