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
Phone650-655-7800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.40 billion
Profitability
Miscellaneous
Employees1,826
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable
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 Thursday, May 16th. Investors of record on Friday, June 28th will be paid a dividend of $1.95 per share on Friday, July 12th. This represents a $7.80 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, June 27th. View Essex Property Trust's Dividend History.
How were Essex Property Trust's earnings last quarter?
Essex Property Trust Inc (NYSE:ESS) posted its quarterly earnings results on Wednesday, April, 24th. The real estate investment trust reported $3.23 EPS for the quarter, beating the Zacks' consensus estimate of $3.19 by $0.04. The real estate investment trust had revenue of $356.22 million for the quarter, compared to analyst estimates of $353.55 million. Essex Property Trust had a return on equity of 6.50% and a net margin of 29.67%. During the same quarter in the previous year, the firm posted $3.09 EPS. View Essex Property Trust's Earnings History.
When is Essex Property Trust's next earnings date?
What guidance has Essex Property Trust issued on next quarter's earnings?
Essex Property Trust updated its FY19 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of $12.90-13.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $13.09. Essex Property Trust also updated its FY 2019 guidance to $12.90-13.25 EPS.
What price target have analysts set for ESS?
19 analysts have issued 12 month price objectives for Essex Property Trust's shares. Their predictions range from $255.00 to $310.00. On average, they expect Essex Property Trust's share price to reach $279.90 in the next twelve months. This suggests that the stock has a possible downside of 1.5%. View Analyst Price Targets for Essex Property Trust.
What is the consensus analysts' recommendation for Essex Property Trust?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 9 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?
News articles about ESS stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Essex Property Trust earned a news impact score of -1.6 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an effect on the company's share price in the next few days.
Who are some of Essex Property Trust's key competitors?
Some companies that are related to Essex Property Trust include Simon Property Group (SPG), CROWN CASTLE IN/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), SBA Communications (SBAC), Ventas (VTR), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY) and Alexandria Real Estate Equities (ARE).
What other stocks do shareholders of Essex Property Trust own?
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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.50%), FMR LLC (3.51%), Principal Financial Group Inc. (3.04%), Daiwa Securities Group Inc. (2.72%), Geode Capital Management LLC (1.74%) and Northern Trust Corp (1.71%). Company insiders that own Essex Property Trust stock include Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Janice L Sears, John D Eudy, John F Burkart and Michael J Schall. View Institutional Ownership Trends for Essex Property Trust.
Which major investors are selling Essex Property Trust stock?
ESS stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, BlackRock Inc., Resolution Capital Ltd, State of Tennessee Treasury Department, PGGM Investments, Teachers Insurance & Annuity Association of America, Sumitomo Mitsui Trust Holdings Inc. and Pacific Heights Asset Management LLC. Company insiders that have sold Essex Property Trust company stock in the last year include Angela L Kleiman, Byron A Scordelis, Janice L Sears, John D Eudy, John F Burkart and Michael J Schall. View Insider Buying and Selling for Essex Property Trust.
Which major investors are buying Essex Property Trust stock?
ESS stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Lido Advisors LLC, Hexavest Inc., California Public Employees Retirement System, Janus Henderson Group PLC, Geode Capital Management LLC, Morgan Stanley and SEI Investments Co. 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, Scottrade, Fidelity and Charles Schwab.
What is Essex Property Trust's stock price today?
One share of ESS stock can currently be purchased for approximately $284.05.
How big of a company is Essex Property Trust?
Essex Property Trust has a market capitalization of $18.66 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.
What is Essex Property Trust's official website?
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)
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.
