NYSE:ESS Essex Property Trust Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Essex Property Trust Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $213.31 -3.17 (-1.46 %) (As of 09/18/2020 12:50 PM ET) Add Compare Share Today's Range$210.89Now: $213.31▼$215.8550-Day Range$212.51MA: $218.72▼$224.2652-Week Range$175.81Now: $213.31▼$334.17Volume3,498 shsAverage Volume509,287 shsMarket Capitalization$13.91 billionP/E Ratio22.43Dividend Yield3.78%Beta0.6 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 6 buy ratings, 8 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $282.31, Essex Property Trust has a forecasted upside of 32.2% from its current price of $213.54.Amount of Analyst CoverageEssex Property Trust has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesEssex Property Trust has received 659 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEssex Property Trust has received 824 “underperform” votes. (Add your “underperform” vote.)Community SentimentEssex Property Trust has received 55.56% “underperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend YieldEssex Property Trust pays a meaningful dividend of 3.78%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEssex Property Trust has been increasing its dividend for 25 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 62.11%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Essex Property Trust will have a dividend payout ratio of 62.25% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.50% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions94.05% of the stock of Essex Property Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 2.14% in the coming year, from $13.07 to $13.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 22.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 22.45, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.60.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 7.15. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEssex Property Trust has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.1Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.42 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryResidential REITs SectorFinance Current SymbolNYSE:ESS Previous Symbol CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone650-655-7800Debt Debt-to-Equity Ratio0.99 Current Ratio1.83 Quick Ratio1.83Price-To-Earnings Trailing P/E Ratio22.43 Forward P/E Ratio16.32 P/E Growth7.15 Sales & Book Value Annual Sales$1.46 billion Price / Sales9.53 Cash Flow$13.63 per share Price / Cash Flow15.65 Book Value$96.90 per share Price / Book2.20Profitability EPS (Most Recent Fiscal Year)$13.38 Net Income$439.29 million Net Margins41.70% Return on Equity9.81% Return on Assets4.80%Miscellaneous Employees1,822 Outstanding Shares65,210,000Market Cap$13.91 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $213.31 -3.17 (-1.46 %) (As of 09/18/2020 12:50 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive ESS News and Ratings via Email Sign-up to receive the latest news and ratings for ESS and its competitors with MarketBeat's FREE daily newsletter. Essex Property Trust (NYSE:ESS) Frequently Asked Questions How has Essex Property Trust's stock price been impacted by Coronavirus (COVID-19)? Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ESS shares have decreased by 23.2% and is now trading at $213.17. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of 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 2 sell ratings, 8 hold ratings and 6 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, October 28th 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 earnings results on Monday, August, 3rd. The real estate investment trust reported $1.29 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.30 by $2.01. Essex Property Trust had a net margin of 41.70% and a return on equity of 9.81%. During the same period in the previous year, the business posted $3.33 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 Wednesday, September 2nd. Shareholders of record on Wednesday, September 30th will be paid a dividend of $2.0775 per share on Thursday, October 15th. This represents a $8.31 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, September 29th. View Essex Property Trust's dividend history. What price target have analysts set for ESS? 16 brokerages have issued 1 year price objectives for Essex Property Trust's shares. Their forecasts range from $210.00 to $355.00. On average, they expect Essex Property Trust's stock price to reach $282.31 in the next year. This suggests a possible upside of 32.4% from the stock's current price. View analysts' price targets for Essex Property Trust. Are investors shorting Essex Property Trust? Essex Property Trust saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,180,000 shares, an increase of 11.3% from the August 15th total of 1,060,000 shares. Based on an average daily volume of 445,400 shares, the short-interest ratio is presently 2.6 days. Currently, 1.8% of the company's shares are sold short. View Essex Property Trust's Short Interest. Who are some of Essex Property Trust's key competitors? Some companies that are related to Essex Property Trust include AvalonBay Communities (AVB), Equity Residential (EQR), Sun Communities (SUI), Mid-America Apartment Communities (MAA), Equity Lifestyle Properties (ELS), UDR (UDR), Camden Property Trust (CPT), Apartment Investment and Management (AIV), American Campus Communities (ACC) and UMH PROPERTIES/SH SH (UMH). View all 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), Intel (INTC), Cisco Systems (CSCO), Realty Income (O), AbbVie (ABBV), Johnson & Johnson (JNJ), 3M (MMM), Simon Property Group (SPG), CROWN CASTLE IN/SH SH (CCI) 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.21%), Principal Financial Group Inc. (3.32%), FMR LLC (1.22%), Sumitomo Mitsui Trust Holdings Inc. (0.99%), Charles Schwab Investment Management Inc. (0.93%) and California Public Employees Retirement System (0.85%). 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 major investors are selling Essex Property Trust stock? ESS stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Principal Financial Group Inc., Duff & Phelps Investment Management Co., Federated Hermes Inc., and Great West Life Assurance Co. Can. Company insiders that have sold Essex Property Trust company stock in the last year include 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 major investors are buying Essex Property Trust stock? ESS stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Russell Investments Group Ltd., Canada Pension Plan Investment Board, Sumitomo Mitsui Trust Holdings Inc., Lasalle Investment Management Securities LLC, Nordea Investment Management AB, State of Tennessee Treasury Department, and Sei Investments Co.. 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 $213.17. How big of a company is Essex Property Trust? Essex Property Trust has a market capitalization of $13.90 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 9/18/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
