S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:ESS

Essex Property Trust - ESS Stock Forecast, Price & News

$278.75
+0.70 (+0.25%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$275.00
$278.99
50-Day Range
$253.94
$288.69
52-Week Range
$250.62
$363.36
Volume
235,848 shs
Average Volume
419,334 shs
Market Capitalization
$18.15 billion
P/E Ratio
47.17
Dividend Yield
3.16%
Price Target
$312.82

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
12.2% Upside
$312.82 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.01
Upright™ Environmental Score
News Sentiment
0.96mentions of Essex Property Trust in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.12%
From $14.46 to $15.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Finance Sector

220th out of 1,176 stocks

Real Estate Investment Trusts Industry

49th out of 215 stocks

ESS stock logo

About Essex Property Trust (NYSE:ESS) Stock

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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ESS. Credit Suisse Group began coverage on shares of Essex Property Trust in a report on Wednesday, June 22nd. They issued an "underperform" rating and a $247.00 price target on the stock. Stifel Nicolaus dropped their price objective on shares of Essex Property Trust from $390.00 to $352.00 in a report on Thursday, June 9th. Morgan Stanley dropped their price objective on shares of Essex Property Trust from $313.00 to $270.00 and set an "equal weight" rating on the stock in a report on Friday, July 15th. Truist Financial dropped their price objective on shares of Essex Property Trust from $323.00 to $299.00 and set a "buy" rating on the stock in a report on Friday, June 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Essex Property Trust from $316.00 to $235.00 and set a "hold" rating on the stock in a report on Thursday, June 30th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Essex Property Trust currently has a consensus rating of "Hold" and a consensus price target of $312.82.

Essex Property Trust Price Performance

Shares of ESS traded up $0.70 during mid-day trading on Friday, hitting $278.75. 235,848 shares of the company were exchanged, compared to its average volume of 419,334. Essex Property Trust has a 1-year low of $250.62 and a 1-year high of $363.36. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50 day moving average of $269.28 and a 200-day moving average of $306.92. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 47.17, a price-to-earnings-growth ratio of 3.20 and a beta of 0.77.

Essex Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a dividend of $2.20 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $8.80 annualized dividend and a yield of 3.16%. Essex Property Trust's dividend payout ratio is presently 148.90%.

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ESS Stock News Headlines

Essex Property Lowers FY22 EPS Outlook
ESS: Lowering target price to $272.00
Essex Property Trust: Nearly Recovered From COVID
Essex Property Trust declares $2.20 dividend
See More Headlines
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ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/07/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29717810
Employees
1,757
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$312.82
High Stock Price Forecast
$370.00
Low Stock Price Forecast
$235.00
Forecasted Upside/Downside
+12.2%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
18 Analysts

Profitability

Net Income
$488.55 million
Pretax Margin
26.99%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$14.11 per share
Book Value
$92.23 per share

Miscellaneous

Free Float
62,714,000
Market Cap
$18.15 billion
Optionable
Optionable
Beta
0.77

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ESS Stock - Frequently Asked Questions

Should I buy or sell Essex Property Trust stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Essex Property Trust stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESS, but not buy additional shares or sell existing shares.
View analyst ratings for Essex Property Trust
or view top-rated stocks.

What is Essex Property Trust's stock price forecast for 2022?

18 brokerages have issued 1-year target prices for Essex Property Trust's stock. Their ESS stock forecasts range from $235.00 to $370.00. On average, they anticipate Essex Property Trust's share price to reach $312.82 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts' price targets for Essex Property Trust
or view top-rated stocks among Wall Street analysts.

How has Essex Property Trust's stock price performed in 2022?

Essex Property Trust's stock was trading at $352.23 at the beginning of 2022. Since then, ESS stock has decreased by 20.9% and is now trading at $278.75.
View the best growth stocks for 2022 here
.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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 earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 EPS for the quarter, missing the consensus estimate of $3.35 by $2.23. Essex Property Trust had a net margin of 25.43% and a trailing twelve-month return on equity of 5.15%. During the same period in the prior year, the company earned $3.07 earnings per share.
Read Essex Property Trust's conference call transcript
.

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

Essex Property Trust announced a quarterly dividend on Wednesday, May 11th. Stockholders of record on Thursday, June 30th will be paid a dividend of $2.20 per share on Friday, July 15th. This represents a $8.80 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, June 29th.
View Essex Property Trust's dividend history
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust(NYSE:ESS) pays an annual dividend of $8.80 per share and currently has a dividend yield of 3.16%. Essex Property Trust has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Essex Property Trust is 148.90%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Essex Property Trust will have a dividend payout ratio of 56.81% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend.
View Essex Property Trust's dividend history.

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

Essex Property Trust updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $14.35-$14.55 for the period. The company issued revenue guidance of -.

What is Michael Schall's approval rating as Essex Property Trust's CEO?

236 employees have rated Essex Property Trust CEO Michael Schall on Glassdoor.com. Michael Schall has an approval rating of 95% among Essex Property Trust's employees. This puts Michael Schall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Realty Income (O), AbbVie (ABBV), Simon Property Group (SPG), McDonald's (MCD), Crown Castle International (CCI) and 3M (MMM).

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 retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.85%), ProShare Advisors LLC (0.75%), Aew Capital Management L P (0.60%), Russell Investments Group Ltd. (0.42%), Asset Management One Co. Ltd. (0.22%) and Retirement Systems of Alabama (0.21%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Craig K Zimmerman, Irving F Lyons III, Irving F Lyons III, Janice L Sears, John F Burkart, John Farias, Michael J Schall and Thomas E Robinson.
View institutional ownership trends for Essex Property Trust
.

How do I buy shares of Essex Property Trust?

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

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $278.75.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $18.15 billion and generates $1.44 billion in revenue each year. The real estate investment trust earns $488.55 million in net income (profit) each year or $5.91 on an earnings per share basis.

How many employees does Essex Property Trust have?

Essex Property Trust employs 1,757 workers across the globe.

How can I contact Essex Property Trust?

Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The official website for Essex Property Trust is www.essexapartmenthomes.com. The real estate investment trust can be reached via phone at (650) 655-7800, via email at rburns@essex.com, or via fax at 650-494-8743.

This page (NYSE:ESS) was last updated on 8/7/2022 by MarketBeat.com Staff

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