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. The Company currently has ownership interests in 248 apartment communities comprising approximately 60,000 apartment homes, excluding six properties in various stages of active development, one commercial building, preferred equity co-investments, and loan investments.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
Phone650-655-7800
Debt
Current Ratio1.31
Quick Ratio1.31
Price-To-Earnings
Sales & Book Value
Annual Sales$1.36 billion
Price / Sales12.24
Price / Cash Flow18.70
Price / Book2.61
Profitability
Net Income$433.05 million
Net Margins27.01%
Return on Assets2.84%
Miscellaneous
Employees1,835
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 announced a quarterly dividend on Friday, December 14th. Investors of record on Wednesday, January 2nd will be given a dividend of $1.86 per share on Tuesday, January 15th. This represents a $7.44 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Monday, December 31st. View Essex Property Trust's Dividend History.
How were Essex Property Trust's earnings last quarter?
Essex Property Trust Inc (NYSE:ESS) issued its quarterly earnings data on Monday, October, 29th. The real estate investment trust reported $1.22 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.14 by $1.92. The real estate investment trust had revenue of $350.92 million for the quarter, compared to the consensus estimate of $351.58 million. Essex Property Trust had a return on equity of 5.52% and a net margin of 27.01%. During the same period in the previous year, the company earned $2.98 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 FY 2018 earnings guidance on Monday, October, 29th. The company provided EPS guidance of $12.51-12.61 for the period. Essex Property Trust also updated its Q4 guidance to $3.13-3.23 EPS.
What price target have analysts set for ESS?
20 brokers have issued 1 year price objectives for Essex Property Trust's stock. Their predictions range from $250.00 to $297.00. On average, they expect Essex Property Trust's share price to reach $268.5647 in the next year. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for Essex Property Trust.
What is the consensus analysts' recommendation for Essex Property Trust?
20 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 11 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?
Media coverage about ESS stock has been trending negative recently, according to InfoTrie. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news 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 media sentiment score of -2.5 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the immediate future.
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), Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY) and HCP (HCP).
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 a variety of of retail and institutional investors. Top institutional shareholders include Resolution Capital Ltd (0.78%), Timbercreek Investment Management Inc. (0.06%), State of Alaska Department of Revenue (0.06%), Hill Winds Capital LP (0.03%), Gulf International Bank UK Ltd (0.02%) and Moody National Bank Trust Division (0.01%). Company insiders that own Essex Property Trust stock include Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Irving F Lyons III, Janice L Sears, John D Eudy, John F Burkart 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 Resolution Capital Ltd, Gulf International Bank UK Ltd and Louisiana State Employees Retirement System. Company insiders that have sold Essex Property Trust company stock in the last year include Angela L Kleiman, Gary P Martin, Glenn Olnick, John D Eudy, John F Burkart and Michael J Schall. View Insider Buying and Selling 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 Hill Winds Capital LP, Fox Run Management L.L.C., State of Alaska Department of Revenue, Pennsylvania Trust Co, First Hawaiian Bank, Timbercreek Investment Management Inc., Gateway Investment Advisers LLC and Moody National Bank Trust Division. 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 $252.60.
How big of a company is Essex Property Trust?
Essex Property Trust has a market capitalization of $16.48 billion and generates $1.36 billion in revenue each year. The real estate investment trust earns $433.05 million in net income (profit) each year or $11.91 on an earnings per share basis. Essex Property Trust employs 1,835 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.
