NYSE:ESS - Essex Property Trust Stock Price, News, & Analysis

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$287.94 +1.26 (+0.44 %)
(As of 05/22/2019 04:00 PM ET)
Previous Close$286.68
Today's Range$285.24 - $288.77
52-Week Range$227.05 - $294.61
Volume127,751 shs
Average Volume292,599 shs
Market Capitalization$18.91 billion
P/E Ratio22.91
Dividend Yield2.72%
Beta0.45
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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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$1.40 billion
Cash Flow$12.9469 per share
Book Value$96.17 per share

Profitability

Net Income$390.15 million

Miscellaneous

Employees1,826
Market Cap$18.91 billion
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 announced a quarterly dividend on Thursday, May 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.71%. 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) released its earnings results on Wednesday, April, 24th. The real estate investment trust reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.04. The real estate investment trust had revenue of $356.22 million for the quarter, compared to analysts' expectations of $353.55 million. Essex Property Trust had a net margin of 29.67% and a return on equity of 6.50%. During the same period in the prior year, the business posted $3.09 EPS. View Essex Property Trust's Earnings History.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Essex Property Trust.

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 earnings per share (EPS) guidance of $12.90-13.25 for the period, compared to the Thomson Reuters consensus EPS 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 1 year price targets for Essex Property Trust's stock. Their forecasts range from $255.00 to $310.00. On average, they anticipate Essex Property Trust's stock price to reach $279.90 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. 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 stories about ESS stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Essex Property Trust earned a coverage optimism score of 1.7 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the stock's share price in the near term.

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 Mcdonald's (MCD), Welltower (WELL), Netflix (NFLX), Mastercard (MA), Visa (V), Cisco Systems (CSCO), Gilead Sciences (GILD), Paypal (PYPL), Boeing (BA) and Walt Disney (DIS).

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 institutional and retail investors. Top institutional investors 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 institutional 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 institutional investors are buying Essex Property Trust stock?

ESS stock was purchased 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 $287.94.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $18.91 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?

The official website for Essex Property Trust is http://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]


MarketBeat Community Rating for Essex Property Trust (NYSE ESS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  594 (Vote Outperform)
Underperform Votes:  692 (Vote Underperform)
Total Votes:  1,286
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.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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