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NYSE:ESS

Essex Property Trust - ESS Stock Forecast, Price & News

$232.89
+5.68 (+2.50%)
(As of 02/2/2023 10:03 AM ET)
Add
Compare
Today's Range
$230.00
$232.89
50-Day Range
$205.88
$226.07
52-Week Range
$205.24
$363.36
Volume
19,231 shs
Average Volume
495,961 shs
Market Capitalization
$15.08 billion
P/E Ratio
42.19
Dividend Yield
3.89%
Price Target
$254.85

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
9.3% Upside
$254.85 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.41
Upright™ Environmental Score
News Sentiment
1.22mentions of Essex Property Trust in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$109,220 Bought Last Quarter
Proj. Earnings Growth
4.97%
From $14.48 to $15.20 Per Share

Overall MarketRank

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

2.71 out of 5 stars

Finance Sector

39th out of 879 stocks

Real Estate Investment Trusts Industry

7th out of 190 stocks


ESS stock logo

About Essex Property Trust (NYSE:ESS) Stock

Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

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ESS Stock News Headlines

Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Essex Property's 4.1% Dividend Yield Is Top Value
Essex Property Trust (NYSE:ESS) Upgraded at StockNews.com
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Essex Property: Derailed By The Fed's Rampage
1 Top Multifamily Real Estate Stock to Buy in January
ESS: Lowering target price to $228.00
Essex Reports Characteristics of 2022 Dividends
5 Must-Buy REITs for Your January Buy List
Essex Property Trust Stock (NYSE:ESS), Dividends
Essex Property Stock Hits New 52-Week High (ESS)
Essex Property: A Sweet 4.1% Yielding Dividend Aristocrat
See More Headlines
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ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 1/13 Dividend
12/30/2022
Dividend Payable
1/13/2023
Today
2/02/2023
Next Earnings (Confirmed)
2/07/2023
Fiscal Year End
12/31/2023

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
$254.85
High Stock Price Forecast
$320.00
Low Stock Price Forecast
$211.00
Forecasted Upside/Downside
+9.4%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
20 Analysts

Profitability

Net Income
$488.55 million
Pretax Margin
24.49%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$14.54 per share
Book Value
$94.89 per share

Miscellaneous

Free Float
62,358,000
Market Cap
$15.08 billion
Optionable
Optionable
Beta
0.75

Social Links


Key Executives

  • Michael J. SchallMichael J. Schall
    President, Chief Executive Officer & Director
  • Angela L. KleimanAngela L. Kleiman
    Chief Operating Officer, Director & Executive VP
  • Barb M. Pak
    Chief Financial Officer & Executive Vice President
  • Adam W. BerryAdam W. Berry
    Chief Investment Officer & Executive VP
  • Anne Morrison
    Secretary, Senior Vice President & General Counsel













ESS Stock - Frequently Asked Questions

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESS shares. 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 ESS analyst ratings
or view top-rated stocks.

What is Essex Property Trust's stock price forecast for 2023?

20 brokers have issued 12 month price objectives for Essex Property Trust's stock. Their ESS share price forecasts range from $211.00 to $320.00. On average, they expect the company's share price to reach $254.85 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for ESS
or view top-rated stocks among Wall Street analysts.

How have ESS shares performed in 2023?

Essex Property Trust's stock was trading at $211.92 on January 1st, 2023. Since then, ESS shares have increased by 7.2% and is now trading at $227.21.
View the best growth stocks for 2023 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest in January. As of January 15th, there was short interest totaling 704,300 shares, an increase of 26.7% from the December 31st total of 556,000 shares. Based on an average trading volume of 559,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.1% of the company's stock are short sold.
View Essex Property Trust's Short Interest
.

When is Essex Property Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our ESS earnings forecast
.

How can I listen to Essex Property Trust's earnings call?

Essex Property Trust will be holding an earnings conference call on Wednesday, February 8th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13735125".

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) issued its quarterly earnings data 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 trailing twelve-month return on equity of 4.78% and a net margin of 23.03%. During the same quarter last year, the company posted $3.07 EPS.
Read the 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 Friday, December 9th. Investors of record on Tuesday, January 3rd will be given a dividend of $2.20 per share on Friday, January 13th. This represents a $8.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, December 30th.
Read our dividend analysis for ESS
.

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 4.01%. ESS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 159.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ESS will have a dividend payout ratio of 57.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

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

236 employees have rated Essex Property Trust Chief Executive Officer Michael Schall on Glassdoor.com. Michael Schall has an approval rating of 95% among the company'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 (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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.98%), Lasalle Investment Management Securities LLC (0.76%), Strs Ohio (0.16%), New York State Common Retirement Fund (0.13%), Bank of Montreal Can (0.12%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Adam W Berry, Amal M Johnson, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, Irving F Lyons III, John F Burkart, John Farias, Michael J Schall and Thomas E Robinson.
View institutional ownership trends
.

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 $227.21.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $14.71 billion and generates $1.56 billion in revenue each year. The real estate investment trust earns $488.55 million in net income (profit) each year or $5.52 on an earnings per share basis.

How many employees does Essex Property Trust have?

The company 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 the company 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 2/2/2023 by MarketBeat.com Staff