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NYSE:ESS

Essex Property Trust Stock Forecast, Price & News

$344.95
+2.58 (+0.75%)
(As of 12/7/2021 04:00 PM ET)
Add
Compare
Today's Range
$342.61
$347.44
50-Day Range
$319.74
$357.25
52-Week Range
$226.79
$357.90
Volume
318,081 shs
Average Volume
346,175 shs
Market Capitalization
$22.45 billion
P/E Ratio
50.14
Dividend Yield
2.44%
Beta
0.73
30 days | 90 days | 365 days | Advanced Chart
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Essex Property Trust logo

About Essex Property Trust

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.

Headlines

Essex Property Trust (NYSE:ESS) Now Covered by Stifel Nicolaus
December 7, 2021 |  americanbankingnews.com
Essex Property Trust (NYSE:ESS) Sets New 12-Month High at $353.74
November 24, 2021 |  americanbankingnews.com
Essex pitches 445 apartments in South San Francisco
November 15, 2021 |  bizjournals.com
Essex Property Trust (NYSE:ESS) Sets New 1-Year High at $348.30
November 15, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29717810
Employees
1,799
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.50 billion
Cash Flow
$16.79 per share
Book Value
$94.21 per share

Profitability

Net Income
$568.87 million
Pretax Margin
33.07%

Debt

Price-To-Earnings

Miscellaneous

Free Float
62,615,000
Market Cap
$22.45 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/29/2021
Dividend Payable
10/15/2021
Last Earnings
10/26/2021
Today
12/07/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/03/2022

Social Links


MarketRank

Overall MarketRank

2.70 out of 5 stars

Finance Sector

184th out of 1,342 stocks

Real Estate Investment Trusts Industry

30th out of 223 stocks

Analyst Opinion: 2.3Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Essex Property Trust (NYSE:ESS) Frequently Asked Questions

Is Essex Property Trust a buy right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Essex Property Trust stock.
View analyst ratings for Essex Property Trust
or view top-rated stocks.

How has Essex Property Trust's stock price been impacted by Coronavirus?

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ESS shares have increased by 24.3% and is now trading at $344.95.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest in October. As of October 29th, there was short interest totaling 1,170,000 shares, an increase of 17.9% from the October 14th total of 992,300 shares. Based on an average daily trading volume, of 258,400 shares, the days-to-cover ratio is presently 4.5 days. Approximately 1.8% of the company's stock are short sold.
View Essex Property Trust's Short Interest
.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Thursday, February 3rd 2022.
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 quarterly earnings results on Tuesday, October, 26th. The real estate investment trust reported $1.82 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.10 by $1.28. The real estate investment trust had revenue of $360.62 million for the quarter, compared to the consensus estimate of $357.54 million. Essex Property Trust had a trailing twelve-month return on equity of 7.08% and a net margin of 31.27%. The business's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $3.15 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 announced a quarterly dividend on Friday, September 10th. Shareholders of record on Thursday, September 30th will be paid a dividend of $2.09 per share on Friday, October 15th. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, September 29th.
View Essex Property Trust's dividend history
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust pays an annual dividend of $8.36 per share and currently has a dividend yield of 2.44%. Essex Property Trust has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Essex Property Trust is 121.51%. 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 60.36% 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 issued an update on its fourth quarter 2021 earnings guidance on Tuesday, November, 2nd. The company provided earnings per share (EPS) guidance of $3.150-$3.250 for the period. The company issued revenue guidance of -.

What price target have analysts set for ESS?

17 Wall Street analysts have issued 12 month target prices for Essex Property Trust's stock. Their forecasts range from $250.00 to $390.00. On average, they expect Essex Property Trust's share price to reach $346.50 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
View analysts' price targets for Essex Property Trust
or view top-rated stocks among Wall Street analysts.

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the following people:
  • Michael J. Schall, President, Chief Executive Officer & Director
  • Angela L. Kleiman, Chief Operating Officer & Senior Executive VP
  • Barb M. Pak, Chief Financial Officer & Executive Vice President
  • Patrick E. Klein, Chief Technology Officer & Executive VP
  • Anne Morrison, Senior Vice President & General Counsel

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.90%), Cohen & Steers Inc. (8.50%), Principal Financial Group Inc. (4.31%), Geode Capital Management LLC (2.11%), Daiwa Securities Group Inc. (1.77%) and Dimensional Fund Advisors LP (1.59%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Irving F Lyons III, John F Burkart, John Farias, Michael J Schall and Thomas E Robinson.
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 Mitsubishi UFJ Trust & Banking Corp, Daiwa Securities Group Inc., BNP Paribas Arbitrage SA, Credit Suisse AG, BlackRock Inc., Waterfront Capital Partners LLC, Deutsche Bank AG, and Citigroup Inc.. Company insiders that have sold Essex Property Trust company stock in the last year include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Irving F Lyons III, John Farias, Michael J Schall, and Thomas E Robinson.
View insider buying and selling activity for Essex Property Trust
or view top insider-selling stocks.

Which institutional investors are buying Essex Property Trust stock?

ESS stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Millennium Management LLC, Cbre Investment Management Listed Real Assets LLC, Strs Ohio, Retirement Systems of Alabama, Schonfeld Strategic Advisors LLC, Moors & Cabot Inc., and Bank of New York Mellon Corp.
View insider buying and selling activity for Essex Property Trust
or or view top insider-buying stocks.

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 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 $344.95.

How much money does Essex Property Trust make?

Essex Property Trust has a market capitalization of $22.45 billion and generates $1.50 billion in revenue each year. The real estate investment trust earns $568.87 million in net income (profit) each year or $6.88 on an earnings per share basis.

How many employees does Essex Property Trust have?

Essex Property Trust employs 1,799 workers across the globe.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is www.essexapartmenthomes.com.

Where are Essex Property Trust's headquarters?

Essex Property Trust is headquartered at 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403.

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, via email at [email protected], or via fax at 650-494-8743.


This page was last updated on 12/7/2021 by MarketBeat.com Staff

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