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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple’s Next “Star Product” Could Replace The iPhone? (Ad)pixel
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
NYSE:ESS

Essex Property Trust - ESS Stock Forecast, Price & News

$297.13
+4.38 (+1.50%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$293.70
$297.47
50-Day Range
$253.94
$297.13
52-Week Range
$250.62
$363.36
Volume
232,362 shs
Average Volume
420,973 shs
Market Capitalization
$19.35 billion
P/E Ratio
50.28
Dividend Yield
2.96%
Price Target
$308.41

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
3.8% Upside
$308.41 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.01
Upright™ Environmental Score
News Sentiment
1.06mentions of Essex Property Trust in the last 14 days
Based on 23 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.81%
From $14.47 to $15.60 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Finance Sector

198th out of 926 stocks

Real Estate Investment Trusts Industry

37th out of 195 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.

Essex Property Trust Stock Performance

Shares of NYSE:ESS opened at $297.13 on Friday. 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 market cap of $19.35 billion, a P/E ratio of 50.28, a P/E/G ratio of 3.18 and a beta of 0.77. The firm's fifty day moving average is $269.70 and its two-hundred day moving average is $305.60. Essex Property Trust has a 52-week low of $250.62 and a 52-week high of $363.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ESS shares. Barclays downgraded shares of Essex Property Trust from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $367.00 to $310.00 in a research report on Tuesday, May 10th. Citigroup raised their target price on shares of Essex Property Trust to $295.00 in a report on Tuesday. Evercore ISI set a $333.00 target price on shares of Essex Property Trust in a report on Monday, June 20th. The Goldman Sachs Group upgraded shares of Essex Property Trust from a "sell" rating to a "buy" rating and dropped their target price for the stock from $352.00 to $338.00 in a report on Tuesday, May 17th. Finally, Raymond James restated an "upgrade" rating and issued a $300.00 target price on shares of Essex Property Trust in a report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $308.41.

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ESS Stock News Headlines

These Stocks Cut You a Quarterly Paycheck
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
8/13/2022
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
$308.41
High Stock Price Forecast
$359.00
Low Stock Price Forecast
$235.00
Forecasted Upside/Downside
+3.8%
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
$19.35 billion
Optionable
Optionable
Beta
0.77

Social Links















ESS Stock - Frequently Asked Questions

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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research 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 2022?

18 brokerages have issued 12-month price objectives for Essex Property Trust's stock. Their ESS share price forecasts range from $235.00 to $359.00. On average, they anticipate the company's stock price to reach $308.41 in the next twelve months. This suggests a possible upside of 3.8% 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 2022?

Essex Property Trust's stock was trading at $352.23 on January 1st, 2022. Since then, ESS stock has decreased by 15.6% and is now trading at $297.13.
View the best growth stocks for 2022 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 806,300 shares, a drop of 12.1% from the July 15th total of 917,100 shares. Based on an average daily trading volume, of 484,900 shares, the short-interest ratio is currently 1.7 days. Currently, 1.3% of the shares of the company 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, October 25th 2022.
View our ESS earnings forecast
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) released its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.35 by $2.23. Essex Property Trust had a trailing twelve-month return on equity of 5.15% and a net margin of 25.43%. During the same quarter in the prior year, the company earned $3.07 earnings per share.
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 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 dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, June 29th.
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 3.01%. 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 148.90%. 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 56.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

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

Essex Property Trust issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share 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 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 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 investors include Principal Financial Group Inc. (4.62%), FMR LLC (1.92%), Northern Trust Corp (1.47%), JPMorgan Chase & Co. (1.23%), Sumitomo Mitsui Trust Holdings Inc. (0.85%) and ProShare Advisors LLC (0.75%). Insiders that own company 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
.

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 $297.13.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $19.35 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?

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 8/14/2022 by MarketBeat.com Staff

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