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

$329.03
+2.92 (+0.90 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$325.99
Now: $329.03
$329.74
50-Day Range
$296.33
MA: $310.31
$326.11
52-Week Range
$271.58
Now: $329.03
$334.17
Volume463,117 shs
Average Volume505,224 shs
Market Capitalization$21.74 billion
P/E Ratio49.33
Dividend Yield2.39%
Beta0.32
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.

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$1.46 billion
Cash Flow$14.09 per share
Book Value$96.90 per share

Profitability

Net Income$439.29 million

Miscellaneous

Employees1,826
Market Cap$21.74 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Friday, February 21st. Stockholders of record on Tuesday, March 31st will be given a dividend of $2.0775 per share on Wednesday, April 15th. This represents a $8.31 annualized dividend and a dividend yield of 2.53%. This is a positive change from Essex Property Trust's previous quarterly dividend of $1.95. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) posted its quarterly earnings data on Wednesday, January, 29th. The real estate investment trust reported $1.95 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.42 by $1.47. The real estate investment trust had revenue of $375.37 million for the quarter, compared to the consensus estimate of $373.65 million. Essex Property Trust had a net margin of 30.08% and a return on equity of 6.90%. During the same quarter in the prior year, the business earned $3.19 earnings per share. 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, April 22nd 2020. View Earnings Estimates for Essex Property Trust.

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

Essex Property Trust updated its FY20 earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of $13.74-$14.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.00.

What price target have analysts set for ESS?

14 brokers have issued 1 year price objectives for Essex Property Trust's shares. Their forecasts range from $295.00 to $355.00. On average, they expect Essex Property Trust's share price to reach $333.00 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price. View Analyst Price Targets for Essex Property Trust.

What is the consensus analysts' recommendation for Essex Property Trust?

14 Wall Street 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

Press coverage about ESS stock has trended very positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Essex Property Trust earned a media sentiment score of 3.1 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Essex Property Trust.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 952,500 shares, a decline of 17.2% from the December 31st total of 1,150,000 shares. Based on an average daily trading volume, of 375,600 shares, the short-interest ratio is presently 2.5 days. Currently, 1.5% of the company's shares are short sold. View Essex Property Trust's Current Options Chain.

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 Cisco Systems (CSCO), AT&T (T), Mcdonald's (MCD), Activision Blizzard (ATVI), Intel (INTC), Boeing (BA), Walt Disney (DIS), Mastercard (MA), Starbucks (SBUX) and Simon Property Group (SPG).

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 number of of retail and institutional investors. Top institutional investors include State Street Corp (7.64%), Cohen & Steers Inc. (6.75%), Principal Financial Group Inc. (3.27%), Daiwa Securities Group Inc. (2.29%), Geode Capital Management LLC (2.11%) and FMR LLC (1.64%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Glenn Olnick, Irving F Lyons III, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall. View Institutional Ownership Trends for Essex Property Trust.

Which major investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Cohen & Steers Inc., Boston Partners, State Street Corp, Daiwa Securities Group Inc., FMR LLC, Renaissance Technologies LLC and Hexavest 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, Craig K Zimmerman, Irving F Lyons III, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall. View Insider Buying and Selling for Essex Property Trust.

Which major investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Johanson Financial Advisors Inc., Amundi Pioneer Asset Management Inc., Geode Capital Management LLC, Echo Street Capital Management LLC, Summit Global Investments, UBS Group AG and Barclays PLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $329.03.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $21.74 billion and generates $1.46 billion in revenue each year. The real estate investment trust earns $439.29 million in net income (profit) each year or $13.38 on an earnings per share basis. Essex Property Trust employs 1,826 workers across the globe.View Additional Information About Essex Property Trust.

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:  2.2 out of 5 (star star)
Outperform Votes:  646 (Vote Outperform)
Underperform Votes:  790 (Vote Underperform)
Total Votes:  1,436
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 2/22/2020 by MarketBeat.com Staff

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