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. The Company currently has ownership interests in 248 apartment communities comprising approximately 60,000 apartment homes, excluding six properties in various stages of active development, one commercial building, preferred equity co-investments, and loan investments.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
Current SymbolNYSE:ESS
Previous Symbol
CUSIP29717810
Phone650-655-7800
Debt
Debt-to-Equity Ratio0.88
Current Ratio1.31
Quick Ratio1.31
Price-To-Earnings
Trailing P/E Ratio22.02
Forward P/E Ratio20.88
P/E Growth3.45
Sales & Book Value
Annual Sales$1.36 billion
Price / Sales12.71
Cash Flow$13.3408 per share
Price / Cash Flow19.66
Book Value$96.87 per share
Price / Book2.71
Profitability
EPS (Most Recent Fiscal Year)$11.91
Net Income$433.05 million
Net Margins27.01%
Return on Equity5.52%
Return on Assets2.84%
Miscellaneous
Employees1,835
Outstanding Shares66,070,000
Market Cap$17.33 billion
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 declared a quarterly dividend on Friday, December 14th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $1.86 per share on Tuesday, January 15th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.84%. 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 Monday, October, 29th. The real estate investment trust reported $1.22 EPS for the quarter, missing the Zacks' consensus estimate of $3.14 by $1.92. The real estate investment trust had revenue of $350.92 million for the quarter, compared to analysts' expectations of $351.58 million. Essex Property Trust had a return on equity of 5.52% and a net margin of 27.01%. During the same quarter in the previous year, the firm posted $2.98 EPS. View Essex Property Trust's Earnings History.
When is Essex Property Trust's next earnings date?
What guidance has Essex Property Trust issued on next quarter's earnings?
Essex Property Trust updated its FY 2018 earnings guidance on Monday, October, 29th. The company provided earnings per share (EPS) guidance of $12.51-12.61 for the period. Essex Property Trust also updated its Q4 guidance to $3.13-3.23 EPS.
What price target have analysts set for ESS?
20 Wall Street analysts have issued 12 month target prices for Essex Property Trust's shares. Their predictions range from $250.00 to $297.00. On average, they expect Essex Property Trust's share price to reach $267.3750 in the next year. This suggests a possible upside of 1.9% from the stock's current price. View Analyst Price Targets for Essex Property Trust.
What is the consensus analysts' recommendation for Essex Property Trust?
20 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 11 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?
Headlines about ESS stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Essex Property Trust earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
Who are some of Essex Property Trust's key competitors?
Some companies that are related to Essex Property Trust include Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), SBA Communications (SBAC), Boston Properties (BXP), Weyerhaeuser (WY) and HCP (HCP).
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 61)
- Ms. Angela L. Kleiman, Exec. VP & CFO (Age 47)
- Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 63)
- Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 67)
- Mr. John F. Burkart, Sr. EVP of Asset Management (Age 54)
Who are Essex Property Trust's major shareholders?
Essex Property Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.89%), Vanguard Group Inc (15.89%), BlackRock Inc. (10.43%), Cohen & Steers Inc. (9.98%), Daiwa Securities Group Inc. (3.17%) and FMR LLC (2.58%). Company insiders that own Essex Property Trust stock include Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Irving F Lyons III, 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 FMR LLC, Barings LLC, AMP Capital Investors Ltd, Deutsche Bank AG, NN Investment Partners Holdings N.V., Morgan Stanley, Mitsubishi UFJ Trust & Banking Corp and Adelante Capital Management LLC. Company insiders that have sold Essex Property Trust company stock in the last year include Angela L Kleiman, Gary P Martin, Glenn Olnick, 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 Cohen & Steers Inc., Daiwa Securities Group Inc., JPMorgan Chase & Co., Canada Pension Plan Investment Board, Nordea Investment Management AB, BlackRock Inc., Teachers Advisors LLC and TIAA CREF Investment Management LLC. 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 $262.28.
How big of a company is Essex Property Trust?
Essex Property Trust has a market capitalization of $17.33 billion and generates $1.36 billion in revenue each year. The real estate investment trust earns $433.05 million in net income (profit) each year or $11.91 on an earnings per share basis. Essex Property Trust employs 1,835 workers across the globe.
What is Essex Property Trust's official website?
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)
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.
