Essex Property Trust - ESS Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 7 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.
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19 brokerages have issued 1 year price targets for Essex Property Trust's stock. Their ESS share price forecasts range from $219.00 to $333.00. On average, they predict the company's share price to reach $275.24 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price.
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Essex Property Trust's stock was trading at $352.23 on January 1st, 2022. Since then, ESS shares have decreased by 40.2% and is now trading at $210.46.
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Essex Property Trust saw a decrease in short interest in November. As of November 15th, there was short interest totaling 1,130,000 shares, a decrease of 11.0% from the October 31st total of 1,270,000 shares. Based on an average daily volume of 531,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.8% of the company's shares are short sold.
View Essex Property Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our ESS earnings forecast.

Essex Property Trust, Inc. (NYSE:ESS) issued its quarterly earnings results 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 in the previous year, the business earned $3.07 earnings per share.
Read the conference call transcript.

Essex Property Trust declared a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be paid a dividend of $2.20 per share on Friday, October 14th. This represents a $8.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for ESS.

Essex Property Trust (NYSE:ESS) pays an annual dividend of $8.80 per share and currently has a dividend yield of 4.14%. 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 28 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 56.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

Essex Property Trust issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $3.67-$3.77 for the period. The company issued revenue guidance of -.

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.

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).

Essex Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESS."

Essex Property Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.58%), BlackRock Inc. (10.53%), State Street Corp (8.52%), Cohen & Steers Inc. (3.46%), Price T Rowe Associates Inc. MD (1.62%) and Dimensional Fund Advisors LP (1.46%). Insiders that own company stock include Adam W Berry, 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.

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.
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One share of ESS stock can currently be purchased for approximately $210.46.

Essex Property Trust (NYSE:ESS) has a market capitalization of $13.63 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 $5.52 on an earnings per share basis.

The company employs 1,757 workers across the globe.

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.