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

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

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 2.59%. The ex-dividend date is Monday, March 30th. This is a positive change from Essex Property Trust's previous quarterly dividend of $1.95. View Essex Property Trust's Dividend History.

Essex Property Trust Inc (NYSE:ESS) issued its earnings results on Wednesday, January, 29th. The real estate investment trust reported $1.95 EPS for the quarter, missing the Zacks' consensus estimate of $3.42 by $1.47. The real estate investment trust earned $375.37 million during the quarter, compared to analysts' expectations of $373.65 million. Essex Property Trust had a return on equity of 6.90% and a net margin of 30.08%. During the same quarter last year, the business posted $3.19 EPS. View Essex Property Trust's Earnings History.

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Essex Property Trust.

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

14 analysts have issued 12 month price targets for Essex Property Trust's stock. Their forecasts range from $295.00 to $355.00. On average, they expect Essex Property Trust's stock price to reach $333.00 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price. View Analyst Price Targets 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.

News coverage about ESS stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -1.5 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Essex Property Trust.

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

Some companies that are related to Essex Property Trust include Equity Residential (EQR), AvalonBay Communities (AVB), Mid-America Apartment Communities (MAA), Sun Communities (SUI), UDR (UDR), Equity Lifestyle Properties (ELS), Camden Property Trust (CPT), Apartment Investment and Management (AIV), American Campus Communities (ACC) and UMH PROPERTIES/SH SH (UMH).

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).

Essex Property Trust's stock is owned by a number of of institutional and retail 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.

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.

ESS stock was purchased 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.

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.

One share of ESS stock can currently be purchased for approximately $321.02.

Essex Property Trust has a market capitalization of $21.24 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.

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

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]