S&P 500   4,202.09 (-0.08%)
DOW   32,970.07 (-0.37%)
QQQ   349.61 (+0.35%)
AAPL   177.06 (+0.93%)
MSFT   331.38 (-0.45%)
META   263.28 (+0.47%)
GOOGL   123.15 (-1.17%)
AMZN   121.18 (+0.89%)
TSLA   198.73 (+2.88%)
NVDA   400.69 (+2.88%)
NIO   7.38 (-4.16%)
BABA   78.31 (-3.29%)
AMD   125.72 (-1.03%)
T   15.62 (+0.77%)
F   12.62 (+4.38%)
MU   72.32 (-2.18%)
CGC   0.87 (-1.01%)
GE   102.08 (-0.64%)
DIS   87.26 (-1.17%)
AMC   4.59 (-1.08%)
PFE   37.00 (-1.60%)
PYPL   61.38 (+1.93%)
NFLX   392.00 (+3.46%)
S&P 500   4,202.09 (-0.08%)
DOW   32,970.07 (-0.37%)
QQQ   349.61 (+0.35%)
AAPL   177.06 (+0.93%)
MSFT   331.38 (-0.45%)
META   263.28 (+0.47%)
GOOGL   123.15 (-1.17%)
AMZN   121.18 (+0.89%)
TSLA   198.73 (+2.88%)
NVDA   400.69 (+2.88%)
NIO   7.38 (-4.16%)
BABA   78.31 (-3.29%)
AMD   125.72 (-1.03%)
T   15.62 (+0.77%)
F   12.62 (+4.38%)
MU   72.32 (-2.18%)
CGC   0.87 (-1.01%)
GE   102.08 (-0.64%)
DIS   87.26 (-1.17%)
AMC   4.59 (-1.08%)
PFE   37.00 (-1.60%)
PYPL   61.38 (+1.93%)
NFLX   392.00 (+3.46%)
S&P 500   4,202.09 (-0.08%)
DOW   32,970.07 (-0.37%)
QQQ   349.61 (+0.35%)
AAPL   177.06 (+0.93%)
MSFT   331.38 (-0.45%)
META   263.28 (+0.47%)
GOOGL   123.15 (-1.17%)
AMZN   121.18 (+0.89%)
TSLA   198.73 (+2.88%)
NVDA   400.69 (+2.88%)
NIO   7.38 (-4.16%)
BABA   78.31 (-3.29%)
AMD   125.72 (-1.03%)
T   15.62 (+0.77%)
F   12.62 (+4.38%)
MU   72.32 (-2.18%)
CGC   0.87 (-1.01%)
GE   102.08 (-0.64%)
DIS   87.26 (-1.17%)
AMC   4.59 (-1.08%)
PFE   37.00 (-1.60%)
PYPL   61.38 (+1.93%)
NFLX   392.00 (+3.46%)
S&P 500   4,202.09 (-0.08%)
DOW   32,970.07 (-0.37%)
QQQ   349.61 (+0.35%)
AAPL   177.06 (+0.93%)
MSFT   331.38 (-0.45%)
META   263.28 (+0.47%)
GOOGL   123.15 (-1.17%)
AMZN   121.18 (+0.89%)
TSLA   198.73 (+2.88%)
NVDA   400.69 (+2.88%)
NIO   7.38 (-4.16%)
BABA   78.31 (-3.29%)
AMD   125.72 (-1.03%)
T   15.62 (+0.77%)
F   12.62 (+4.38%)
MU   72.32 (-2.18%)
CGC   0.87 (-1.01%)
GE   102.08 (-0.64%)
DIS   87.26 (-1.17%)
AMC   4.59 (-1.08%)
PFE   37.00 (-1.60%)
PYPL   61.38 (+1.93%)
NFLX   392.00 (+3.46%)

Essex Property Trust (ESS) Stock Forecast, Price & News

$213.56
+3.18 (+1.51%)
(As of 01:39 PM ET)
Compare
Today's Range
$211.07
$215.72
50-Day Range
$196.17
$220.66
52-Week Range
$195.03
$300.33
Volume
195,810 shs
Average Volume
466,922 shs
Market Capitalization
$13.71 billion
P/E Ratio
28.32
Dividend Yield
4.33%
Price Target
$245.18

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
14.9% Upside
$245.18 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
1.46mentions of Essex Property Trust in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.96%
From $14.84 to $15.28 Per Share

Overall MarketRank

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

2.87 out of 5 stars

Finance Sector

203rd out of 905 stocks

Real Estate Investment Trusts Industry

26th out of 190 stocks


ESS stock logo

About Essex Property Trust (NYSE:ESS) Stock

Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.

Receive ESS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Essex Property Trust and its competitors with MarketBeat's FREE daily newsletter.

ESS Stock News Headlines

Realty Income Trades At Decade Low Valuations, Worth The Yield? (ESS)
Realty Income is trading at decade low valuations, with management increasing investment budgets at these cap rates investors may see new highs in the stock
Simon Property Group Could Be a High Yield Savings Account (ESS)
Simon Property Group is giving investors the best of both worlds, as its market value seems undervalued while the stock pays one of its highest dividend yields
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
Essex Property Trust (NYSE:ESS) PT Lowered to $245.00
See More Headlines
Receive ESS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Essex Property Trust and its competitors with MarketBeat's FREE daily newsletter.

ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Today
5/30/2023
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29717810
Employees
1,772
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$245.18
High Stock Price Forecast
$300.00
Low Stock Price Forecast
$200.00
Forecasted Upside/Downside
+16.5%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
22 Analysts

Profitability

Net Income
$408.32 million
Pretax Margin
31.53%

Debt

Sales & Book Value

Annual Sales
$1.61 billion
Cash Flow
$14.74 per share
Book Value
$91.04 per share

Miscellaneous

Free Float
61,807,000
Market Cap
$13.50 billion
Optionable
Optionable
Beta
0.75

Social Links


Key Executives

  • Angela L. KleimanAngela L. Kleiman
    President, CEO, COO, Director & Senior EVP
  • Barb M. Pak
    Chief Financial Officer & Executive Vice President
  • Anne Morrison
    Secretary, Chief Compliance Officer & Senior VP
  • Adam W. BerryAdam W. Berry
    Chief Investment Officer & Executive VP
  • John T. FariasJohn T. Farias
    Chief Accounting Officer & Senior Vice President













ESS Stock - Frequently Asked Questions

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

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 5 sell ratings, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities 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 2023?

22 Wall Street analysts have issued twelve-month target prices for Essex Property Trust's stock. Their ESS share price forecasts range from $200.00 to $300.00. On average, they predict the company's stock price to reach $245.18 in the next year. This suggests a possible upside of 16.5% 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 2023?

Essex Property Trust's stock was trading at $211.92 at the beginning of 2023. Since then, ESS stock has decreased by 0.7% and is now trading at $210.38.
View the best growth stocks for 2023 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a decline in short interest in April. As of April 15th, there was short interest totaling 1,070,000 shares, a decline of 7.0% from the March 31st total of 1,150,000 shares. Based on an average trading volume of 521,600 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.7% of the company's stock are sold short.
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, July 25th 2023.
View our ESS earnings forecast
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) announced its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share (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 8.29% and a net margin of 29.84%. During the same quarter last year, the company earned $3.07 EPS.
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 declared a quarterly dividend on Friday, May 12th. Stockholders of record on Friday, June 30th will be given a dividend of $2.31 per share on Friday, July 14th. This represents a $9.24 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, 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 $9.24 per share and currently has a dividend yield of 4.39%. 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 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 122.55%. 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 60.47% 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 updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $3.63-$3.75 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 (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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (10.46%), BlackRock Inc. (10.04%), Principal Financial Group Inc. (4.52%), FMR LLC (4.00%), Geode Capital Management LLC (2.30%) and Price T Rowe Associates Inc. MD (1.77%). Insiders that own company stock include Adam W Berry, Amal M Johnson, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, Irving F Lyons III, 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 $210.38.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $13.50 billion and generates $1.61 billion in revenue each year. The real estate investment trust earns $408.32 million in net income (profit) each year or $7.54 on an earnings per share basis.

How many employees does Essex Property Trust have?

The company employs 1,772 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 5/30/2023 by MarketBeat.com Staff

My Account -