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

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$259.93 +1.75 (+0.68 %)
(As of 01/22/2019 06:00 AM ET)
Previous Close$258.18
Today's Range$257.49 - $260.06
52-Week Range$214.03 - $267.41
Volume310,750 shs
Average Volume305,224 shs
Market Capitalization$17.17 billion
P/E Ratio20.98
Dividend Yield2.86%
Beta0.33
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.

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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$1.36 billion
Cash Flow$13.3366 per share
Book Value$96.87 per share

Profitability

Net Income$433.05 million

Miscellaneous

Employees1,835
Market Cap$17.17 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. Investors of record on Wednesday, January 2nd will be given a dividend of $1.86 per share on Tuesday, January 15th. This represents a $7.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, December 31st. 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 earnings per share for the quarter, missing the consensus estimate of $3.14 by $1.92. The real estate investment trust earned $350.92 million during the quarter, compared to the consensus estimate of $351.58 million. Essex Property Trust had a net margin of 27.01% and a return on equity of 5.52%. During the same period in the previous year, the firm earned $2.98 EPS. 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, January 30th 2019. View Earnings Estimates for Essex Property Trust.

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

Essex Property Trust issued an update on its FY 2018 earnings guidance on Monday, October, 29th. The company provided earnings per share 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 equities research analysts have issued 12 month price objectives for Essex Property Trust's stock. Their forecasts range from $250.00 to $297.00. On average, they expect Essex Property Trust's share price to reach $268.5647 in the next twelve months. This suggests a possible upside of 3.3% 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?

News headlines about ESS stock have been trending very positive on Tuesday, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Essex Property Trust earned a news sentiment score of 3.2 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Who are some of Essex Property Trust's key competitors?

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 Resolution Capital Ltd (0.78%), Timbercreek Investment Management Inc. (0.06%), State of Alaska Department of Revenue (0.06%), Meeder Asset Management Inc. (0.04%), Hill Winds Capital LP (0.03%) and Nisa Investment Advisors LLC (0.03%). 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 major investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Gulf International Bank UK Ltd, Meeder Asset Management Inc., Nisa Investment Advisors LLC, Oakbrook Investments LLC, Louisiana State Employees Retirement System, American Investment Services Inc. and Ferguson Wellman Capital Management Inc.. 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 major investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Hill Winds Capital LP, Fox Run Management L.L.C., State of Alaska Department of Revenue, Pennsylvania Trust Co, First Hawaiian Bank, Ironwood Financial llc, Timbercreek Investment Management Inc. and Gateway Investment Advisers 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 $259.93.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $17.17 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?

The official website for Essex Property Trust is http://www.essexpropertytrust.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:  2.3 out of 5 (star star)
Outperform Votes:  566 (Vote Outperform)
Underperform Votes:  640 (Vote Underperform)
Total Votes:  1,206
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 1/22/2019 by MarketBeat.com Staff

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