NYSE:ESSEssex Property Trust Stock Price, Forecast & News

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ESS stock has decreased by 14.8% and is now trading at $236.41. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Essex Property Trust.

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Essex Property Trust.

Essex Property Trust Inc (NYSE:ESS) announced its earnings results on Wednesday, May, 6th. The real estate investment trust reported $4.76 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.40 by $1.36. The real estate investment trust earned $392.37 million during the quarter, compared to analysts' expectations of $383.23 million. Essex Property Trust had a net margin of 42.47% and a return on equity of 9.94%. During the same quarter last year, the company earned $3.23 EPS. View Essex Property Trust's earnings history.

Essex Property Trust declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 30th will be given a dividend of $2.0775 per share on Wednesday, July 15th. This represents a $8.31 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Monday, June 29th. View Essex Property Trust's dividend history.

15 brokers have issued 12 month price targets for Essex Property Trust's stock. Their forecasts range from $203.00 to $355.00. On average, they anticipate Essex Property Trust's stock price to reach $293.69 in the next year. This suggests a possible upside of 24.2% from the stock's current price. View analysts' price targets for Essex Property Trust.

Headlines about ESS stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of 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 -1.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutEssex Property Trust.

Essex Property Trust saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 739,000 shares, a drop of 7.9% from the April 30th total of 802,700 shares. Based on an average daily volume of 579,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.1% of the company's stock are short sold. View Essex Property Trust's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Essex Property Trust investors own include AT&T (T), Cisco Systems (CSCO), Intel (INTC), Mastercard (MA), Boeing (BA), Walt Disney (DIS), Mcdonald's (MCD), Realty Income (O), Johnson & Johnson (JNJ) and Pfizer (PFE).

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

Essex Property Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.49%), State Street Corp (7.77%), Cohen & Steers Inc. (7.33%), Principal Financial Group Inc. (3.50%), Geode Capital Management LLC (2.13%) and JPMorgan Chase & Co. (2.08%). Company insiders that own Essex Property Trust stock 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 institutional ownership trends for Essex Property Trust.

ESS stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Balyasny Asset Management LLC, JPMorgan Chase & Co., Morgan Stanley, Cbre Clarion Securities LLC, Resolution Capital Ltd, BlackRock Inc., and Janus Henderson Group PLC. 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 F Burkart, John Farias, and Michael J Schall. View insider buying and selling activity for Essex Property Trust.

ESS stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Two Sigma Advisers LP, Sumitomo Mitsui Trust Holdings Inc., Centersquare Investment Management LLC, Principal Financial Group Inc., Mitsubishi UFJ Trust & Banking Corp, Swiss National Bank, and Legal & General Group Plc. View insider buying and selling activity 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 $236.41.

Essex Property Trust has a market capitalization of $15.47 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 1,822 workers across the globe.

The official website for Essex Property Trust is 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]