Essex Property Trust Stock Forecast, Price & News

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ESS shares have decreased by 26.5% and is now trading at $204.11.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 2 sell ratings, 8 hold ratings and 6 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, October 28th 2020.
View our earnings forecast for Essex Property Trust.

Essex Property Trust Inc (NYSE:ESS) announced its quarterly earnings data on Monday, August, 3rd. The real estate investment trust reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $3.30 by $2.01. Essex Property Trust had a net margin of 41.70% and a return on equity of 9.81%. During the same period in the previous year, the business earned $3.33 earnings per share.
View Essex Property Trust's earnings history.

Essex Property Trust announced a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Wednesday, September 30th will be paid a dividend of $2.0775 per share on Thursday, October 15th. This represents a $8.31 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, September 29th.
View Essex Property Trust's dividend history.

16 brokers have issued 1 year price objectives for Essex Property Trust's stock. Their forecasts range from $210.00 to $355.00. On average, they anticipate Essex Property Trust's stock price to reach $282.31 in the next twelve months. This suggests a possible upside of 38.3% from the stock's current price.
View analysts' price targets for Essex Property Trust.

Essex Property Trust saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,010,000 shares, a drop of 14.4% from the August 31st total of 1,180,000 shares. Based on an average daily trading volume, of 419,700 shares, the short-interest ratio is currently 2.4 days. Approximately 1.6% of the company's stock are sold short.
View Essex Property Trust's Short Interest.

Some companies that are related to Essex Property Trust include AvalonBay Communities (AVB), Equity Residential (EQR), Sun Communities (SUI), Mid-America Apartment Communities (MAA), 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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Essex Property Trust investors own include AT&T (T), Intel (INTC), Cisco Systems (CSCO), Realty Income (O), AbbVie (ABBV), Simon Property Group (SPG), CROWN CASTLE IN/SH SH (CCI), Johnson & Johnson (JNJ), 3M (MMM) 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.21%), Principal Financial Group Inc. (3.32%), FMR LLC (1.22%), Sumitomo Mitsui Trust Holdings Inc. (0.99%), Charles Schwab Investment Management Inc. (0.93%) and California Public Employees Retirement System (0.85%). 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 Vanguard Group Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Principal Financial Group Inc., Duff & Phelps Investment Management Co., Federated Hermes Inc., and Great West Life Assurance Co. Can. Company insiders that have sold Essex Property Trust company stock in the last year include Craig K Zimmerman, Irving F Lyons III, John F Burkart, John Farias, and Michael J Schall.
View insider buying and selling activity for Essex Property Trust.

ESS stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Russell Investments Group Ltd., Canada Pension Plan Investment Board, Sumitomo Mitsui Trust Holdings Inc., Lasalle Investment Management Securities LLC, Nordea Investment Management AB, State of Tennessee Treasury Department, and Sei Investments Co..
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 $204.11.

Essex Property Trust has a market capitalization of $13.31 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]