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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NYSE:ESS

Essex Property Trust Stock Forecast, Price & News

$264.89
+2.67 (+1.02 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$258.02
Now: $264.89
$265.70
50-Day Range
$237.08
MA: $254.27
$271.60
52-Week Range
$175.81
Now: $264.89
$295.64
Volume383,772 shs
Average Volume474,125 shs
Market Capitalization$17.22 billion
P/E Ratio29.01
Dividend Yield3.11%
Beta0.79
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. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.
Essex Property Trust logo

Headlines

Essex Property Trust Prices $450 Millionof Senior Notes
February 22, 2021 |  marketwatch.com
Essex Property Trust Prices $450 Million of Senior Notes
February 22, 2021 |  finance.yahoo.com
Essex Property Trust, Inc. to Host Earnings Call
February 5, 2021 |  finance.yahoo.com
Buy Apartments On The Cheap With Essex Property Trust
February 1, 2021 |  seekingalpha.com
This Dividend Aristocrat REIT Has One Big Problem
January 29, 2021 |  finance.yahoo.com
Essex Reports Characteristics of 2020 Dividends
January 15, 2021 |  finance.yahoo.com
Essex Property Trust: Location, Location, Location
December 16, 2020 |  seekingalpha.com
Marcus & Millichap: What You Need to Know
December 8, 2020 |  fool.com
10 Best Dividend Stocks for Passive Income
November 24, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29717810
Phone(650) 655-7800
Employees1,763
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$15.27 per share
Book Value$96.90 per share

Profitability

Net Income$439.29 million

Miscellaneous

Market Cap$17.22 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.97 out of 5 stars

Finance Sector

242nd out of 1,940 stocks

Real Estate Investment Trusts Industry

52nd out of 273 stocks

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$264.89
+2.67 (+1.02 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

Is Essex Property Trust a buy right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Essex Property Trust stock. 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 analyst ratings for Essex Property Trust
or view top-rated stocks.

What stocks does MarketBeat like better than Essex Property Trust?

Wall Street analysts have given Essex Property Trust a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Essex Property Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Essex Property Trust
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) announced its quarterly earnings data on Thursday, February, 4th. The real estate investment trust reported $1.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $3.12 by $1.65. Essex Property Trust had a net margin of 39.89% and a trailing twelve-month return on equity of 9.46%. During the same quarter in the prior year, the business posted $1.95 EPS.
View Essex Property Trust's earnings history
.

How has Essex Property Trust's stock been impacted by Coronavirus?

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. Since then, ESS stock has decreased by 4.6% and is now trading at $264.89.
View which stocks have been most impacted by COVID-19
.

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 Thursday, February 18th. Stockholders of record on Wednesday, March 31st will be paid a dividend of $2.09 per share on Thursday, April 15th. This represents a $8.36 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, March 30th. This is an increase from Essex Property Trust's previous quarterly dividend of $2.08.
View Essex Property Trust's dividend history
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust pays an annual dividend of $8.31 per share and currently has a dividend yield of 3.11%. Essex Property Trust has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Essex Property Trust is 62.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Essex Property Trust will have a dividend payout ratio of 64.67% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend.
View Essex Property Trust's dividend history.

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

Essex Property Trust issued an update on its FY21 earnings guidance on Thursday, February, 4th. The company provided earnings per share guidance of $11.86-12.46 for the period, compared to the Thomson Reuters consensus estimate of $12.84.

What price target have analysts set for ESS?

17 brokerages have issued 1 year price targets for Essex Property Trust's stock. Their forecasts range from $210.00 to $314.00. On average, they expect Essex Property Trust's stock price to reach $255.13 in the next twelve months. This suggests that the stock has a possible downside of 3.7%.
View analysts' price targets for Essex Property Trust
or view top-rated stocks among Wall Street analysts.

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the following people:
  • Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 64, Pay $2.8M)
  • Ms. Angela L. Kleiman, Sr. Exec. VP & COO (Age 50, Pay $1.51M)
  • Mr. Adam W. Berry, Exec. VP & Chief Investment Officer (Age 47, Pay $959.92k)
  • Mr. John F. Burkart, Strategic Advisor (Age 57, Pay $1.66M)
  • Ms. Barbara M. Pak CFA, Exec. VP & CFO (Age 43)
  • Mr. John Farias, Sr. VP & Chief Accounting Officer (Age 52)
  • Mr. Patrick Klein, Exec. VP & CTO
  • Rylan Burns, VP of Fin. & Investor Relations
  • Ms. Anne Morrison, Sr. VP, Sec. & Gen. Counsel
  • Ms. Deborah J. Jones, Sr. VP of HR (Age 71)

What is Michael Schall's approval rating as Essex Property Trust's CEO?

236 employees have rated Essex Property Trust CEO Michael Schall on Glassdoor.com. Michael Schall has an approval rating of 95% among Essex Property Trust's employees. This puts Michael Schall in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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

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 International (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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.76%), Principal Financial Group Inc. (4.94%), Principal Financial Group Inc. (4.34%), Norges Bank (3.15%), Daiwa Securities Group Inc. (2.17%) and Northern Trust Corp (1.95%). 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
.

Which institutional investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., PGGM Investments, Sumitomo Mitsui Trust Holdings Inc., Renaissance Technologies LLC, Daiwa Securities Group Inc., Voloridge Investment Management LLC, California Public Employees Retirement System, and Long Pond Capital LP.
View insider buying and selling activity for Essex Property Trust
or view top insider-selling stocks.

Which institutional investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Principal Financial Group Inc., Resolution Capital Ltd, Principal Financial Group Inc., Janus Henderson Group PLC, Boston Partners, Healthcare of Ontario Pension Plan Trust Fund, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for Essex Property Trust
or or view top insider-buying stocks.

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 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 $264.89.

How much money does Essex Property Trust make?

Essex Property Trust has a market capitalization of $17.22 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.

How many employees does Essex Property Trust have?

Essex Property Trust employs 1,763 workers across the globe.

What is Essex Property Trust's official website?

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

Where are Essex Property Trust's headquarters?

Essex Property Trust is headquartered at 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403.

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]


This page was last updated on 3/7/2021 by MarketBeat.com Staff

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