Essex Property Trust Stock Forecast, Price & News

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.
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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.

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.

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.
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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.

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.

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.

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%.
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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.

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

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 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.

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.
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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.

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.
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One share of ESS stock can currently be purchased for approximately $264.89.

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.

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

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

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

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]