Essex Property Trust - ESS Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESS shares. 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 ESS analyst ratings or view top-rated stocks.

20 brokers have issued 12 month price objectives for Essex Property Trust's stock. Their ESS share price forecasts range from $211.00 to $320.00. On average, they expect the company's share price to reach $254.85 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for ESS or view top-rated stocks among Wall Street analysts.

Essex Property Trust's stock was trading at $211.92 on January 1st, 2023. Since then, ESS shares have increased by 7.2% and is now trading at $227.21.
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Essex Property Trust saw a increase in short interest in January. As of January 15th, there was short interest totaling 704,300 shares, an increase of 26.7% from the December 31st total of 556,000 shares. Based on an average trading volume of 559,600 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 Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our ESS earnings forecast.

Essex Property Trust will be holding an earnings conference call on Wednesday, February 8th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13735125".

Essex Property Trust, Inc. (NYSE:ESS) issued its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $1.12 EPS for the quarter, missing the consensus estimate of $3.35 by $2.23. Essex Property Trust had a trailing twelve-month return on equity of 4.78% and a net margin of 23.03%. During the same quarter last year, the company posted $3.07 EPS.
Read the conference call transcript.

Essex Property Trust announced a quarterly dividend on Friday, December 9th. Investors of record on Tuesday, January 3rd will be given a dividend of $2.20 per share on Friday, January 13th. This represents a $8.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Friday, December 30th.
Read our dividend analysis for ESS.

Essex Property Trust (NYSE:ESS) pays an annual dividend of $8.80 per share and currently has a dividend yield of 4.01%. ESS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 159.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ESS will have a dividend payout ratio of 57.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

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

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 (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 number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.98%), Lasalle Investment Management Securities LLC (0.76%), Strs Ohio (0.16%), New York State Common Retirement Fund (0.13%), Bank of Montreal Can (0.12%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Adam W Berry, Amal M Johnson, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, Irving F Lyons III, John F Burkart, John Farias, Michael J Schall and Thomas E Robinson.
View institutional ownership trends.

Shares of ESS stock 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 $227.21.

Essex Property Trust (NYSE:ESS) has a market capitalization of $14.71 billion and generates $1.56 billion in revenue each year. The real estate investment trust earns $488.55 million in net income (profit) each year or $5.52 on an earnings per share basis.

The company employs 1,757 workers across the globe.

Essex Property Trust's mailing address is 1100 PARK PLACE SUITE 200, SAN MATEO CA, 94403. The official website for the company is www.essexapartmenthomes.com. The real estate investment trust can be reached via phone at (650) 655-7800, via email at rburns@essex.com, or via fax at 650-494-8743.