NYSE:ESSEssex Property Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Essex Property Trust Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $245.18 -3.68 (-1.48 %) (As of 05/29/2020 01:21 PM ET) Add Compare Share Today's Range$242.73Now: $245.18▼$248.6450-Day Range$214.63MA: $241.19▼$260.8452-Week Range$175.81Now: $245.18▼$334.17Volume14,058 shsAverage Volume441,112 shsMarket Capitalization$16.04 billionP/E Ratio25.49Dividend Yield3.35%Beta0.7 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 245 apartment communities with an additional 6 properties in various stages of active development.Read More Beat the Market (BTM) Rank™ 3.2 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 9 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $292.07, Essex Property Trust has a potential upside of 19.1% from its current price of $245.18.Amount of Analyst CoverageEssex Property Trust has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.2 Community Rank Outperform VotesEssex Property Trust has received 656 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEssex Property Trust has received 819 “underperform” votes. (Add your “underperform” vote.)Community SentimentEssex Property Trust has received 55.53% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Essex Property Trust and other stocks. Vote “Outperform” if you believe ESS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ESS will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 5.0 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 3.35%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEssex Property Trust has been increasing its dividend for 26 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 62.11 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Essex Property Trust will have a dividend payout ratio of 59.83 % next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.50% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions94.59% of the stock of Essex Property Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 4.12% in the coming year, from $13.34 to $13.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 25.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 25.49, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.15.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 5.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEssex Property Trust has a P/B Ratio of 2.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.40 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryResidential REITs SectorFinance Current SymbolNYSE:ESS Previous Symbol CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone650-655-7800Debt Debt-to-Equity Ratio1.01 Current Ratio1.64 Quick Ratio1.64Price-To-Earnings Trailing P/E Ratio25.49 Forward P/E Ratio18.38 P/E Growth5.09 Sales & Book Value Annual Sales$1.46 billion Price / Sales10.98 Cash Flow$13.46 per share Price / Cash Flow18.21 Book Value$98.11 per share Price / Book2.50Profitability EPS (Most Recent Fiscal Year)$13.38 Net Income$439.29 million Net Margins42.47% Return on Equity9.94% Return on Assets4.90%Miscellaneous Employees1,822 Outstanding Shares65,420,000Market Cap$16.04 billion Next Earnings Date7/22/2020 (Estimated) OptionableOptionable ESS Rates by TradingView Receive ESS News and Ratings via Email Sign-up to receive the latest news and ratings for ESS and its competitors with MarketBeat's FREE daily newsletter. Essex Property Trust (NYSE:ESS) Frequently Asked Questions How has Essex Property Trust's stock been impacted by COVID-19 (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 (WHO). Since then, ESS shares have decreased by 11.7% and is now trading at $245.18. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Essex Property Trust? 16 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Essex Property Trust. When is Essex Property Trust's next earnings date? 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. How were Essex Property Trust's earnings last quarter? Essex Property Trust Inc (NYSE:ESS) announced its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported $4.76 earnings per share for the quarter, beating the consensus estimate of $3.40 by $1.36. The real estate investment trust had revenue of $392.37 million for the quarter, compared to the consensus estimate of $383.23 million. Essex Property Trust had a return on equity of 9.94% and a net margin of 42.47%. During the same period in the prior year, the company earned $3.23 EPS. View Essex Property Trust's earnings history. How often does Essex Property Trust pay dividends? What is the dividend yield for Essex Property Trust? Essex Property Trust announced 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 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, June 29th. View Essex Property Trust's dividend history. What price target have analysts set for ESS? 16 Wall Street analysts have issued 1 year target prices for Essex Property Trust's shares. Their forecasts range from $203.00 to $355.00. On average, they expect Essex Property Trust's share price to reach $292.07 in the next year. This suggests a possible upside of 19.1% from the stock's current price. View analysts' price targets for Essex Property Trust. Has Essex Property Trust been receiving favorable news coverage? Press coverage about ESS stock has trended positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 2.7 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutEssex Property Trust. Are investors shorting Essex Property Trust? Essex Property Trust saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 739,000 shares, a decrease of 7.9% from the April 30th total of 802,700 shares. Based on an average daily volume of 579,600 shares, the short-interest 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. Who are some of Essex Property Trust's key competitors? Some companies that are related to Essex Property Trust include Equity Residential (EQR), AvalonBay Communities (AVB), 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. 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), Cisco Systems (CSCO), Intel (INTC), Mastercard (MA), Boeing (BA), Walt Disney (DIS), Mcdonald's (MCD), Realty Income (O), Johnson & Johnson (JNJ) and Pfizer (PFE). 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 62)Ms. Angela L. Kleiman, Exec. VP & CFO (Age 48)Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 64)Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 68)Mr. John F. Burkart, Sr. EVP of Asset Management (Age 55) 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 many different 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. Which major investors are selling Essex Property Trust stock? 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, Morgan Stanley, Cbre Clarion Securities LLC, Resolution Capital Ltd, and BlackRock Inc.. 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. Which major investors are buying Essex Property Trust stock? ESS stock was purchased 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. 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is Essex Property Trust's stock price today? One share of ESS stock can currently be purchased for approximately $245.18. How big of a company is Essex Property Trust? Essex Property Trust has a market capitalization of $16.04 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. What is Essex Property Trust's official website? The official website for Essex Property Trust is www.essexapartmenthomes.com. 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 5/29/2020 by MarketBeat.com Staff
