NYSE:ESS - Essex Property Trust Stock Price, News & Analysis

$314.72
+2.09 (+0.67 %)
(As of 08/16/2019 04:00 PM ET)
Today's Range
$307.38
Now: $314.72
$316.88
50-Day Range
$291.93
MA: $302.28
$316.13
52-Week Range
$235.51
Now: $314.72
$316.88
Volume396,800 shs
Average Volume344,496 shs
Market Capitalization$20.69 billion
P/E Ratio25.04
Dividend Yield2.54%
Beta0.37
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.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29717810
Phone650-655-7800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.40 billion
Cash Flow$13.1737 per share
Book Value$96.54 per share

Profitability

Net Income$390.15 million

Miscellaneous

Employees1,826
Market Cap$20.69 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

What is Essex Property Trust's stock symbol?

Essex Property Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESS."

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, May 16th. Investors of record on Friday, June 28th will be paid a dividend of $1.95 per share on Friday, July 12th. This represents a $7.80 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, June 27th. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) issued its quarterly earnings data on Wednesday, July, 24th. The real estate investment trust reported $1.40 EPS for the quarter, missing the consensus estimate of $3.26 by $1.86. The real estate investment trust earned $361.64 million during the quarter, compared to the consensus estimate of $358.15 million. Essex Property Trust had a net margin of 28.83% and a return on equity of 6.43%. During the same period last year, the company earned $3.14 EPS. View Essex Property Trust's Earnings History.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Essex Property Trust.

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

Essex Property Trust issued an update on its FY19 earnings guidance on Wednesday, July, 24th. The company provided EPS guidance of $13.19-13.37 for the period, compared to the Thomson Reuters consensus estimate of $13.14.

What price target have analysts set for ESS?

17 brokerages have issued 1-year price objectives for Essex Property Trust's stock. Their predictions range from $255.00 to $335.00. On average, they expect Essex Property Trust's stock price to reach $295.5733 in the next year. This suggests that the stock has a possible downside of 6.1%. View Analyst Price Targets for Essex Property Trust.

What is the consensus analysts' recommendation for Essex Property Trust?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 7 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

News stories about ESS stock have trended negative recently, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded 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 impact score of -2.3 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Essex Property Trust.

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 Cisco Systems (CSCO), Visa (V), Gilead Sciences (GILD), Netflix (NFLX), Paypal (PYPL), Boeing (BA), Mcdonald's (MCD), Welltower (WELL), Walt Disney (DIS) and Mastercard (MA).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the folowing 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)

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.24%), BlackRock Inc. (10.20%), Cohen & Steers Inc. (8.00%), Daiwa Securities Group Inc. (2.73%), Invesco Ltd. (2.00%) and Northern Trust Corp (1.84%). Company insiders that own Essex Property Trust stock include Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Janice L Sears, John D Eudy, John F Burkart 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 Cohen & Steers Inc., BlackRock Inc., Prudential Financial Inc., Canada Pension Plan Investment Board, Morgan Stanley, Russell Investments Group Ltd., Centersquare Investment Management LLC and BNP Paribas Arbitrage SA. Company insiders that have sold Essex Property Trust company stock in the last year include Angela L Kleiman, Byron A Scordelis, Janice L Sears, John D Eudy, John F Burkart and Michael J Schall. View Insider Buying and Selling for Essex Property Trust.

Which institutional investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Amundi Pioneer Asset Management Inc., Brookfield Asset Management Inc., California Public Employees Retirement System, Renaissance Technologies LLC, Northern Trust Corp, TD Asset Management Inc. and Cibc World Markets Corp. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $314.72.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $20.69 billion and generates $1.40 billion in revenue each year. The real estate investment trust earns $390.15 million in net income (profit) each year or $12.57 on an earnings per share basis. Essex Property Trust employs 1,826 workers across the globe.View Additional Information About Essex Property Trust.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is http://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]


MarketBeat Community Rating for Essex Property Trust (NYSE ESS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  610 (Vote Outperform)
Underperform Votes:  714 (Vote Underperform)
Total Votes:  1,324
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.
This page was last updated on 8/17/2019 by MarketBeat.com Staff

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