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Essex Property Trust - ESS Stock Forecast, Price & News

$218.46
-1.45 (-0.66%)
(As of 12/2/2022 02:12 PM ET)
Add
Compare
Today's Range
$217.29
$219.67
50-Day Range
$207.34
$248.08
52-Week Range
$205.76
$363.36
Volume
9,096 shs
Average Volume
626,564 shs
Market Capitalization
$14.15 billion
P/E Ratio
39.58
Dividend Yield
3.99%
Price Target
$268.06

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
19.3% Upside
$260.82 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.66
Upright™ Environmental Score
News Sentiment
0.46mentions of Essex Property Trust in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.73%
From $14.48 to $15.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.08 out of 5 stars

Finance Sector

56th out of 910 stocks

Real Estate Investment Trusts Industry

10th out of 193 stocks

ESS stock logo

About Essex Property Trust (NYSE:ESS) Stock

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.

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ESS Stock News Headlines

Essex Property Trust (NYSE:ESS) Price Target Cut to $211.00
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
Walgreens Named November Aristocrats Top Dog
Apartments In Free Fall, So I Bought Essex
Copper Exploration Heating Up
Canada is already known as a miner's paradise. But British Columbia (BC) is quietly becoming the new copper hotspot. That's because copper is critical to the world's shift to renewable energy. Biden earmarked $226 billion in new infrastructure projects all requiring copper.
12 Analysts Have This to Say About Essex Property Trust
UDR's Q3 FFOA and Revenues Surpass Estimates, '22 View Up
Essex Property (ESS) Beats Q3 FFO, Raises 2022 Guidance
CFRA Upgrades Essex Property Trust to Buy
ESSEX PROPERTY TRUST INC
Essex Announces Third Quarter 2022 Results
Earnings Preview: Essex Property Trust
What's in Store for Essex Property (ESS) in Q3 Earnings?
11 Analysts Have This to Say About Essex Property Trust
See More Headlines
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ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 10/14 Dividend
9/29/2022
Dividend Payable
10/14/2022
Today
12/02/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29717810
Employees
1,757
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$260.82
High Stock Price Forecast
$320.00
Low Stock Price Forecast
$211.00
Forecasted Upside/Downside
+22.7%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
19 Analysts

Profitability

Net Income
$488.55 million
Pretax Margin
24.49%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$13.99 per share
Book Value
$90.82 per share

Miscellaneous

Free Float
62,358,000
Market Cap
$14.15 billion
Optionable
Optionable
Beta
0.73

Social Links


Key Executives

  • Mr. Michael J. Schall CPAMr. Michael J. Schall CPA (Age 65)
    Pres, CEO & Director
    Comp: $3.43M
  • Ms. Barbara M. Pak CFA (Age 44)
    Exec. VP & CFO
    Comp: $1.78M
  • Ms. Angela L. KleimanMs. Angela L. Kleiman (Age 51)
    Sr. EVP, COO & Director
    Comp: $2.19M
  • Mr. Adam W. BerryMr. Adam W. Berry (Age 48)
    Exec. VP & Chief Investment Officer
    Comp: $1.51M
  • Mr. John FariasMr. John Farias (Age 53)
    Sr. VP & Chief Accounting Officer
  • Rylan Burns
    VP of Fin. & Investor Relations
  • Ms. Anne M. Morrison
    Sr. VP, Sec. & Gen. Counsel
  • Sudarshana Rangachary
    Sr. VP of HR
  • Mr. Jeff Lambert
    Sr. VP of Devel.













ESS Stock - Frequently Asked Questions

Should I buy or sell Essex Property Trust stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 9 hold ratings and 7 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.

What is Essex Property Trust's stock price forecast for 2023?

19 Wall Street analysts have issued twelve-month price objectives for Essex Property Trust's stock. Their ESS share price forecasts range from $211.00 to $320.00. On average, they predict the company's share price to reach $260.82 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for ESS
or view top-rated stocks among Wall Street analysts.

How have ESS shares performed in 2022?

Essex Property Trust's stock was trading at $352.23 on January 1st, 2022. Since then, ESS stock has decreased by 37.6% and is now trading at $219.91.
View the best growth stocks for 2022 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,130,000 shares, a drop of 11.0% from the October 31st total of 1,270,000 shares. Based on an average trading volume of 531,000 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the shares of the stock are short sold.
View Essex Property Trust's Short Interest
.

When is Essex Property Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our ESS earnings forecast
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) announced its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.35 by $2.23. Essex Property Trust had a net margin of 23.03% and a trailing twelve-month return on equity of 4.78%. During the same period in the previous year, the business earned $3.07 EPS.
Read the conference call transcript
.

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, September 15th. Stockholders of record on Friday, September 30th will be given a dividend of $2.20 per share on Friday, October 14th. This represents a $8.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for ESS
.

Is Essex Property Trust a good dividend stock?

Essex Property Trust (NYSE:ESS) pays an annual dividend of $8.80 per share and currently has a dividend yield of 3.99%. 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 28 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 56.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESS.

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

Essex Property Trust issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of $3.67-$3.77 for the period. The company issued revenue guidance of -.

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

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.

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 (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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.58%), BlackRock Inc. (10.53%), State Street Corp (8.52%), Cohen & Steers Inc. (3.46%), Price T Rowe Associates Inc. MD (1.62%) and Dimensional Fund Advisors LP (1.46%). Insiders that own company stock include Adam W Berry, 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
.

How do I buy shares of Essex Property Trust?

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.
Compare Top Brokerages Here.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $219.91.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $14.24 billion and generates $1.44 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.

How many employees does Essex Property Trust have?

The company employs 1,757 workers across the globe.

How can I contact Essex Property Trust?

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.

This page (NYSE:ESS) was last updated on 12/2/2022 by MarketBeat.com Staff