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. The Company currently has ownership interests in 248 apartment communities comprising approximately 60,000 apartment homes, excluding six properties in various stages of active development, one commercial building, preferred equity co-investments, and loan investments.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
Current SymbolNYSE:ESS
Previous Symbol
CUSIP29717810
Phone650-655-7800
Debt
Debt-to-Equity Ratio0.88
Current Ratio1.31
Quick Ratio1.31
Price-To-Earnings
Trailing P/E Ratio21.67
Forward P/E Ratio20.55
P/E Growth3.45
Sales & Book Value
Annual Sales$1.36 billion
Price / Sales12.50
Cash Flow$13.1277 per share
Price / Cash Flow19.66
Book Value$96.87 per share
Price / Book2.66
Profitability
EPS (Most Recent Fiscal Year)$11.91
Net Income$433.05 million
Net Margins27.01%
Return on Equity5.52%
Return on Assets2.84%
Miscellaneous
Employees1,835
Outstanding Shares66,070,000
Market Cap$17.33 billion
OptionableOptionable
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 Friday, December 14th. Investors of record on Wednesday, January 2nd will be paid a dividend of $1.86 per share on Tuesday, January 15th. This represents a $7.44 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Monday, December 31st. View Essex Property Trust's Dividend History.
How were Essex Property Trust's earnings last quarter?
Essex Property Trust Inc (NYSE:ESS) issued its earnings results on Monday, October, 29th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by $1.92. The real estate investment trust earned $350.92 million during the quarter, compared to analysts' expectations of $351.58 million. Essex Property Trust had a return on equity of 5.52% and a net margin of 27.01%. During the same period in the prior year, the firm earned $2.98 EPS. View Essex Property Trust's Earnings History.
When is Essex Property Trust's next earnings date?
What guidance has Essex Property Trust issued on next quarter's earnings?
Essex Property Trust issued an update on its FY 2018 earnings guidance on Monday, October, 29th. The company provided earnings per share guidance of $12.51-12.61 for the period. Essex Property Trust also updated its Q4 guidance to $3.13-3.23 EPS.
What price target have analysts set for ESS?
20 brokers have issued 12 month price targets for Essex Property Trust's shares. Their predictions range from $250.00 to $297.00. On average, they expect Essex Property Trust's stock price to reach $269.3750 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price. View Analyst Price Targets for Essex Property Trust.
What is the consensus analysts' recommendation for Essex Property Trust?
20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 9 hold ratings and 11 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?
Headlines about ESS stock have trended somewhat positive on Tuesday, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Essex Property Trust earned a media sentiment score of 1.9 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
Who are some of Essex Property Trust's key competitors?
Some companies that are related to Essex Property Trust include Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), SBA Communications (SBAC), Boston Properties (BXP), Weyerhaeuser (WY) and HCP (HCP).
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 61)
- Ms. Angela L. Kleiman, Exec. VP & CFO (Age 47)
- Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 63)
- Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 67)
- Mr. John F. Burkart, Sr. EVP of Asset Management (Age 54)
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 investors include Vanguard Group Inc. (15.89%), Vanguard Group Inc (15.89%), BlackRock Inc. (10.43%), Cohen & Steers Inc. (9.98%), Daiwa Securities Group Inc. (3.17%) and FMR LLC (2.58%). Company insiders that own Essex Property Trust stock include Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, Irving F Lyons III, 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 FMR LLC, Barings LLC, AMP Capital Investors Ltd, Deutsche Bank AG, NN Investment Partners Holdings N.V., Morgan Stanley, Mitsubishi UFJ Trust & Banking Corp and Adelante Capital Management LLC. Company insiders that have sold Essex Property Trust company stock in the last year include Angela L Kleiman, Gary P Martin, Glenn Olnick, 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 Cohen & Steers Inc., Daiwa Securities Group Inc., JPMorgan Chase & Co., Canada Pension Plan Investment Board, Nordea Investment Management AB, BlackRock Inc., Teachers Advisors LLC and TIAA CREF Investment Management LLC. 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 $258.09.
How big of a company is Essex Property Trust?
Essex Property Trust has a market capitalization of $17.33 billion and generates $1.36 billion in revenue each year. The real estate investment trust earns $433.05 million in net income (profit) each year or $11.91 on an earnings per share basis. Essex Property Trust employs 1,835 workers across the globe.
What is Essex Property Trust's official website?
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)
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.
