Essex Property Trust - ESS Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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.
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18 analysts have issued twelve-month price targets for Essex Property Trust's shares. Their ESS share price forecasts range from $235.00 to $359.00. On average, they expect the company's share price to reach $308.41 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
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Essex Property Trust's stock was trading at $352.23 at the start of the year. Since then, ESS stock has decreased by 15.6% and is now trading at $297.13.
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Essex Property Trust saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 806,300 shares, a decrease of 12.1% from the July 15th total of 917,100 shares. Based on an average daily volume of 484,900 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the shares of the stock are short sold.
View Essex Property Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our ESS earnings forecast.

Essex Property Trust, Inc. (NYSE:ESS) posted its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.35 by $2.23. Essex Property Trust had a trailing twelve-month return on equity of 5.15% and a net margin of 25.43%. During the same period in the prior year, the company earned $3.07 earnings per share.
Read the conference call transcript.

Essex Property Trust declared a quarterly dividend on Wednesday, May 11th. Investors of record on Thursday, June 30th will be paid a dividend of $2.20 per share on Friday, July 15th. This represents a $8.80 annualized dividend and a yield of 2.96%. The ex-dividend date is Wednesday, June 29th.
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 2.96%. 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 148.90%. 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.

Essex Property Trust updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $14.35-$14.55 for the period. The company issued revenue guidance of -.

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 International (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 Principal Financial Group Inc. (4.62%), FMR LLC (1.92%), Northern Trust Corp (1.47%), JPMorgan Chase & Co. (1.23%), Sumitomo Mitsui Trust Holdings Inc. (0.85%) and ProShare Advisors LLC (0.75%). Insiders that own company stock include Adam W Berry, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Craig K Zimmerman, Irving F Lyons III, Irving F Lyons III, Janice L Sears, John F Burkart, John Farias, Michael J Schall and Thomas E Robinson.
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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 $297.13.

Essex Property Trust (NYSE:ESS) has a market capitalization of $19.35 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 $5.91 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.