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NYSE:ESS

Essex Property Trust - ESS Stock Forecast, Price & News

$290.01
-3.28 (-1.12%)
(As of 08/19/2022 04:32 PM ET)
Add
Compare
Today's Range
$288.83
$292.34
50-Day Range
$253.94
$298.47
52-Week Range
$250.62
$363.36
Volume
490,928 shs
Average Volume
387,827 shs
Market Capitalization
$18.89 billion
P/E Ratio
49.07
Dividend Yield
3.00%
Price Target
$308.41

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.28 Rating Score
Upside/​Downside
6.3% Upside
$308.41 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.01
Upright™ Environmental Score
News Sentiment
1.12mentions of Essex Property Trust in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.02%
From $14.47 to $15.63 Per Share

Overall MarketRank

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

2.68 out of 5 stars

Finance Sector

241st out of 896 stocks

Real Estate Investment Trusts Industry

47th out of 194 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on ESS. Piper Sandler decreased their price target on Essex Property Trust from $340.00 to $320.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 20th. Evercore ISI set a $333.00 price objective on shares of Essex Property Trust in a research report on Monday, June 20th. Citigroup upped their price objective on shares of Essex Property Trust to $295.00 in a research report on Tuesday, August 9th. Scotiabank decreased their price objective on shares of Essex Property Trust from $340.00 to $333.00 in a research report on Thursday, May 19th. Finally, Capital One Financial restated an "equal weight" rating on shares of Essex Property Trust in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $308.41.

Essex Property Trust Trading Down 1.1 %

ESS Stock traded down $3.16 on Friday, reaching $290.13. The company's stock had a trading volume of 3,234 shares, compared to its average volume of 392,770. The business has a fifty day simple moving average of $271.27 and a two-hundred day simple moving average of $304.72. Essex Property Trust has a 12-month low of $250.62 and a 12-month high of $363.36. The firm has a market cap of $18.89 billion, a PE ratio of 49.63, a PEG ratio of 3.23 and a beta of 0.77. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.30 and a current ratio of 1.30.

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ESS Stock News Headlines

These Stocks Cut You a Quarterly Paycheck
Essex Property Lowers FY22 EPS Outlook
ESS: Lowering target price to $272.00
Essex Property Trust: Nearly Recovered From COVID
Essex Property Trust declares $2.20 dividend
See More Headlines
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ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/19/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

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
$308.41
High Stock Price Forecast
$359.00
Low Stock Price Forecast
$235.00
Forecasted Upside/Downside
+6.3%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
19 Analysts

Profitability

Net Income
$488.55 million
Pretax Margin
26.99%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$13.75 per share
Book Value
$92.23 per share

Miscellaneous

Free Float
62,714,000
Market Cap
$18.89 billion
Optionable
Optionable
Beta
0.77

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
    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 research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.
View ESS analyst ratings
or view top-rated stocks.

What is Essex Property Trust's stock price forecast for 2022?

19 Wall Street analysts have issued 1 year price targets for Essex Property Trust's stock. Their ESS share price forecasts range from $235.00 to $359.00. On average, they predict the company's stock price to reach $308.41 in the next twelve months. This suggests a possible upside of 5.2% 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 at the beginning of 2022. Since then, ESS stock has decreased by 16.7% and is now trading at $293.29.
View the best growth stocks for 2022 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 806,300 shares, a decline 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. Currently, 1.3% of the company's shares are sold short.
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 Tuesday, October 25th 2022.
View our ESS earnings forecast
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) released its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior 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 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 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, June 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 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 56.30% 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 FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $14.35-$14.55 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 International (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 number of retail and institutional investors. Top institutional investors include State Street Corp (7.99%), Principal Financial Group Inc. (4.62%), FMR LLC (1.92%), Price T Rowe Associates Inc. MD (1.67%), Northern Trust Corp (1.47%) and JPMorgan Chase & Co. (1.23%). 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.
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 $293.29.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $19.10 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.

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 8/19/2022 by MarketBeat.com Staff

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