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NYSE:ESS

Essex Property Trust Stock Forecast, Price & News

$257.53
+5.06 (+2.00 %)
(As of 11/24/2020 12:00 AM ET)
Add
Compare
Today's Range
$254.97
Now: $257.53
$259.21
50-Day Range
$186.32
MA: $222.73
$262.95
52-Week Range
$175.81
Now: $257.53
$329.74
Volume516,431 shs
Average Volume515,428 shs
Market Capitalization$16.79 billion
P/E Ratio28.21
Dividend Yield3.29%
Beta0.67
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 247 apartment communities comprising approximately 60,000 apartment homes with an additional 7 properties in various stages of active development.
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Essex Property Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.2Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryResidential REITs
SectorFinance
CUSIP29717810
Phone650-655-7800
Employees1,822

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$15.56 per share
Book Value$96.12 per share

Profitability

Net Income$439.29 million

Miscellaneous

Market Cap$16.79 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$257.53
+5.06 (+2.00 %)
(As of 11/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

How has Essex Property Trust's stock price been impacted by Coronavirus (COVID-19)?

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ESS stock has decreased by 7.2% and is now trading at $257.53.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Essex Property Trust?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 2 sell ratings, 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Essex Property Trust
.

What stocks does MarketBeat like better than Essex Property Trust?

Wall Street analysts have given Essex Property Trust a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Essex Property Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Essex Property Trust
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) announced its earnings results on Wednesday, October, 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $3.16 by $2.03. Essex Property Trust had a net margin of 39.89% and a return on equity of 9.46%.
View Essex Property Trust's earnings history
.

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 Wednesday, September 2nd. Shareholders of record on Wednesday, September 30th will be given a dividend of $2.0775 per share on Thursday, October 15th. This represents a $8.31 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Tuesday, September 29th.
View Essex Property Trust's dividend history
.

What price target have analysts set for ESS?

16 brokers have issued 12 month price targets for Essex Property Trust's stock. Their forecasts range from $210.00 to $315.00. On average, they expect Essex Property Trust's stock price to reach $262.71 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts' price targets for Essex Property Trust
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,260,000 shares, an increase of 28.5% from the September 30th total of 980,200 shares. Based on an average trading volume of 419,000 shares, the short-interest ratio is presently 3.0 days. Currently, 1.9% of the company's stock are sold short.
View Essex Property Trust's Short Interest
.

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 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).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the following people:
  • Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 63, Pay $2.8M)
  • Ms. Angela L. Kleiman, Exec. VP & CFO (Age 49, Pay $1.51M)
  • Mr. John F. Burkart, Sr. EVP & COO (Age 56, Pay $1.66M)
  • Mr. Adam W. Berry, Exec. VP & Chief Investment Officer (Age 46, Pay $959.92k)
  • Mr. Craig K. Zimmerman, Advisor (Age 69, Pay $2.71M)
  • Mr. John Farias, Sr. VP & Chief Accounting Officer (Age 51)
  • Mr. Patrick Klein, Exec. VP & CTO
  • Rylan Burns, Director of Investor Relations
  • Ms. Anne Morrison, Sr. VP, Sec. & Gen. Counsel
  • Ms. Deborah J. Jones, Sr. VP of HR (Age 70)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.56%), State Street Corp (7.36%), Principal Financial Group Inc. (3.83%), Daiwa Securities Group Inc. (2.42%), JPMorgan Chase & Co. (1.59%) and UBS Asset Management Americas Inc. (0.88%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Irving F Lyons III, Janice L Sears, John D Eudy, John F Burkart, John Farias and Michael J Schall.
View institutional ownership trends for Essex Property Trust
.

Which major investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., State Street Corp, NN Investment Partners Holdings N.V., AQR Capital Management LLC, Squarepoint Ops LLC, Connor Clark & Lunn Investment Management Ltd., and Allianz Asset Management GmbH. Company insiders that have sold Essex Property Trust company stock in the last year include Craig K Zimmerman, Irving F Lyons III, John F Burkart, John Farias, and Michael J Schall.
View insider buying and selling activity for Essex Property Trust
.

Which major investors are buying Essex Property Trust stock?

ESS stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Boston Partners, ProShare Advisors LLC, Aew Capital Management L P, BlackRock Inc., Daiwa Securities Group Inc., Voloridge Investment Management LLC, and Adelante Capital Management LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Essex Property Trust's stock price today?

One share of ESS stock can currently be purchased for approximately $257.53.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $16.79 billion and generates $1.46 billion in revenue each year. The real estate investment trust earns $439.29 million in net income (profit) each year or $13.38 on an earnings per share basis. Essex Property Trust employs 1,822 workers across the globe.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is 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]

This page was last updated on 11/24/2020 by MarketBeat.com Staff

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