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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:ESS

Essex Property Trust Stock Forecast, Price & News

$266.73
+5.22 (+2.00%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$261.71
$267.80
50-Day Range
$253.94
$348.09
52-Week Range
$250.62
$363.36
Volume
515,099 shs
Average Volume
495,671 shs
Market Capitalization
$17.43 billion
P/E Ratio
44.16
Dividend Yield
3.30%
Price Target
$317.56

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.26 Rating Score
Upside/​Downside
19.1% Upside
$317.56 Price Target
Short Interest
Healthy
1.22% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.01
Upright™ Environmental Score
News Sentiment
0.72mentions of Essex Property Trust in the last 14 days
Based on 24 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.40%
From $14.17 to $15.36 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.62 out of 5 stars

Finance Sector

126th out of 1,392 stocks

Real Estate Investment Trusts Industry

14th out of 235 stocks

30 days | 90 days | 365 days | Advanced Chart

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Essex Property Trust 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.

ESS Stock News Headlines

ESS: Lowering target price to $272.00
Essex Property Trust (NYSE:ESS) PT Lowered to $352.00
Essex Property Trust: Nearly Recovered From COVID
Essex Property Trust declares $2.20 dividend
Essex Property Trust Misses Q1 EPS by 9c
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
4/26/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Today
7/03/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$317.56
High Stock Price Forecast
$370.00
Low Stock Price Forecast
$235.00
Forecasted Upside/Downside
+19.1%
Consensus Rating
Hold
Rating Score (0-4)
2.26315789473684
Research Coverage
19 Analysts

Profitability

Net Income
$488.55 million
Pretax Margin
28.43%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$14.11 per share
Book Value
$94.89 per share

Miscellaneous

Free Float
62,916,000
Market Cap
$17.43 billion
Optionable
Optionable
Beta
0.76

Social Links















Essex Property Trust 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" Essex Property Trust stock. 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 analyst ratings for Essex Property Trust
or view top-rated stocks.

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

19 analysts have issued 1-year price objectives for Essex Property Trust's shares. Their ESS stock forecasts range from $235.00 to $370.00. On average, they predict Essex Property Trust's stock price to reach $317.56 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
View analysts' price targets for Essex Property Trust
or view top-rated stocks among Wall Street analysts.

How has Essex Property Trust's stock price performed in 2022?

Essex Property Trust's stock was trading at $352.23 at the beginning of 2022. Since then, ESS shares have decreased by 24.3% and is now trading at $266.73.
View the best growth stocks for 2022 here
.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Essex Property Trust
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) issued its quarterly earnings data on Tuesday, April, 26th. The real estate investment trust reported $1.12 EPS 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 5.25% and a net margin of 26.81%. During the same quarter in the prior year, the firm earned $3.07 earnings per share.
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, May 11th. Shareholders 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 yield of 3.30%. The ex-dividend date of this dividend is Wednesday, June 29th.
View Essex Property Trust's dividend history
.

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 3.30%. Essex Property Trust 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 of Essex Property Trust is 145.70%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Essex Property Trust will have a dividend payout ratio of 57.29% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend.
View Essex Property Trust's dividend history.

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

Essex Property Trust issued an update on its second quarter 2022 earnings guidance on Tuesday, June, 28th. The company provided earnings per share (EPS) guidance of $3.55-$3.61 for the period. The company issued revenue guidance of -.

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the following people:

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

236 employees have rated Essex Property Trust CEO Michael Schall on Glassdoor.com. Michael Schall has an approval rating of 95% among Essex Property Trust'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."

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 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 $266.73.

How much money does Essex Property Trust make?

Essex Property Trust (NYSE:ESS) has a market capitalization of $17.43 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 $6.039990 on an earnings per share basis.

How many employees does Essex Property Trust have?

Essex Property Trust 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 Essex Property Trust 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 7/3/2022 by MarketBeat.com Staff

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