NYSE:ESS Essex Property Trust - ESS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Essex Property Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $208.58 +1.39 (+0.67%) (As of 03/20/2023 05:17 PM ET) Add Compare Share Share Today's Range$205.79▼$210.0750-Day Range$207.19▼$239.2252-Week Range$205.24▼$363.36Volume381,333 shsAverage Volume565,435 shsMarket Capitalization$13.46 billionP/E Ratio33.21Dividend Yield4.22%Price Target$256.15 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Essex Property Trust MarketRank™ ForecastAnalyst RatingHold2.15 Rating ScoreUpside/Downside22.8% Upside$256.15 Price TargetShort InterestHealthy1.61% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.41Upright™ Environmental ScoreNews Sentiment1.34Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth3.76%From $14.88 to $15.44 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.90 out of 5 starsFinance Sector184th out of 876 stocksReal Estate Investment Trusts Industry32nd out of 192 stocks 3.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.15, and is based on 6 buy ratings, 11 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $256.15, Essex Property Trust has a forecasted upside of 22.8% from its current price of $208.58.Amount of Analyst CoverageEssex Property Trust has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.61% of the float of Essex Property Trust has been sold short.Short Interest Ratio / Days to CoverEssex Property Trust has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Essex Property Trust has recently decreased by 3.74%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEssex Property Trust has been increasing its dividend for 30 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 140.13%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Essex Property Trust will have a dividend payout ratio of 56.99% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 2.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEssex Property Trust has received a 18.45% net impact score from Upright. Essex Property seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in apartment buildings", "Real estate funds investing in rental apartments", and "Real estate development services of apartment buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for Essex Property Trust is -3.41. Previous Next 3.5 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Essex Property Trust this week, compared to 5 articles on an average week.Search InterestOnly 15 people have searched for ESS on MarketBeat in the last 30 days. This is a decrease of -32% compared to the previous 30 days.MarketBeat Follows8 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.70% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions91.76% of the stock of Essex Property Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 3.76% in the coming year, from $14.88 to $15.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 33.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 33.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 139.13.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 2.14. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEssex Property Trust has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Essex Property Trust (NYSE:ESS) StockEssex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.Read More Receive ESS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Essex Property Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESS Stock News HeadlinesFebruary 27, 2023 | marketbeat.comREITS to Consider as U.S. Housing Market Tumbles (ESS)Investors could use these market discrepancies to gain some exposure to these dynamics through California/New York and Carolinas/Texas/Florida based REITs.March 20, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Earns Hold Rating from Analysts at StockNews.comMarch 20, 2023 | Investing Daily (Ad)This Trade Strategy Outpaces Almost AnythingDespite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. March 19, 2023 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Receives $253.84 Average Target Price from BrokeragesMarch 17, 2023 | marketwatch.comEssex Property Trust Inc. stock falls Thursday, underperforms marketMarch 14, 2023 | marketwatch.comEssex Property Trust Inc. stock rises Tuesday, still underperforms marketMarch 14, 2023 | finance.yahoo.comInvestors one-year losses continue as Essex Property Trust (NYSE:ESS) dips a further 8.8% this week, earnings continue to declineMarch 13, 2023 | marketwatch.comEssex Property Trust Inc. stock underperforms Monday when compared to competitors despite daily gainsMarch 20, 2023 | Investing Daily (Ad)This Trade Strategy Outpaces Almost AnythingDespite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. March 11, 2023 | americanbankingnews.comEssex Property Trust (NYSE:ESS) PT Raised to $255.00March 3, 2023 | finance.yahoo.comEssex Property Trust to Present at The 2023 Citigroup Global Property CEO ConferenceMarch 1, 2023 | markets.businessinsider.comAnalyst Expectations for Essex Property Trust's FutureMarch 1, 2023 | finance.yahoo.com3 Top Multifamily REIT Stocks to Buy in MarchMarch 1, 2023 | theglobeandmail.com3 REITs With Safe Yields Above 4%February 28, 2023 | seekingalpha.comEssex Property Trust: The First Apartment REIT I Plan To Add To My Roth IRAFebruary 28, 2023 | seekingalpha.comEssex Property Trust: Undervalued With Double Digit Expected ReturnFebruary 25, 2023 | seekingalpha.comEssex Property Trust raises dividend by 5% to $2.31/shareFebruary 23, 2023 | finance.yahoo.comEssex Announces its 29th Consecutive Annual Dividend IncreaseFebruary 10, 2023 | finance.yahoo.comEssex Property Trust, Inc.: Essex Reports High Revenue Growth in Fourth Quarter but Anticipates a Slowdown in 2023February 9, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: Prudential Financial (PRU) and Essex Property (ESS)February 8, 2023 | msn.comThe Latest Analyst Ratings for Essex Property TrustFebruary 8, 2023 | finance.yahoo.comEssex Property (ESS) Tops Q4 FFO, Guides '23 Below ExpectationFebruary 8, 2023 | finance.yahoo.comEssex Announces Fourth Quarter and Full-Year 2022 Results and 2023 GuidanceFebruary 7, 2023 | msn.comEssex Property Trust 2023, Q1 guidance trails consensus; Q4 2022 earnings beatFebruary 3, 2023 | finance.yahoo.comWhat's in Store for Essex Property (ESS) in Q4 Earnings?February 3, 2023 | morningstar.com9 Undervalued REIT StocksFebruary 3, 2023 | finance.yahoo.comA Housing Downturn Could Fuel Gains for these REITsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ESS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Essex Property Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESS Company Calendar Last Earnings4/26/2022Ex-Dividend for 1/13 Dividend12/30/2022Dividend Payable1/13/2023Today3/20/2023Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Next Earnings (Estimated)4/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryResidential REITs SectorFinance Current SymbolNYSE:ESS CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone(650) 655-7800Fax650-494-8743Employees1,772Year FoundedN/APrice Target and Rating Average Stock Price Forecast$256.15 High Stock Price Forecast$320.00 Low Stock Price Forecast$211.00 Forecasted Upside/Downside+22.8%Consensus RatingHold Rating Score (0-4)2.15 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$6.28 Trailing P/E Ratio33.21 Forward P/E Ratio14.02 P/E Growth2.14Net Income$408.32 million Net Margins25.41% Pretax Margin26.95% Return on Equity6.83% Return on Assets3.25% Debt Debt-to-Equity Ratio1.01 Current Ratio0.88 Quick Ratio0.88 Sales & Book Value Annual Sales$1.61 billion Price / Sales8.38 Cash Flow$14.83 per share Price / Cash Flow14.06 Book Value$91.04 per share Price / Book2.29Miscellaneous Outstanding Shares64,520,000Free Float62,131,000Market Cap$13.46 billion OptionableOptionable Beta0.74 Social Links Key ExecutivesMichael J. SchallPresident, Chief Executive Officer & DirectorAngela L. KleimanChief Operating Officer, Director & Executive VPBarb M. PakChief Financial Officer & Executive Vice PresidentAdam W. BerryChief Investment Officer & Executive VPAnne MorrisonSecretary, Senior Vice President & General CounselKey CompetitorsUDRNYSE:UDREquity LifeStyle PropertiesNYSE:ELSCamden Property TrustNYSE:CPTSun CommunitiesNYSE:SUIMid-America Apartment CommunitiesNYSE:MAAView All CompetitorsInsiders & InstitutionsClaro Advisors LLCBought 50 shares on 3/13/2023Ownership: 0.004%Victory Capital Management Inc.Sold 20,648 shares on 3/10/2023Ownership: 0.072%Rockefeller Capital Management L.P.Sold 142 shares on 3/6/2023Ownership: 0.001%Voya Investment Management LLCBought 196 shares on 2/28/2023Ownership: 0.036%Bbjs Financial Advisors LLCBought 1,881 shares on 2/24/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions ESS Stock - Frequently Asked Questions Should I buy or sell Essex Property Trust stock right now? 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 3 sell ratings, 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 2023? 20 brokerages have issued 12-month target prices for Essex Property Trust's shares. Their ESS share price forecasts range from $211.00 to $320.00. On average, they predict the company's stock price to reach $256.15 in the next twelve months. This suggests a possible upside of 22.8% 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 2023? Essex Property Trust's stock was trading at $211.92 at the beginning of 2023. Since then, ESS shares have decreased by 1.6% and is now trading at $208.58. View the best growth stocks for 2023 here. When is Essex Property Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023. View our ESS earnings forecast. How were Essex Property Trust's earnings last quarter? Essex Property Trust, Inc. (NYSE:ESS) posted its quarterly earnings data 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 6.83% and a net margin of 25.41%. During the same period last 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 declared a quarterly dividend on Thursday, February 23rd. Investors of record on Friday, March 31st will be given a dividend of $2.31 per share on Friday, April 14th. This represents a $9.24 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $2.20. Read our dividend analysis for ESS. What ETFs hold Essex Property Trust's stock? ETFs with the largest weight of Essex Property Trust (NYSE:ESS) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT Income ETF (HAUS), Nuveen Short-Term REIT ETF (NURE), iShares Residential and Multisector Real Estate ETF (REZ), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), U.S. Diversified Real Estate ETF (PPTY) and iShares Cohen & Steers REIT ETF (ICF). 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 4.25%. ESS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 140.13%. 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 56.99% 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 first quarter 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of $3.51-$3.63 for the period, compared to the consensus EPS estimate of $3.71. 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 (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 many different retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (4.49%), Norges Bank (3.47%), Geode Capital Management LLC (2.23%), Price T Rowe Associates Inc. MD (1.65%), Legal & General Group Plc (1.43%) and Dimensional Fund Advisors LP (1.39%). Insiders that own company stock include Adam W Berry, Amal M Johnson, Angela L Kleiman, Barbara Pak, Byron A Scordelis, Irving F Lyons III, Irving F Lyons III, 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 $208.58. How much money does Essex Property Trust make? Essex Property Trust (NYSE:ESS) has a market capitalization of $13.46 billion and generates $1.61 billion in revenue each year. The real estate investment trust earns $408.32 million in net income (profit) each year or $6.28 on an earnings per share basis. How many employees does Essex Property Trust have? The company employs 1,772 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 3/20/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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