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NYSE:ESS - Essex Property Trust Stock Price, Forecast & News

$326.11
+4.48 (+1.39 %)
(As of 02/20/2020 04:00 PM ET)
Today's Range
$319.70
Now: $326.11
$326.73
50-Day Range
$296.33
MA: $309.39
$324.17
52-Week Range
$271.58
Now: $326.11
$334.17
Volume377,484 shs
Average Volume519,953 shs
Market Capitalization$21.55 billion
P/E Ratio48.89
Dividend Yield2.41%
Beta0.32
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 245 apartment communities with an additional 6 properties in various stages of active development.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.46 billion
Cash Flow$14.06 per share
Book Value$96.90 per share

Profitability

Net Income$439.29 million

Miscellaneous

Employees1,826
Market Cap$21.55 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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Essex Property Trust (NYSE:ESS) Frequently Asked Questions

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 often does Essex Property Trust pay dividends? What is the dividend yield for Essex Property Trust?

Essex Property Trust declared a quarterly dividend on Monday, December 16th. Investors of record on Thursday, January 2nd will be paid a dividend of $1.95 per share on Wednesday, January 15th. This represents a $7.80 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, December 31st. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) announced its earnings results on Wednesday, January, 29th. The real estate investment trust reported $1.95 earnings per share for the quarter, missing the Zacks' consensus estimate of $3.42 by $1.47. The real estate investment trust earned $375.37 million during the quarter, compared to the consensus estimate of $373.65 million. Essex Property Trust had a net margin of 30.08% and a return on equity of 6.90%. During the same period in the prior year, the business earned $3.19 EPS. View Essex Property Trust's Earnings History.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Essex Property Trust.

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

Essex Property Trust issued an update on its FY20 earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of $13.74-$14.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $14.00.

What price target have analysts set for ESS?

13 Wall Street analysts have issued 1 year target prices for Essex Property Trust's shares. Their forecasts range from $295.00 to $355.00. On average, they expect Essex Property Trust's share price to reach $333.25 in the next year. This suggests a possible upside of 2.2% from the stock's current price. View Analyst Price Targets for Essex Property Trust.

What is the consensus analysts' recommendation for Essex Property Trust?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 1 sell rating, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

Press coverage about ESS stock has trended extremely negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Essex Property Trust earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Essex Property Trust.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a decrease in short interest in the month of January. As of January 15th, there was short interest totalling 952,500 shares, a decrease of 17.2% from the December 31st total of 1,150,000 shares. Based on an average daily volume of 375,600 shares, the short-interest ratio is currently 2.5 days. Currently, 1.5% of the company's stock are short sold. View Essex Property Trust's Current Options Chain.

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 Cisco Systems (CSCO), AT&T (T), Mcdonald's (MCD), Activision Blizzard (ATVI), Intel (INTC), Boeing (BA), Walt Disney (DIS), Mastercard (MA), Starbucks (SBUX) and Visa (V).

Who are Essex Property Trust's key executives?

Essex Property Trust's management team includes the folowing people:
  • Mr. Michael J. Schall CPA, Pres, CEO & Director (Age 62)
  • Ms. Angela L. Kleiman, Exec. VP & CFO (Age 48)
  • Mr. John D. Eudy, Exec. VP of Devel. & Co-Chief Investment Officer (Age 64)
  • Mr. Craig K. Zimmerman, Exec. VP of Acquisitions & Co-Chief Investment Officer (Age 68)
  • Mr. John F. Burkart, Sr. EVP of Asset Management (Age 55)

Who are Essex Property Trust's major shareholders?

Essex Property Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (7.64%), Cohen & Steers Inc. (6.75%), Principal Financial Group Inc. (3.27%), Daiwa Securities Group Inc. (2.29%), Geode Capital Management LLC (2.11%) and FMR LLC (1.64%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Glenn Olnick, 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 PGGM Investments, Cohen & Steers Inc., Boston Partners, State Street Corp, Daiwa Securities Group Inc., FMR LLC, Renaissance Technologies LLC and Hexavest Inc.. Company insiders that have sold Essex Property Trust company stock in the last year 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 Insider Buying and Selling for Essex Property Trust.

Which major investors are buying Essex Property Trust stock?

ESS stock was purchased by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Johanson Financial Advisors Inc., Amundi Pioneer Asset Management Inc., Geode Capital Management LLC, Echo Street Capital Management LLC, Summit Global Investments, UBS Group AG and Barclays PLC. View Insider Buying and Selling 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 $326.11.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $21.55 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 1,826 workers across the globe.View Additional Information About Essex Property Trust.

What is Essex Property Trust's official website?

The official website for Essex Property Trust is http://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]


MarketBeat Community Rating for Essex Property Trust (NYSE ESS)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  644 (Vote Outperform)
Underperform Votes:  786 (Vote Underperform)
Total Votes:  1,430
MarketBeat's community ratings are surveys of what our community members think about Essex Property Trust and other stocks. Vote "Outperform" if you believe ESS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ESS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/20/2020 by MarketBeat.com Staff

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