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NYSE:ESS

Essex Property Trust Stock Forecast, Price & News

$204.11
+5.13 (+2.58 %)
(As of 09/28/2020 06:54 AM ET)
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Today's Range
$198.08
Now: $204.11
$204.35
50-Day Range
$198.98
MA: $217.04
$224.26
52-Week Range
$175.81
Now: $204.11
$334.17
Volume296,100 shs
Average Volume506,839 shs
Market Capitalization$13.31 billion
P/E Ratio21.46
Dividend Yield4.07%
Beta0.6
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.
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Essex Property Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.2Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.59 out of 5 stars


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$12.50 per share
Book Value$96.90 per share

Profitability

Net Income$439.29 million

Miscellaneous

Employees1,822
Market Cap$13.31 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$204.11
+5.13 (+2.58 %)
(As of 09/28/2020 06:54 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 COVID-19 (Coronavirus)?

Essex Property Trust's stock was trading at $277.54 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ESS shares have decreased by 26.5% and is now trading at $204.11.
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
.

When is Essex Property Trust's next earnings date?

Essex Property Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Essex Property Trust
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) released its earnings results on Monday, August, 3rd. The real estate investment trust reported $1.29 EPS for the quarter, missing the Zacks' consensus estimate of $3.30 by $2.01. Essex Property Trust had a net margin of 41.70% and a return on equity of 9.81%. During the same period last year, the company earned $3.33 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, September 2nd. Stockholders 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 4.07%. The ex-dividend date is Tuesday, September 29th.
View Essex Property Trust's dividend history
.

What price target have analysts set for ESS?

16 brokers have issued twelve-month price targets for Essex Property Trust's stock. Their forecasts range from $210.00 to $355.00. On average, they anticipate Essex Property Trust's share price to reach $282.31 in the next twelve months. This suggests a possible upside of 38.3% 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 decline in short interest in September. As of September 15th, there was short interest totaling 1,010,000 shares, a decline of 14.4% from the August 31st total of 1,180,000 shares. Based on an average daily trading volume, of 419,700 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.6% of the shares of the company 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), Cisco Systems (CSCO), Realty Income (O), AbbVie (ABBV), 3M (MMM), Simon Property Group (SPG), CROWN CASTLE IN/SH SH (CCI), Johnson & Johnson (JNJ) and Pfizer (PFE).

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 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)

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 shareholders include Vanguard Group Inc. (16.21%), Principal Financial Group Inc. (3.32%), FMR LLC (1.22%), Sumitomo Mitsui Trust Holdings Inc. (0.99%), Charles Schwab Investment Management Inc. (0.93%) and California Public Employees Retirement System (0.85%). 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 institutional investors are selling Essex Property Trust stock?

ESS stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., Charles Schwab Investment Management Inc., Principal Financial Group Inc., Duff & Phelps Investment Management Co., Federated Hermes Inc., and Great West Life Assurance Co. Can. 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 institutional investors are buying Essex Property Trust stock?

ESS stock was bought by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Russell Investments Group Ltd., Canada Pension Plan Investment Board, Sumitomo Mitsui Trust Holdings Inc., Lasalle Investment Management Securities LLC, Nordea Investment Management AB, State of Tennessee Treasury Department, and Sei Investments Co..
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 $204.11.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $13.31 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 9/28/2020 by MarketBeat.com Staff

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