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. $226.57 -3.77 (-1.64%) (As of 02/6/2023 12:00 AM ET) Add Compare Share Share Today's Range$225.39▼$227.7250-Day Range$205.88▼$236.9352-Week Range$205.24▼$363.36Volume460,848 shsAverage Volume525,956 shsMarket Capitalization$14.67 billionP/E Ratio41.05Dividend Yield3.82%Price Target$254.85 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Essex Property Trust MarketRank™ ForecastAnalyst RatingHold2.15 Rating ScoreUpside/Downside12.5% Upside$254.85 Price TargetShort InterestHealthy1.10% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.41Upright™ Environmental ScoreNews Sentiment1.27Based on 6 Articles This WeekInsider TradingAcquiring Shares$109,220 Bought Last QuarterProj. Earnings Growth4.90%From $14.49 to $15.20 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.3.02 out of 5 starsFinance Sector41st out of 850 stocksReal Estate Investment Trusts Industry8th out of 189 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 $254.85, Essex Property Trust has a forecasted upside of 12.5% from its current price of $226.57.Amount of Analyst CoverageEssex Property Trust has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.10% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Essex Property Trust has recently increased by 26.67%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 3.82%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEssex Property Trust has been increasing its dividend for 29 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 159.42%. 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 57.89% 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 4.0 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 1.27. 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 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Essex Property Trust this week, compared to 4 articles on an average week.Search Interest16 people have searched for ESS on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.MarketBeat Follows10 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $109,220.00 in company stock and sold $0.00 in 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 4.90% in the coming year, from $14.49 to $15.20 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 41.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 41.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 186.00.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 2.15. 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 2.39. 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 6, 2023 | americanbankingnews.comEssex Property Trust (ESS) Set to Announce Quarterly Earnings on TuesdayFebruary 3, 2023 | finance.yahoo.comWhat's in Store for Essex Property (ESS) in Q4 Earnings?February 7, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. February 3, 2023 | morningstar.com9 Undervalued REIT StocksFebruary 3, 2023 | finance.yahoo.comA Housing Downturn Could Fuel Gains for these REITsJanuary 31, 2023 | finance.yahoo.comEssex Property Trust Recognized in Newsweek’s 2023 List of America’s Most Responsible Companies and Bloomberg’s 2023 Gender-Equality IndexJanuary 30, 2023 | americanbankingnews.comShort Interest in Essex Property Trust, Inc. (NYSE:ESS) Rises By 26.7%January 30, 2023 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Receives Consensus Recommendation of "Hold" from AnalystsFebruary 7, 2023 | Investing Trends (Ad)Profit From the Commercial Solar Boom?Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered. January 26, 2023 | seekingalpha.comEssex Property's 4.1% Dividend Yield Is Top ValueJanuary 25, 2023 | marketwatch.comEssex Property Trust Inc. stock underperforms Wednesday when compared to competitorsJanuary 24, 2023 | marketwatch.comEssex Property Trust Inc. stock rises Tuesday, outperforms marketJanuary 23, 2023 | finance.yahoo.comThese 2 Apartment REITs Are Shouting "Buy Me." Which Is Shouting Louder?January 23, 2023 | seekingalpha.comEssex Property: Derailed By The Fed's RampageJanuary 22, 2023 | seekingalpha.comEssex Property Trust: Great Long-Term REIT, Still Some Near-Term QuestionsJanuary 20, 2023 | finance.yahoo.com1 Top Multifamily Real Estate Stock to Buy in JanuaryJanuary 19, 2023 | finance.yahoo.comESS: Lowering target price to $228.00January 17, 2023 | finance.yahoo.comEssex Reports Characteristics of 2022 DividendsJanuary 17, 2023 | finance.yahoo.com5 Must-Buy REITs for Your January Buy ListJanuary 12, 2023 | seekingalpha.comEssex Property Trust Is Clearly The Best Bargain When It Comes To Residential REITsJanuary 6, 2023 | finance.yahoo.comEssex Announces Release and Conference Call Dates for Its Fourth Quarter 2022 EarningsJanuary 6, 2023 | finance.yahoo.comWith A Return On Equity Of 6.5%, Has Essex Property Trust, Inc.'s (NYSE:ESS) Management Done Well?January 3, 2023 | benzinga.comEssex Property Trust Stock (NYSE:ESS), DividendsJanuary 3, 2023 | thestreet.comEssex Property Stock Hits New 52-Week High (ESS)December 16, 2022 | msn.comWhat To Know About JP Morgan's Downgrade of Essex Property TrustDecember 15, 2022 | marketwatch.comEssex Property Trust Inc. stock outperforms competitors despite losses on the dayDecember 14, 2022 | marketwatch.comEssex Property Trust Inc. stock falls Wednesday, underperforms marketSee 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 Payable1/13/2023Today2/06/2023Next Earnings (Confirmed)2/07/2023Fiscal 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) 655-7800Fax650-494-8743Employees1,757Year FoundedN/APrice Target and Rating Average Stock Price Forecast$254.85 High Stock Price Forecast$320.00 Low Stock Price Forecast$211.00 Forecasted Upside/Downside+12.5%Consensus RatingHold Rating Score (0-4)2.15 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)$5.52 Trailing P/E Ratio41.05 Forward P/E Ratio15.64 P/E Growth2.15Net Income$488.55 million Net Margins23.03% Pretax Margin24.49% Return on Equity4.78% Return on Assets2.27% Debt Debt-to-Equity Ratio1.05 Current Ratio1.13 Quick Ratio1.13 Sales & Book Value Annual Sales$1.56 billion Price / Sales9.39 Cash Flow$13.88 per share Price / Cash Flow16.32 Book Value$94.89 per share Price / Book2.39Miscellaneous Outstanding Shares64,754,000Free Float62,358,000Market Cap$14.67 billion OptionableOptionable Beta0.75 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:CPTMid-America Apartment CommunitiesNYSE:MAASun CommunitiesNYSE:SUIView All CompetitorsInsiders & InstitutionsAsset Management One Co. Ltd.Bought 7,815 shares on 2/6/2023Ownership: 0.229%Los Angeles Capital Management LLCBought 1,837 shares on 2/6/2023Ownership: 0.020%Parallel Advisors LLCSold 279 shares on 2/6/2023Ownership: 0.002%Clifford Swan Investment Counsel LLCSold 187 shares on 2/3/2023Ownership: 0.015%Securian Asset Management Inc.Sold 289 shares on 2/3/2023Ownership: 0.008%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 brokers have issued 1-year price targets for Essex Property Trust's shares. Their ESS share price forecasts range from $211.00 to $320.00. On average, they anticipate the company's share price to reach $254.85 in the next twelve months. This suggests a possible upside of 11.9% 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 the year. Since then, ESS stock has increased by 7.4% and is now trading at $227.70. View the best growth stocks for 2023 here. Are investors shorting Essex Property Trust? Essex Property Trust saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 704,300 shares, an increase of 26.7% from the December 31st total of 556,000 shares. Based on an average daily volume of 559,600 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the company's shares are sold short. View Essex Property Trust's Short Interest. When is Essex Property Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023. View our ESS earnings forecast. How can I listen to Essex Property Trust's earnings call? Essex Property Trust will be holding an earnings conference call on Wednesday, February 8th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13735125". How were Essex Property Trust's earnings last quarter? Essex Property Trust, Inc. (NYSE:ESS) released its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.35 by $2.23. Essex Property Trust had a net margin of 23.03% and a trailing twelve-month return on equity of 4.78%. During the same period last year, the business earned $3.07 earnings per share. 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 announced a quarterly dividend on Friday, December 9th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $2.20 per share on Friday, January 13th. This represents a $8.80 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, December 30th. Read our dividend analysis for ESS. 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 3.82%. The company 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 is 159.42%. 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 57.89% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ESS. 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 a variety of retail and institutional investors. Top institutional investors include ProShare Advisors LLC (1.14%), Sumitomo Mitsui Trust Holdings Inc. (0.98%), Lasalle Investment Management Securities LLC (0.76%), Asset Management One Co. Ltd. (0.23%), Strs Ohio (0.16%) and New York State Common Retirement Fund (0.13%). 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 $227.70. How much money does Essex Property Trust make? Essex Property Trust (NYSE:ESS) has a market capitalization of $14.74 billion and generates $1.56 billion in revenue each year. The real estate investment trust earns $488.55 million in net income (profit) each year or $5.52 on an earnings per share basis. How many employees does Essex Property Trust have? The company 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 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 2/7/2023 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. 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