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NYSE:ESS

Essex Property Trust - ESS Stock Forecast, Price & News

$208.58
+1.39 (+0.67%)
(As of 03/20/2023 05:17 PM ET)
Add
Compare
Today's Range
$205.79
$210.07
50-Day Range
$207.19
$239.22
52-Week Range
$205.24
$363.36
Volume
381,333 shs
Average Volume
565,435 shs
Market Capitalization
$13.46 billion
P/E Ratio
33.21
Dividend Yield
4.22%
Price Target
$256.15

Essex Property Trust MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
22.8% Upside
$256.15 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.41
Upright™ Environmental Score
News Sentiment
1.34mentions of Essex Property Trust in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.76%
From $14.88 to $15.44 Per Share

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 stars

Finance Sector

184th out of 876 stocks

Real Estate Investment Trusts Industry

32nd out of 192 stocks


ESS stock logo

About Essex Property Trust (NYSE:ESS) Stock

Essex 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.

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ESS Stock News Headlines

REITS 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.
This Trade Strategy Outpaces Almost Anything
Despite 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. pixel
This Trade Strategy Outpaces Almost Anything
Despite 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. pixel
Essex Property Trust (NYSE:ESS) PT Raised to $255.00
Analyst Expectations for Essex Property Trust's Future
3 Top Multifamily REIT Stocks to Buy in March
3 REITs With Safe Yields Above 4%
Essex Property Trust raises dividend by 5% to $2.31/share
What's in Store for Essex Property (ESS) in Q4 Earnings?
9 Undervalued REIT Stocks
A Housing Downturn Could Fuel Gains for these REITs
See More Headlines
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ESS Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 1/13 Dividend
12/30/2022
Dividend Payable
1/13/2023
Today
3/20/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
29717810
Employees
1,772
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
20 Analysts

Profitability

Net Income
$408.32 million
Pretax Margin
26.95%

Debt

Sales & Book Value

Annual Sales
$1.61 billion
Cash Flow
$14.83 per share
Book Value
$91.04 per share

Miscellaneous

Free Float
62,131,000
Market Cap
$13.46 billion
Optionable
Optionable
Beta
0.74

Social Links


Key Executives

  • Michael J. SchallMichael J. Schall
    President, Chief Executive Officer & Director
  • Angela L. KleimanAngela L. Kleiman
    Chief Operating Officer, Director & Executive VP
  • Barb M. Pak
    Chief Financial Officer & Executive Vice President
  • Adam W. BerryAdam W. Berry
    Chief Investment Officer & Executive VP
  • Anne Morrison
    Secretary, Senior Vice President & General Counsel













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
.

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