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Essex Property Trust Stock Price, News & Analysis (NYSE:ESS)

$331.30
+2.64 (+0.80 %)
(As of 10/20/2019 04:00 PM ET)
Today's Range
$328.54
Now: $331.30
$331.66
50-Day Range
$319.19
MA: $325.90
$333.26
52-Week Range
$235.51
Now: $331.30
$333.32
Volume229,495 shs
Average Volume295,372 shs
Market Capitalization$21.78 billion
P/E Ratio26.36
Dividend Yield2.37%
Beta0.33
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$1.40 billion
Cash Flow$12.97 per share
Book Value$96.78 per share

Profitability

Net Income$390.15 million

Miscellaneous

Employees1,826
Market Cap$21.78 billion
Next Earnings Date10/23/2019 (Confirmed)
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 Friday, September 6th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.95 per share on Tuesday, October 15th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Friday, September 27th. View Essex Property Trust's Dividend History.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust Inc (NYSE:ESS) posted its quarterly earnings data on Wednesday, July, 24th. The real estate investment trust reported $1.40 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $3.26 by $1.86. The real estate investment trust had revenue of $361.64 million for the quarter, compared to the consensus estimate of $358.15 million. Essex Property Trust had a return on equity of 6.43% and a net margin of 28.83%. During the same quarter in the prior year, the business earned $3.14 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, October 23rd 2019. View Earnings Estimates for Essex Property Trust.

How can I listen to Essex Property Trust's earnings call?

Essex Property Trust will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Essex Property Trust issued an update on its FY19 earnings guidance on Wednesday, July, 24th. The company provided earnings per share guidance of $13.19-13.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $13.14.

What price target have analysts set for ESS?

15 brokerages have issued 12-month price objectives for Essex Property Trust's shares. Their predictions range from $255.00 to $354.00. On average, they anticipate Essex Property Trust's stock price to reach $303.04 in the next year. This suggests that the stock has a possible downside of 8.5%. View Analyst Price Targets for Essex Property Trust.

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Essex Property Trust.

Has Essex Property Trust been receiving favorable news coverage?

News coverage about ESS stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Essex Property Trust earned a news impact score of 0.8 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Essex Property Trust.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,130,000 shares, an increase of 34.9% from the August 30th total of 837,700 shares. Based on an average daily volume of 309,800 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.7% of the company's stock are sold short. 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), Mcdonald's (MCD), Visa (V), Paypal (PYPL), Boeing (BA), Gilead Sciences (GILD), Intel (INTC), Netflix (NFLX), Walt Disney (DIS) and Mastercard (MA).

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 a variety of of retail and institutional investors. Top institutional shareholders include Resolution Capital Ltd (0.76%), Duff & Phelps Investment Management Co. (0.27%), Hexavest Inc. (0.19%), CIBC Private Wealth Group LLC (0.08%), State of Alaska Department of Revenue (0.07%) and Robeco Institutional Asset Management B.V. (0.07%). Company insiders that own Essex Property Trust stock include Adam W Berry, Angela L Kleiman, Byron A Scordelis, Craig K Zimmerman, Gary P Martin, Glenn Olnick, 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 Duff & Phelps Investment Management Co., Hexavest Inc., Gateway Investment Advisers LLC, Stephens Inc. AR, Spirit of America Management Corp NY, Meeder Asset Management Inc., Manning & Napier Group LLC and Oakbrook Investments LLC. Company insiders that have sold Essex Property Trust company stock in the last year include Adam W Berry, Angela L Kleiman, Byron A Scordelis, 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 bought by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Northpointe Capital LLC, Nisa Investment Advisors LLC, State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Clear Street Markets LLC, Park Avenue Securities LLC and Envestnet Asset Management Inc.. 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 $331.30.

How big of a company is Essex Property Trust?

Essex Property Trust has a market capitalization of $21.78 billion and generates $1.40 billion in revenue each year. The real estate investment trust earns $390.15 million in net income (profit) each year or $12.57 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:  620 (Vote Outperform)
Underperform Votes:  734 (Vote Underperform)
Total Votes:  1,354
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 10/20/2019 by MarketBeat.com Staff

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