Lowest-Rated StocksLowest-RatedNYSE:ESS Essex Property Trust (ESS) Stock Price, News & Analysis → Elon’s New Device is About to Shock the World (From InvestorPlace) (Ad) Free ESS Stock Alerts $250.21 +0.41 (+0.16%) (As of 05/3/2024 ET) Add Compare Share Share Today's Range$249.37▼$253.5350-Day Range$225.95▼$249.8052-Week Range$203.85▼$253.53Volume399,522 shsAverage Volume406,695 shsMarket Capitalization$16.07 billionP/E Ratio30.59Dividend Yield3.92%Price Target$247.24 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Essex Property Trust alerts: Email Address Essex Property Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.17 Rating ScoreUpside/Downside1.2% Downside$247.24 Price TargetShort InterestHealthy2.38% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.90Upright™ Environmental ScoreNews Sentiment0.97Based on 28 Articles This WeekInsider TradingN/AProj. Earnings Growth2.63%From $15.21 to $15.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.31 out of 5 starsFinance Sector1035th out of 5,198 stocksReal Estate Investment Trusts Industry151st out of 1,074 stocks 2.1 Analyst's Opinion Consensus RatingEssex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 6 buy ratings, 9 hold ratings, and 3 sell ratings.Amount of Analyst CoverageEssex Property Trust has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.38% 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 3.8, 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 2.70%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 3.99%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEssex Property Trust has been increasing its dividend for 30 years.Dividend CoverageThe dividend payout ratio of Essex Property Trust is 119.80%. 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 62.78% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 2.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEssex Property Trust has received a 14.20% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Apartment leasing services", "Renovation of apartment buildings", and "Student housing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Essex Property Trust is -2.90. Previous Next 2.8 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 0.97. 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 0.54 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 28 news articles for Essex Property Trust this week, compared to 7 articles on an average week.Search InterestOnly 6 people have searched for ESS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 58 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Essex Property Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.80% of the stock of Essex Property Trust is held by insiders.Percentage Held by Institutions96.51% 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 2.63% in the coming year, from $15.21 to $15.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 30.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 30.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.05.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 3.60. 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 2.81. 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 Ad Weiss RatingsThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. So, I decided to give you this heads-up before it’s too late. It’s urgent because it’s what we consider “The #1 Crypto for the AI World.”Learn more about it by watching THIS NOW. About Essex Property Trust Stock (NYSE:ESS)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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.Read More ESS Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ESS Stock News HeadlinesApril 11, 2024 | marketbeat.comBlackstone’s $10 Billion Bet on Property Prices Going Up (ESS)Residential property prices could be on the rise soon, as Blackstone just made a $10 billion bet into the sector, and one other REIT could be next in lineMay 2, 2024 | markets.businessinsider.comEssex Property Trust Q1 FFO RisesMay 4, 2024 | Stansberry Research (Ad)Gold ManiaFormer Goldman VP Reveals Mysterious "Gold Bank" With Huge Upside Potential He says the gains in this should be far greater than just bullion or mining stocks. Some folks had the chance to see 995% the last time we shared this exact "bank". Most people know nothing about it (except the rich and elite).May 2, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: CoStar Group (CSGP) and Essex Property (ESS)May 2, 2024 | finance.yahoo.comEssex Property Trust Inc (ESS) (Q1 2024) Earnings Call Transcript Highlights: Surpassing ...May 2, 2024 | finance.yahoo.comQ1 2024 Essex Property Trust Inc Earnings CallMay 2, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Upgraded to Hold by StockNews.comMay 2, 2024 | gurufocus.comQ1 2024 Essex Property Trust Inc Earnings Call TranscriptMay 4, 2024 | Stansberry Research (Ad)Gold ManiaFormer Goldman VP Reveals Mysterious "Gold Bank" With Huge Upside Potential He says the gains in this should be far greater than just bullion or mining stocks. Some folks had the chance to see 995% the last time we shared this exact "bank". Most people know nothing about it (except the rich and elite).May 1, 2024 | seekingalpha.comEssex Property Trust, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 1, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Rating Reiterated by WedbushApril 30, 2024 | finance.yahoo.comEssex Property Trust Inc (ESS) Surpasses Analyst Expectations with Strong Q1 2024 EarningsApril 30, 2024 | businesswire.comEssex Announces First Quarter 2024 Results and Raises Full-Year 2024 GuidanceApril 30, 2024 | markets.businessinsider.comHere's what to expect from Essex Property Trust's earningsApril 29, 2024 | msn.comEssex Property Trust Q1 2024 Earnings PreviewApril 29, 2024 | markets.businessinsider.comCritical Insights From Essex Property Trust Analyst Ratings: What You Need To KnowApril 28, 2024 | finance.yahoo.com15 States With the Lowest Property Taxes in the USApril 26, 2024 | ca.news.yahoo.comFirst meeting of Essex County Police Service Board-North takes placeApril 26, 2024 | yahoo.comThese North Jersey parks and playgrounds will get upgrades thanks to grantsApril 26, 2024 | msn.comThese North Jersey parks and playgrounds will get upgrades thanks to Green Acres grantsApril 18, 2024 | tmcnet.comAerwave Hires Multifamily Industry Veteran Ed Wolff as President and Chief Revenue OfficerApril 17, 2024 | msn.comEssex County exploring creation of regional industrial parkApril 11, 2024 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Essex Property (ESS)April 9, 2024 | benzinga.comWhat 13 Analyst Ratings Have To Say About Essex Property TrustApril 5, 2024 | businesswire.comEssex Announces Release and Conference Call Dates for Its First Quarter 2024 EarningsApril 5, 2024 | seekingalpha.comEssex Property Trust: A Dividend Aristocrat Worth Buying NowMarch 31, 2024 | fool.comLooking for a Reliable Investment? These 3 REITs Are Less Volatile Than the S&P 500.See More Headlines 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 Company Calendar Last Earnings4/26/2022Ex-Dividend for 4/12 Dividend3/27/2024Dividend Payable4/12/2024Today5/03/2024Next Earnings (Estimated)7/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryResidential REITs Current SymbolNYSE:ESS CUSIP29717810 CIK920522 Webwww.essexapartmenthomes.com Phone(650) 655-7800Fax650-494-8743Employees1,750Year FoundedN/APrice Target and Rating Average Stock Price Target$247.24 High Stock Price Target$291.00 Low Stock Price Target$204.00 Potential Upside/Downside-1.2%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$8.18 Trailing P/E Ratio30.59 Forward P/E Ratio16.45 P/E Growth3.6Net Income$405.83 million Net Margins31.18% Pretax Margin32.92% Return on Equity9.22% Return on Assets4.20% Debt Debt-to-Equity Ratio1.14 Current Ratio3.26 Quick Ratio3.26 Sales & Book Value Annual Sales$1.67 billion Price / Sales9.62 Cash Flow$15.27 per share Price / Cash Flow16.39 Book Value$89.15 per share Price / Book2.81Miscellaneous Outstanding Shares64,210,000Free Float61,766,000Market Cap$16.07 billion OptionableOptionable Beta0.79 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMs. Angela L. Kleiman (Age 53)President, CEO & Director Comp: $3.08MMs. Barbara M. Pak CFA (Age 46)Executive VP & CFO Comp: $1.68MMs. Anne M. Morrison (Age 42)Executive VP, Chief Administrative Officer, General Counsel & Secretary Comp: $1.29MMr. Rylan K. Burns (Age 39)Executive VP & Chief Investment Officer Mr. John Farias (Age 55)Senior VP & Chief Accounting Officer Sudarshana RangacharySenior Vice President of Human ResourcesDmitry TaraschanskySenior Vice President of TransactionsJessica AndersonSenior Vice President of OperationsMr. Paul Burton MorganSenior Vice President of Portfolio Strategy & AnalyticsAngela KralovecSenior Vice President of Investment ManagementMore ExecutivesKey CompetitorsMid-America Apartment CommunitiesNYSE:MAASun CommunitiesNYSE:SUIUDRNYSE:UDREquity LifeStyle PropertiesNYSE:ELSCamden Property TrustNYSE:CPTView All CompetitorsInstitutional OwnershipChevy Chase Trust Holdings LLCSold 295 shares on 5/3/2024Ownership: 0.055%Easterly Investment Partners LLCBought 21,986 shares on 5/3/2024Ownership: 0.034%WealthTrust Asset Management LLCBought 790 shares on 5/3/2024Ownership: 0.005%BI Asset Management Fondsmaeglerselskab A SSold 422 shares on 5/3/2024Ownership: 0.003%Larson Financial Group LLCBought 307 shares on 5/3/2024Ownership: 0.000%View All Institutional Transactions ESS Stock Analysis - Frequently Asked Questions Should I buy or sell Essex Property Trust stock right now? 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There are currently 3 sell ratings, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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 target for 2024? 18 analysts have issued 1 year target prices for Essex Property Trust's shares. Their ESS share price targets range from $204.00 to $291.00. On average, they predict the company's stock price to reach $247.24 in the next year. This suggests that the stock has a possible downside of 1.2%. View analysts price targets for ESS or view top-rated stocks among Wall Street analysts. How have ESS shares performed in 2024? Essex Property Trust's stock was trading at $247.94 at the beginning of the year. Since then, ESS stock has increased by 0.9% and is now trading at $250.21. View the best growth stocks for 2024 here. Are investors shorting Essex Property Trust? Essex Property Trust saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,480,000 shares, an increase of 10.4% from the March 15th total of 1,340,000 shares. Based on an average daily trading volume, of 405,600 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.3% of the shares of the company are short sold. 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 Thursday, July 25th 2024. View our ESS earnings forecast. 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 trailing twelve-month return on equity of 9.22% and a net margin of 31.18%. During the same quarter in the prior year, the company 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 22nd. Stockholders of record on Friday, March 29th will be paid a dividend of $2.45 per share on Friday, April 12th. This represents a $9.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $2.31. Read our dividend analysis for ESS. Is Essex Property Trust a good dividend stock? Essex Property Trust (NYSE:ESS) pays an annual dividend of $9.80 per share and currently has a dividend yield of 3.99%. 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 119.80%. 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 62.78% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ESS. What ETFs hold Essex Property Trust's stock? ETFs with the largest weight of Essex Property Trust (NYSE:ESS) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE), iShares Residential and Multisector Real Estate ETF (REZ), Residential REIT ETF (HAUS), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), Invesco S&P 500 Equal Weight Real Estate ETF (RSPR), FlexShares Global Quality Real Estate Index Fund (GQRE) and iShares Cohen & Steers REIT ETF (ICF). What guidance has Essex Property Trust issued on next quarter's earnings? Essex Property Trust updated its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 3.770-3.890 for the period, compared to the consensus EPS estimate of 3.810. 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). 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 Principal Financial Group Inc. (3.87%), Daiwa Securities Group Inc. (1.55%), Bank of New York Mellon Corp (0.85%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Vest Financial LLC (0.24%) and BNP Paribas Financial Markets (0.17%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:ESS) was last updated on 5/4/2024 by MarketBeat.com Staff From Our PartnersElon to Transform U.S. Economy? 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