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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?

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

$241.41
+6.07 (+2.58%)
(As of 03/27/2024 ET)
Today's Range
$237.50
$241.52
50-Day Range
$225.59
$245.44
52-Week Range
$198.29
$252.85
Volume
258,616 shs
Average Volume
420,415 shs
Market Capitalization
$15.50 billion
P/E Ratio
38.26
Dividend Yield
4.06%
Price Target
$244.63

Essex Property Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
1.3% Upside
$244.63 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.24
Upright™ Environmental Score
News Sentiment
1.20mentions of Essex Property Trust in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.46%
From $15.05 to $15.57 Per Share

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.

4.66 out of 5 stars

Finance Sector

103rd out of 857 stocks

Real Estate Investment Trusts Industry

14th out of 177 stocks

ESS stock logo

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.

ESS Stock Price History

ESS Stock News Headlines

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Mizuho Upgrades Essex Property Trust (ESS)
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Company Calendar

Last Earnings
4/26/2022
Ex-Dividend for 1/12 Dividend
12/29/2023
Dividend Payable
1/12/2024
Today
3/27/2024
Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
29717810
Employees
1,750
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$244.63
High Stock Price Target
$291.00
Low Stock Price Target
$204.00
Potential Upside/Downside
+1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
18 Analysts

Profitability

Net Income
$405.83 million
Pretax Margin
25.80%

Debt

Sales & Book Value

Annual Sales
$1.67 billion
Cash Flow
$15.10 per share
Book Value
$87.15 per share

Miscellaneous

Free Float
61,827,000
Market Cap
$15.50 billion
Optionable
Optionable
Beta
0.79

Social Links

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Key Executives


ESS Stock Analysis - Frequently Asked Questions

Should I buy or sell Essex Property Trust stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price objectives 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 share price to reach $244.63 in the next twelve months. This suggests a possible upside of 1.3% 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 2024?

Essex Property Trust's stock was trading at $247.94 at the start of the year. Since then, ESS stock has decreased by 2.6% and is now trading at $241.41.
View the best growth stocks for 2024 here
.

Are investors shorting Essex Property Trust?

Essex Property Trust saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 1,340,000 shares, a decline of 13.0% from the February 29th total of 1,540,000 shares. Based on an average trading volume of 412,600 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.1% of the shares of the stock 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 Thursday, April 25th 2024.
View our ESS earnings forecast
.

How were Essex Property Trust's earnings last quarter?

Essex Property Trust, Inc. (NYSE:ESS) announced its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by $2.23. Essex Property Trust had a net margin of 24.31% and a trailing twelve-month return on equity of 7.10%. During the same period last year, the firm posted $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. Shareholders 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 annualized dividend and a dividend yield of 4.06%. 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 3.82%. 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 155.31%. 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 62.94% 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 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of 3.680-3.800 for the period, compared to the consensus earnings per share estimate of 3.750. 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 Vanguard Group Inc. (15.92%), Vanguard Group Inc. (15.91%), Cohen & Steers Inc. (4.79%), Principal Financial Group Inc. (4.24%), Norges Bank (4.24%) and Price T Rowe Associates Inc. MD (2.63%). 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 3/28/2024 by MarketBeat.com Staff

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