NYSE:ESS Essex Property Trust (ESS) Stock Price, News & Analysis → AI “wealth window” is closing soon! (From Paradigm Press) (Ad) Free ESS Stock Alerts $233.97 +1.32 (+0.57%) (As of 04/18/2024 ET) Add Compare Share Share Today's Range$230.90▼$234.5150-Day Range$225.59▼$249.5952-Week Range$203.85▼$252.85Volume284,958 shsAverage Volume292,194 shsMarket Capitalization$15.02 billionP/E Ratio37.08Dividend Yield4.19%Price Target$245.37 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/Downside4.9% Upside$245.37 Price TargetShort InterestHealthy2.32% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.90Upright™ Environmental ScoreNews Sentiment0.87Based on 18 Articles This WeekInsider TradingN/AProj. Earnings Growth3.11%From $15.12 to $15.59 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.4.36 out of 5 starsFinance Sector220th out of 843 stocksReal Estate Investment Trusts Industry37th out of 179 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 Shorted2.32% 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 3.6, 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 10.45%, 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 4.21%, 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 155.31%. 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 62.86% 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 3.8 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 0.87. 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 0.59 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 18 news articles for Essex Property Trust this week, compared to 7 articles on an average week.Search Interest10 people have searched for ESS on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.MarketBeat Follows74 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 68% 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 3.11% in the coming year, from $15.12 to $15.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 37.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 37.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.31.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 3.43. 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 2.68. 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 Paradigm PressAI “wealth window” is closing soon!Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.I put together this personal video [HERE]… 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 lineMarch 25, 2024 | marketbeat.comAI’s “Hidden” Dividends (3 Payers With Payouts Soaring 88%+)April 19, 2024 | DTI (Ad)Biden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereApril 19, 2024 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Given Consensus Rating of "Hold" by AnalystsApril 18, 2024 | tmcnet.comAerwave Hires Multifamily Industry Veteran Ed Wolff as President and Chief Revenue OfficerApril 18, 2024 | americanbankingnews.comQ3 2024 EPS Estimates for Essex Property Trust, Inc. Lifted by Zacks Research (NYSE:ESS)April 17, 2024 | msn.comEssex County exploring creation of regional industrial parkApril 17, 2024 | americanbankingnews.comFY2026 Earnings Estimate for Essex Property Trust, Inc. (NYSE:ESS) Issued By Zacks ResearchApril 19, 2024 | DTI (Ad)Biden’s $374B Giveaway Into This SectorBiden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right hereApril 13, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Downgraded to Sell at StockNews.comApril 11, 2024 | markets.businessinsider.comRBC Capital Keeps Their Buy Rating on Essex Property (ESS)April 10, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Price Target Lowered to $255.00 at Truist FinancialApril 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.March 30, 2024 | nj.comPeter Shapiro, youngest-ever member of N.J. Assembly and former governor candidate, dies at 71March 30, 2024 | msn.comEssex Police launch appeal to find missing Basildon manMarch 29, 2024 | uk.news.yahoo.comPopular south Essex seafront attraction is CLOSED for Easter holidaysMarch 28, 2024 | markets.businessinsider.comStifel Nicolaus Sticks to Their Hold Rating for Essex Property (ESS)March 27, 2024 | finance.yahoo.comEssex Property Trust, Inc.: Following Two Years of Rising Interest Rates, We Believe REITs Are Trading at Significant DiscountsMarch 26, 2024 | investorplace.com7 Dividend Aristocrats That Can Safeguard Your Income Through Any CrisisMarch 25, 2024 | markets.businessinsider.comEssex Property Buys JV Partner's 49.9% Stake In BEXAEW Portfolio For A $505 MlnMarch 25, 2024 | finance.yahoo.comEssex Property Trust Acquires Joint Venture Partner’s Interest in Four Communities Comprising 1,480 Apartment HomesMarch 21, 2024 | nasdaq.comCommit To Purchase Essex Property Trust At $170, Earn 1.7% Annualized Using OptionsMarch 18, 2024 | markets.businessinsider.comA Closer Look at 11 Analyst Recommendations For Essex Property TrustMarch 18, 2024 | msn.comRaymond James upgrades Essex Property Trust and Equity ResidentialSee 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 Payable4/12/2024Today4/18/2024Next Earnings (Confirmed)4/30/2024Fiscal 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$245.37 High Stock Price Target$291.00 Low Stock Price Target$204.00 Potential Upside/Downside+4.9%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$6.31 Trailing P/E Ratio37.08 Forward P/E Ratio15.47 P/E Growth3.44Net Income$405.83 million Net Margins24.31% Pretax Margin25.80% Return on Equity7.10% Return on Assets3.29% Debt Debt-to-Equity Ratio1.11 Current Ratio3.26 Quick Ratio3.26 Sales & Book Value Annual Sales$1.67 billion Price / Sales9.00 Cash Flow$15.06 per share Price / Cash Flow15.54 Book Value$87.15 per share Price / Book2.68Miscellaneous Outstanding Shares64,210,000Free Float61,766,000Market Cap$15.02 billion OptionableOptionable Beta0.80 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMs. Angela L. Kleiman (Age 53)President, CEO & Director Comp: $2.12MMs. Barbara M. Pak CFA (Age 46)Executive VP & CFO Comp: $1.97MMs. Anne M. Morrison (Age 42)Executive VP, Chief Administrative Officer, General Counsel & Secretary Comp: $1.05MMr. Rylan K. BurnsExecutive VP & Chief Investment OfficerMr. John Farias (Age 55)Senior VP & Chief Accounting Officer Sudarshana RangacharySenior Vice President of Human ResourcesDmitry TaraschanskySenior Vice President of Acquisitions & InvestmentsJessica AndersonSenior Vice President of OperationsMr. Paul Burton MorganSenior Vice President of Portfolio Strategy & AnalyticsMore ExecutivesKey CompetitorsSun CommunitiesNYSE:SUIMid-America Apartment CommunitiesNYSE:MAAUDRNYSE:UDREquity LifeStyle PropertiesNYSE:ELSCamden Property TrustNYSE:CPTView All CompetitorsInstitutional OwnershipNaviter Wealth LLCBought 452 shares on 4/18/2024Ownership: 0.006%Allspring Global Investments Holdings LLCBought 461 shares on 4/18/2024Ownership: 0.006%Hennion & Walsh Asset Management Inc.Bought 1,109 shares on 4/17/2024Ownership: 0.003%Wealth Enhancement Advisory Services LLCSold 508 shares on 4/16/2024Ownership: 0.010%Vert Asset Management LLCBought 1,385 shares on 4/15/2024Ownership: 0.042%View All Institutional Transactions 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 year. 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 equities research analysts have issued 12-month price targets for Essex Property Trust's shares. Their ESS share price targets range from $204.00 to $291.00. On average, they anticipate the company's stock price to reach $245.37 in the next year. This suggests a possible upside of 4.9% 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 2024? Essex Property Trust's stock was trading at $247.94 at the start of the year. Since then, ESS stock has decreased by 5.6% and is now trading at $233.97. 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 presently 3.6 days. Currently, 2.3% of the company's stock 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 Tuesday, April 30th 2024. 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, May 1st 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 "13745754". How were Essex Property Trust's earnings last quarter? Essex Property Trust, Inc. (NYSE:ESS) announced its quarterly earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 earnings per share for the quarter, missing the consensus estimate of $3.35 by $2.23. Essex Property Trust had a trailing twelve-month return on equity of 7.10% and a net margin of 24.31%. During the same period in the prior year, the company posted $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 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 annualized dividend and a yield of 4.19%. The ex-dividend date is Wednesday, March 27th. This is an increase 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 4.21%. 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 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 62.86% 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 (RSPR), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), iShares Cohen & Steers REIT ETF (ICF) and U.S. Diversified Real Estate ETF (PPTY). What guidance has Essex Property Trust issued on next quarter's earnings? Essex Property Trust updated its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of 3.680-3.800 for the period, compared to the consensus 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 number of institutional and retail investors. Top institutional investors include Hazelview Securities Inc. (0.09%), Vert Asset Management LLC (0.04%), Pensionfund DSM Netherlands (0.02%), Czech National Bank (0.02%), Kingswood Wealth Advisors LLC (0.02%) and Aurora Investment Managers LLC. (0.02%). 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 4/19/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingBiden’s $374B Giveaway Into This SectorDTIThe “Perfect Storm” for GoldGold Safe ExchangeForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressHe Is Giving Away BitcoinCrypto Swap ProfitsThe #1 Crypto for 2024InvestorPlaceUrgent alert: open this for a huge profit potentialTimothy SykesHow Biden has already won 2024Porter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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