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

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.

18 analysts have issued 12 month target prices for Essex Property Trust's shares. Their ESS share price targets range from $204.00 to $291.00. On average, they expect the company's stock price to reach $245.37 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for ESS or view top-rated stocks among Wall Street analysts.

Essex Property Trust's stock was trading at $247.94 at the start of the year. Since then, ESS stock has decreased by 5.1% and is now trading at $235.34.
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Essex Property Trust saw a increase in short interest during 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 trading volume of 405,600 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.3% of the company's shares are sold short.
View Essex Property Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our ESS earnings forecast.

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".

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 (EPS) for the quarter, missing analysts' consensus estimates 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 in the previous year, the business earned $3.07 earnings per share.
Read the conference call transcript.

Essex Property Trust announced 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 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $2.31.
Read our dividend analysis for ESS.

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.

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).

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 EPS estimate of 3.750. The company issued revenue guidance of -.

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.

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).

Essex Property Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.36%), Hazelview Securities Inc. (0.09%), State of Alaska Department of Revenue (0.08%), Vert Asset Management LLC (0.04%), Pensionfund DSM Netherlands (0.02%) and Czech National Bank (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.

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.
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