Lowest-Rated StocksLowest-RatedNYSE:ESS Essex Property Trust (ESS) Stock Price, News & Analysis → the most reliable asset on earth is making a comeback (From DTI) (Ad) Free ESS Stock Alerts $243.51 +2.10 (+0.87%) (As of 09:55 AM ET) Add Compare Share Share Today's Range$242.45▼$244.6450-Day Range$225.59▼$245.4452-Week Range$201.66▼$252.85Volume12,361 shsAverage Volume413,706 shsMarket Capitalization$15.63 billionP/E Ratio38.59Dividend Yield3.79%Price Target$244.63 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/Downside0.3% Upside$244.63 Price TargetShort InterestHealthy2.10% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.24Upright™ Environmental ScoreNews Sentiment1.20Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth3.46%From $15.05 to $15.57 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.4.66 out of 5 starsFinance Sector106th out of 859 stocksReal Estate Investment Trusts Industry16th out of 180 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $244.63, Essex Property Trust has a forecasted upside of 0.3% from its current price of $243.80.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 5.0 Short Interest Percentage of Shares Shorted2.10% 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 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Essex Property Trust has recently decreased by 12.99%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipEssex Property Trust is a leading dividend payer. It pays a dividend yield of 3.89%, 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 146.43%. 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 59.34% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEssex Property Trust has received a 5.14% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Apartment leasing services", "Real estate development services of apartment buildings", and "Renovation of apartment buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for Essex Property Trust is -3.24. Previous Next 2.9 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 1.20. 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 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Essex Property Trust this week, compared to 7 articles on an average week.Search InterestOnly 4 people have searched for ESS on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.MarketBeat FollowsOnly 54 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% 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 3.46% in the coming year, from $15.05 to $15.57 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 38.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.36.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 38.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.07.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 3.10. 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 2.80. 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 WealthPress$25,000 into $109,616 in two months? Today I want to show you how our research shows you could’ve grown a $25,000 account into $109,616.12 within the last TWO months. You see, former multi-million dollar hedge fund manager Roger Scott spent the better half of 2023 developing what might be the most advanced trading tool that exists… It’s a revolutionary software system that tracks the moves of institutional investors…. in real time…Go here to watch the most recent trading workshop video at no charge. 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 HeadlinesMarch 25, 2024 | marketbeat.comAI’s “Hidden” Dividends (3 Payers With Payouts Soaring 88%+)March 27, 2024 | finance.yahoo.comEssex Property Trust, Inc.: Following Two Years of Rising Interest Rates, We Believe REITs Are Trading at Significant DiscountsMarch 28, 2024 | Behind the Markets (Ad)The Small Biotech with a BIG Cancer SolutionThere's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.March 27, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Receives Overweight Rating from Piper SandlerMarch 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 25, 2024 | americanbankingnews.comEssex Property Trust, Inc. (NYSE:ESS) Given Average Rating of "Hold" by AnalystsMarch 28, 2024 | DTI (Ad)the most reliable asset on earth is making a comebackGlobal tensions have been pushing the price of gold to all time highs… Just recently, gold peaked at a record $2,000 (and is now closer to $2,200). And there’s something else critical at play right now in the world’s largest asset. Because of these critical factors, a lot of massive investment institutions are now pumping more money into gold. And as we speak, some are even calling for a massive rally in the precious metal.March 21, 2024 | nasdaq.comCommit To Purchase Essex Property Trust At $170, Earn 1.7% Annualized Using OptionsMarch 19, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Upgraded to Outperform at Raymond JamesMarch 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 ResidentialMarch 18, 2024 | msn.comDamning report into state of UK's hospital buildings points to problems at Cambridgeshire hospitalMarch 17, 2024 | bbc.co.ukHospital ceiling caves in 'above ICU patient'March 13, 2024 | msn.comHighest and lowest property tax bill in all 21 N.J. counties ranked for 2023March 13, 2024 | forbes.com3 AI Stocks Everyone’s MissedMarch 10, 2024 | morningstar.comEssex Property Trust Inc ESSMarch 7, 2024 | businesswire.comEssex Property Trust Prices $350 Million of Senior NotesMarch 4, 2024 | finance.yahoo.comEssex Property Trust, Inc.: We Still Expect Single-Family Construction and Repair and Remodel Spending to Grow in 2024March 3, 2024 | finance.yahoo.comESS Jul 2024 115.000 putMarch 2, 2024 | finance.yahoo.comDirector LYONS IRVING F III Sells Shares of Essex Property Trust Inc (ESS)March 1, 2024 | morningstar.com.auA US dividend aristocrat that’s 21% undervalued and yields 4%March 1, 2024 | businesswire.comEssex Property Trust to Present at The 2024 Citigroup Global Property CEO ConferenceFebruary 28, 2024 | msn.comMizuho Upgrades Essex Property Trust (ESS)February 28, 2024 | finance.yahoo.comEssex Property Trust, Inc.: Despite Short-Term Slowdown in Rent Growth, Essex Should See Solid Long-Term Internal GrowthFebruary 26, 2024 | markets.businessinsider.comDeep Dive Into Essex Property Trust Stock: Analyst Perspectives (9 Ratings)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 1/12 Dividend12/29/2023Dividend Payable1/12/2024Ex-Dividend for 4/12 Dividend3/27/2024Today3/28/2024Dividend Payable4/12/2024Next Earnings (Estimated)4/25/2024Fiscal 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$244.63 High Stock Price Target$291.00 Low Stock Price Target$204.00 Potential Upside/Downside+1.3%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$6.31 Trailing P/E Ratio38.26 Forward P/E Ratio16.04 P/E Growth3.1Net 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 / Sales9.28 Cash Flow$15.20 per share Price / Cash Flow15.88 Book Value$87.15 per share Price / Book2.77Miscellaneous Outstanding Shares64,200,000Free Float61,763,000Market Cap$15.50 billion OptionableOptionable Beta0.79 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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 CompetitorsMid-America Apartment CommunitiesNYSE:MAASun CommunitiesNYSE:SUIUDRNYSE:UDREquity LifeStyle PropertiesNYSE:ELSCamden Property TrustNYSE:CPTView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 9,720 shares on 3/27/2024Ownership: 0.018%PNC Financial Services Group Inc.Sold 4,641 shares on 3/22/2024Ownership: 0.015%Vanguard Group Inc.Sold 92,159 shares on 3/11/2024Ownership: 15.914%Wellington Management Group LLPBought 106,182 shares on 3/5/2024Ownership: 0.490%Fisher Asset Management LLCSold 631 shares on 3/5/2024Ownership: 0.023%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 twelve months. 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 Wall Street analysts have issued 1 year target prices for Essex Property Trust's stock. Their ESS share price targets range from $204.00 to $291.00. On average, they predict the company's stock price to reach $244.63 in the next year. This suggests a possible upside of 0.3% 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 beginning of the year. Since then, ESS stock has decreased by 1.7% and is now trading at $243.80. View the best growth stocks for 2024 here. Are investors shorting Essex Property Trust? Essex Property Trust saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,340,000 shares, a decrease of 13.0% from the February 29th total of 1,540,000 shares. Based on an average daily volume of 412,600 shares, the short-interest ratio is currently 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) released its earnings results on Tuesday, April, 26th. The real estate investment trust reported $1.12 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 quarter in the previous year, the company 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 announced 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 4.02%. 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 $9.24 per share and currently has a dividend yield of 3.89%. 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 146.43%. 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 59.34% 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), Residential REIT ETF (HAUS), iShares Residential and Multisector Real Estate ETF (REZ), Invesco S&P 500 Equal Weight Real Estate ETF (RSPR), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD) and U.S. Diversified Real Estate ETF (PPTY). 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 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 number of institutional and retail investors. Top institutional investors 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. 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