NYSE:ESS Essex Property Trust (ESS) Stock Price, News & Analysis → Collapse of the Petrodollar (From Colonial Metals) (Ad) Free ESS Stock Alerts $258.95 -0.63 (-0.24%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$257.16▼$260.5250-Day Range$232.63▼$259.5852-Week Range$203.85▼$260.52Volume205,079 shsAverage Volume385,316 shsMarket Capitalization$16.63 billionP/E Ratio31.66Dividend Yield3.78%Price Target$249.76 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/Downside3.5% Downside$249.76 Price TargetShort InterestBearish2.54% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.90Upright™ Environmental ScoreNews Sentiment1.08Based on 25 Articles This WeekInsider TradingN/AProj. Earnings Growth2.09%From $15.30 to $15.62 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.4.28 out of 5 starsFinance Sector234th out of 876 stocksReal Estate Investment Trusts Industry45th out of 182 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 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Essex Property Trust's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.54% 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 4.1.Change versus previous monthShort interest in Essex Property Trust has recently increased by 6.58%, 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 3.78%, 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 62.74% next year. This indicates that Essex Property Trust will be able to sustain or increase its dividend.Read more about Essex Property Trust's 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 3.4 News and Social Media Coverage News SentimentEssex Property Trust has a news sentiment score of 1.08. 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 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Essex Property Trust this week, compared to 7 articles on an average week.Search Interest9 people have searched for ESS on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat FollowsOnly 39 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -42% 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.Read more about Essex Property Trust's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Essex Property Trust are expected to grow by 2.09% in the coming year, from $15.30 to $15.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Essex Property Trust is 31.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.15.Price to Earnings Ratio vs. SectorThe P/E ratio of Essex Property Trust is 31.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.13.Price to Earnings Growth RatioEssex Property Trust has a PEG Ratio of 3.78. 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 2.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Essex Property Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto Swap ProfitsHe Is Giving Away BitcoinAnd my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.>> Register right 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 lineMay 9, 2024 | seekingalpha.comThe Retiree's Dividend Portfolio - Jane's March 2024 Income UpdateMay 11, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. May 9, 2024 | benzinga.com(ESS) - Analyzing Essex Property Trust's Short InterestMay 9, 2024 | americanbankingnews.comFY2024 EPS Estimates for Essex Property Trust, Inc. (NYSE:ESS) Increased by AnalystMay 8, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) PT Raised to $315.00 at Piper SandlerMay 8, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) PT Raised to $264.00May 7, 2024 | americanbankingnews.comQ2 2024 Earnings Forecast for Essex Property Trust, Inc. (NYSE:ESS) Issued By WedbushMay 11, 2024 | TradeSmith (Ad)The A.I. story nobody is telling you (Read ASAP)There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...May 6, 2024 | businesswire.comEssex Property Trust Publishes Sixth Annual ESG ReportMay 5, 2024 | americanbankingnews.comStifel Nicolaus Raises Essex Property Trust (NYSE:ESS) Price Target to $243.50May 5, 2024 | americanbankingnews.comEssex Property Trust (NYSE:ESS) Reaches New 12-Month High at $253.53May 2, 2024 | markets.businessinsider.comEssex Property Trust Q1 FFO RisesMay 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 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 placeSee 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 Payable4/12/2024Today5/11/2024Next 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$249.76 High Stock Price Target$315.00 Low Stock Price Target$204.00 Potential Upside/Downside-3.5%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$8.18 Trailing P/E Ratio31.66 Forward P/E Ratio16.92 P/E Growth3.73Net 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 Ratio3.19 Quick Ratio3.19 Sales & Book Value Annual Sales$1.67 billion Price / Sales9.96 Cash Flow$15.18 per share Price / Cash Flow17.06 Book Value$89.14 per share Price / Book2.90Miscellaneous Outstanding Shares64,210,000Free Float61,705,000Market Cap$16.63 billion OptionableOptionable Beta0.79 Social Links 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.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 OwnershipNicola Wealth Management LTD.Bought 4,300 shares on 5/11/2024Ownership: 0.007%Catalytic Wealth RIA LLCBought 269 shares on 5/11/2024Ownership: 0.002%Mitsubishi UFJ Trust & Banking CorpSold 1,866 shares on 5/10/2024Ownership: 0.050%TIAA Trust National AssociationSold 76 shares on 5/10/2024Ownership: 0.003%Intech Investment Management LLCBought 231 shares on 5/10/2024Ownership: 0.003%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 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 Wall Street analysts have issued 12-month target prices for Essex Property Trust's stock. Their ESS share price targets range from $204.00 to $315.00. On average, they predict the company's share price to reach $249.76 in the next year. This suggests that the stock has a possible downside of 3.5%. 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 shares have increased by 4.4% and is now trading at $258.95. View the best growth stocks for 2024 here. Are investors shorting Essex Property Trust? Essex Property Trust saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,620,000 shares, an increase of 6.6% from the April 15th total of 1,520,000 shares. Based on an average daily trading volume, of 391,500 shares, the short-interest ratio is currently 4.1 days. Currently, 2.5% 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, July 25th 2024. View our ESS earnings forecast. How were Essex Property Trust's earnings last quarter? Essex Property Trust, Inc. (NYSE:ESS) issued 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 trailing twelve-month return on equity of 9.22% and a net margin of 31.18%. During the same quarter in the previous year, the business 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 given 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 3.78%. 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 3.78%. 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 62.74% 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), 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 issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 3.770-3.890 for the period, compared to the consensus 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.94%), Principal Financial Group Inc. (3.87%), Daiwa Securities Group Inc. (1.55%), ProShare Advisors LLC (1.14%), Russell Investments Group Ltd. (0.86%) and Bank of New York Mellon Corp (0.85%). 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 5/11/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsThe Crypto 9-5 Escape PlanCrypto 101 MediaThe 2024 Gold Rush: Unleashing Market PotentialPriority GoldThe A.I. story nobody is telling you (Read ASAP)TradeSmithCollapse of the Petrodollar Colonial MetalsTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressHow 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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