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NYSE:ESS

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

Essex Property Trust logo
$280.26 -4.98 (-1.75%)
As of 02:23 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Essex Property Trust Stock (NYSE:ESS)

Key Stats

Today's Range
$278.61
$282.99
50-Day Range
$270.55
$312.86
52-Week Range
$223.06
$317.73
Volume
198,874 shs
Average Volume
482,698 shs
Market Capitalization
$18.01 billion
P/E Ratio
32.71
Dividend Yield
3.50%
Price Target
$305.53
Consensus Rating
Hold

Company Overview

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.

Essex Property Trust Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

ESS MarketRank™: 

Essex Property Trust scored higher than 90% of companies evaluated by MarketBeat, and ranked 155th out of 944 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Essex Property Trust has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 7 buy ratings, 12 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Essex Property Trust has been the subject of 6 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.
  • Earnings Growth

    Earnings for Essex Property Trust are expected to grow by 2.63% in the coming year, from $15.58 to $15.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Essex Property Trust is 32.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.48.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Essex Property Trust is 32.68, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.90.

  • Price to Earnings Growth Ratio

    Essex Property Trust has a PEG Ratio of 5.43. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Essex Property Trust has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Essex Property Trust's valuation and earnings.
  • Percentage of Shares Shorted

    1.39% of the float of Essex Property Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Essex Property Trust has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Essex Property Trust has recently decreased by 4.44%, indicating that investor sentiment is improving.
  • Dividend Yield

    Essex Property Trust pays a meaningful dividend of 3.46%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Essex Property Trust has been increasing its dividend for 30 years.

  • Dividend Coverage

    The dividend payout ratio of Essex Property Trust is 114.49%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Essex Property Trust will have a dividend payout ratio of 61.29% 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.
  • Percentage of Shares Shorted

    1.39% of the float of Essex Property Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Essex Property Trust has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Essex Property Trust has recently decreased by 4.44%, indicating that investor sentiment is improving.
  • News Sentiment

    Essex Property Trust has a news sentiment score of 1.44. 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 0.75 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 22 news articles for Essex Property Trust this week, compared to 9 articles on an average week.
  • Search Interest

    7 people have searched for ESS on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.
  • MarketBeat Follows

    32 people have added Essex Property Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 3% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Essex Property Trust insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 3.90% of the stock of Essex Property Trust is held by insiders.

  • Percentage Held by Institutions

    96.51% 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.
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ESS Stock News Headlines

Deutsche Bank Upgrades Essex Property Trust (ESS)
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Essex Property Trust upgraded to Buy from Hold at Deutsche Bank
Essex Property Trust price target lowered to $292 from $296 at Truist
Essex Property Trust, Inc. (ESS) Stock Forecasts
See More Headlines

ESS Stock Analysis - Frequently Asked Questions

Essex Property Trust's stock was trading at $285.44 at the beginning of the year. Since then, ESS shares have decreased by 2.0% and is now trading at $279.6580.
View the best growth stocks for 2025 here
.

Essex Property Trust, Inc. (NYSE:ESS) issued its quarterly earnings results on Tuesday, October, 29th. The real estate investment trust reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $3.88 by $2.04. The real estate investment trust earned $450.70 million during the quarter, compared to the consensus estimate of $445.88 million. Essex Property Trust had a trailing twelve-month return on equity of 9.72% and a net margin of 31.55%.
Read the conference call transcript
.

Essex Property Trust's top institutional investors include KBC Group NV (0.35%), Janney Montgomery Scott LLC (0.06%), SG Americas Securities LLC (0.04%) and Nisa Investment Advisors LLC (0.04%). Insiders that own company stock include Keith R Guericke, Angela L Kleiman, Amal M Johnson, Anne Morrison and Michael J Schall.
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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Essex Property Trust investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

Last Earnings
10/29/2024
Ex-Dividend for 1/15 Dividend
1/02/2025
Dividend Payable
1/15/2025
Today
1/22/2025
Next Earnings (Confirmed)
2/04/2025
Fiscal Year End
12/31/2025

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
$305.53
High Stock Price Target
$355.00
Low Stock Price Target
$250.00
Potential Upside/Downside
+7.1%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
20 Analysts

Profitability

Net Income
$405.83 million
Pretax Margin
33.30%

Debt

Sales & Book Value

Annual Sales
$1.67 billion
Cash Flow
$15.07 per share
Book Value
$87.15 per share

Miscellaneous

Free Float
61,761,000
Market Cap
$18.33 billion
Optionable
Optionable
Beta
0.92

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This page (NYSE:ESS) was last updated on 1/22/2025 by MarketBeat.com Staff
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