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Essex Property Trust, Inc. (ESS)

Stock Price: $291.36 USD 2.48 (0.86%)
Updated May 10, 2021 4:00 PM EDT - Market closed
Pre-market: $291.38 +0.02 (0.01%) May 11, 4:01 AM
Market Cap 19.07B
Revenue (ttm) 1.46B
Net Income (ttm) 422.31M
Shares Out 64.99M
EPS (ttm) 6.48
PE Ratio 44.98
Forward PE 71.43
Dividend $8.32
Dividend Yield 2.86%
Trading Day May 10
Last Price $291.36
Previous Close $288.88
Change ($) 2.48
Change (%) 0.86%
Day's Open 290.93
Day's Range 289.11 - 293.70
Day's Volume 280,851
52-Week Range 183.29 - 300.74

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SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) is pleased to publish its 2020 Corporate Social Responsibility (CSR) Report, recognizing the Company's many Environmental, Socia...

4 days ago - Business Wire

Essex Property's (ESS) Q1 results reflect sequential improvement in same-property gross revenues and NOI on lower cash concessions and delinquency.

1 week ago - Zacks Investment Research

Essex Property Trust (ESS) delivered FFO and revenue surprises of 0.99% and -0.44%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2021 earnings results and related business activities. Net Income, Funds from...

1 week ago - Business Wire

While Essex Property (ESS) is banking on technology and scale, the REIT's Q1 results might reflect the strain on its top line amid pressure on rental rates, concessions and delinquencies.

2 weeks ago - Zacks Investment Research

The first quarter, which typically remains a slow leasing period in other years, was impressive this year with solid demand for rental units and the most noticeable in the Sunbelt region.

Other stocks mentioned: AVB, EQR, MAA, UDR
4 weeks ago - Zacks Investment Research

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2021 earnings after the market closes on Tuesday, April 27, 2021. A c...

1 month ago - Business Wire

As interest rates have plunged over the past five years, many income investors have gone to leveraged high-yield funds and emerging market debt funds.

Other stocks mentioned: KMB, KO, SRE, TFC
1 month ago - 24/7 Wall Street

The Dividend Aristocrats are those companies in the S&P 500 that have increased dividend distributions for at least 25 years. This is a select group of names as there are less than 70 companies that qua...

Other stocks mentioned: IBM, MMM
1 month ago - GuruFocus

Essex Property Trust (ESS) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Michael J. Schall, President and CEO, will be participating in a roundtable presentation at the 2021 Citigr...

2 months ago - Business Wire

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public offering of ...

2 months ago - Business Wire

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a $0.05 per share increase to its annual cash dividend. This represents...

2 months ago - Business Wire

Essex Property's (ESS) results underscore a choppy environment due to the pandemic, and fall in same-property gross revenues and NOI amid concessions.

3 months ago - Zacks Investment Research

Essex Property Trust (ESS) delivered FFO and revenue surprises of -3.21% and -1.08%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today its fourth quarter and full-year 2020 earnings results and related business activities. Net Income and Funds fro...

3 months ago - Business Wire

While Essex Property (ESS) is banking on technology, scale and organizational capabilities, the REIT's Q4 results might reflect soft rental housing demand in many of its markets.

3 months ago - Zacks Investment Research

Essex Property Trust is a great business which has provided spectacular returns in the past. Multiple recent fears have put pressure on the company and its share price.

3 months ago - Seeking Alpha

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2020 distributions to shareholders. The 2020 distribution characteristics are a...

3 months ago - Business Wire

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2020 earnings after the market closes on Thursday, February 4, 2021....

3 months ago - Business Wire

Since the early 1990s, U.S. REITs have averaged about 23% annual returns during economic recoveries – compared with the S&P 500's 11%. They're coming off a period of meaningful underperformance, potenti...

Other stocks mentioned: O, WPC
3 months ago - Seeking Alpha

2020 was a tough year for Los Angeles with Hollywood production significantly curtailed and tourism non-existent. However, 2021 promises to be a better year as Hollywood works through its production bac...

Other stocks mentioned: DIS, KRC, NFLX, T
4 months ago - Seeking Alpha

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the planned succession for the Chief Operating Officer (COO) and the Chief Financial Officer (CFO). John Burkart...

4 months ago - Business Wire

Last week, we published an article highlighting what could be a major workforce trend: The tech-exodus from California. Even with this headwind in place, we rate Essex Property Trust a Buy.

Other stocks mentioned: CPT, EQR, MAA, UDR
4 months ago - Seeking Alpha

As a former real estate developer turned real estate investment trust (REIT) analyst, I'm trained to analyze risk. That's especially true in these continuing COVID-19 times.

Other stocks mentioned: ACC, CONE, DLR, DOC, EXR, HTA, IIPR ...
4 months ago - Seeking Alpha

Essex Property Trust: Location, Location, Location

4 months ago - Seeking Alpha

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.0775 per common share, payable ...

5 months ago - Business Wire

Apartment REITs have become deeply discounted in 2020. Despite the negative market sentiment, the long-term fundamental background remains very positive.

Other stocks mentioned: AVB, CPT, EQR, MAA
5 months ago - Seeking Alpha

Essex Property Trust (ESS) reported earnings 30 days ago. What's next for the stock?

5 months ago - Zacks Investment Research

In this article we provide the list of 10 best dividend stocks for passive income. Click to skip ahead and see the top 5 dividend stocks for passive income .

Other stocks mentioned: CFR, BKH, CINF, CVX, GD, LEG, PEP ...
5 months ago - Insider Monkey

REITs have risen a lot lately even as fundamentals remain challenged.

Other stocks mentioned: AVB, BOWFF, BRX, CBL, EQR, KIM, MPW
5 months ago - Seeking Alpha

Anyone who's read my articles for even a short amount of time knows why I like REITs so much. Choose the right ones to invest in, and you'll get a steady stream of payouts every month or quarter – on to...

Other stocks mentioned: FRT, WPC
5 months ago - Seeking Alpha

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) was recognized by the National Association of Real Estate Investment Trusts (“NAREIT”) with the Bronze Award for Diversity, Equi...

5 months ago - Business Wire

Third Avenue Management (Trades, Portfolio) sold shares of the following stocks during the third quarter, which ended on Sept. 30.

Other stocks mentioned: LEN
5 months ago - GuruFocus

The pandemic-driven "urban exodus" hasn't yet shown signs of slowing. Apartment REITs in the coastal "shutdown cities" have been slammed as residents flee to lower-cost suburban markets and business-fri...

Other stocks mentioned: AIV, APTS, AVB, BRG, CPT, EQR, IRET ...
5 months ago - Seeking Alpha

In and of itself, instant gratification isn't always a bad thing. On the one hand, "No pain, no gain."

Other stocks mentioned: ADC
6 months ago - Seeking Alpha

Trump might stay in office another four years. Or Biden might take over. The pandemic might linger well into 2021. Or we might find ourselves rid of it much sooner.

Other stocks mentioned: AVB, BXP, EQR, HTA, KRC, MPW, O ...
6 months ago - Seeking Alpha

Strong operational performance in occupancy, rent, NOI and cash collections. Trends at Essex improved heading from 3Q into October. The REIT reported notably higher occupancy than EQR/AVB. It is seeing ...

6 months ago - Seeking Alpha

The pandemic is out of control all over the world, with daily records in new cases and a mounting death toll. Europe is beginning to lock down again and IHME expects up to 20 US states to follow suit st...

Other stocks mentioned: ABC, AROW, CB, ENB, EPD, JNJ, KMB ...
6 months ago - Seeking Alpha

Monopoly was my favorite game when I was younger. And, not to brag, but I was good (really good actually). Obviously, we're playing for keeps today. We don't just get two fake $100 bills for passing Go.

Other stocks mentioned: KRC, WPC
6 months ago - Seeking Alpha

While indexes have recovered nicely, several companies continue to struggle. In my last article, I've explained that OHI, XRX and XOM will remain dead money.

Other stocks mentioned: APOG, CAE, VFC
6 months ago - Seeking Alpha

Essex Property Trust, Inc. (ESS) CEO Michael Schall on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

Essex Property's (ESS) results reflect a choppy environment due to the COVID-19 pandemic and subsequent economic recession, and fall in same-property gross revenues and NOI.

6 months ago - Zacks Investment Research

It's “the blue chips that set the standards by which all others should be measured." The term should signify excellence, including a conservatively intelligent dividend policy.

Other stocks mentioned: AVB, BXP, FRT, LADR, NNN, O, SPG ...
6 months ago - Seeking Alpha

Essex Property Trust (ESS) delivered FFO and revenue surprises of -0.32% and 0.59%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its third quarter 2020 earnings results and related business activities. Net Income, Funds from...

6 months ago - Business Wire

Since REITs' performance depends on underlying asset categories and location of properties, not all companies suffered setbacks in the July-September period despite the pandemic playing spoilsport.

Other stocks mentioned: AVB, DRE, EQIX, MAA, WELL
6 months ago - Zacks Investment Research

The election is now just over a week away, and many investors are nervous about short-term market volatility depending on the outcome. Morgan Stanley considers a 10% correction to be the most likely out...

Other stocks mentioned: AROW, BANF, CB, CSL, FRT, JNJ, KMB ...
6 months ago - Seeking Alpha

While Essex Property (ESS) has a sturdy West Coast property base and is banking on technology, scale and organizational capabilities, its Q3 results might reflect soft rental housing demand.

6 months ago - Zacks Investment Research

Several housing REITs remain very attractive. Apartment REITs in particular are attractive due to huge discounts to NAV and high market-implied cap rates. ELS reported Q3 2020 normalized FFO at $.55 per...

Other stocks mentioned: AIV, AMH, APTS, AVB, BRG, CLPR, CPT ...
6 months ago - Seeking Alpha

About 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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

Industry
REIT-Residential
IPO Date
Jun 6, 1994
CEO
Michael Schall
Employees
1,763
Stock Exchange
NYSE
Ticker Symbol
ESS
Full Company Profile

Financial Performance

In 2020, ESS's revenue was $1.50 billion, an increase of 2.44% compared to the previous year's $1.46 billion. Earnings were $568.87 million, an increase of 29.50%.

Financial Statements

Analyst Forecasts

According to 22 analysts, the average rating for ESS stock is "Buy." The 12-month stock price forecast is 290.74, which is a decrease of -0.21% from the latest price.

Price Target
$290.74
(-0.21% downside)
Analyst Consensus: Buy