Essex Property Trust, Inc. (ESS)
| Market Cap | 18.93B |
| Revenue (ttm) | 1.52B |
| Net Income (ttm) | 385.57M |
| Shares Out | 67.40M |
| EPS (ttm) | 5.92 |
| PE Ratio | 47.44 |
| Forward PE | 43.10 |
| Dividend | $8.58 (3.06%) |
| Ex-Dividend Date | Jun 29, 2022 |
| Volume | 289,631 |
| Open | 281.62 |
| Previous Close | 278.75 |
| Day's Range | 280.31 - 283.69 |
| 52-Week Range | 250.62 - 363.36 |
| Beta | 0.79 |
| Analysts | Buy |
| Price Target | 309.93 (+10.4%) |
| Earnings Date | Jul 26, 2022 |
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. [Read more...]
Financial Performance
In 2021, ESS's revenue was $1.44 billion, a decrease of -3.69% compared to the previous year's $1.50 billion. Earnings were $488.55 million, a decrease of -14.12%.
Financial StatementsAnalyst Forecast
According to 29 analysts, the average rating for ESS stock is "Buy." The 12-month stock price forecast is 309.93, which is an increase of 10.36% from the latest price.
News
Essex Property (ESS) Beats on Q2 FFO, Raises 2022 Guidance
Essex Property's (ESS) Q2 results reflect the recovery in its markets, resulting in improving net effective rent growth in the quarter.
Essex Property Trust (ESS) Beats Q2 FFO and Revenue Estimates
Essex Property Trust (ESS) delivered FFO and revenue surprises of 3.66% and 1.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Essex Announces Second Quarter 2022 Results and Increases Full-Year 2022 Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2022 earnings results and related business activities. Net Income, Funds fro...
Is a Surprise Coming for Essex Property Trust (ESS) This Earnings Season?
Essex Property Trust (ESS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Is a Beat in Store for Essex Property (ESS) in Q2 Earnings?
Essex Property's (ESS) Q2 performance is likely to have gained from an improvement in market conditions, a decline in same-property cash delinquencies and high rental rates.
Here's Why Essex Property (ESS) is an Apt Portfolio Choice
Essex Property (ESS) is well-poised to gain from a solid portfolio, technology investments and healthy balance sheet amid concerns regarding rental demand in the costlier urban/infill markets.
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Essex Announces Release and Conference Call Dates for Its Second Quarter 2022 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2022 earnings after the market closes on Tuesday, July 26, 2022. A c...
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Essex Property Trust (ESS) Raises 2022 Guidance, Stock Down
Essex Property's (ESS) raises second-quarter and full-year 2022 guidance for core funds from operations (FFO) per share on improving demand for rental housing.
Essex Property Trust Publishes Updated Investor Presentation and Increases Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it has published its June 2022 Investor Presentation with an update to its 2022 MSA Level Forecast. As a re...
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Essex Property Trust Declares Quarterly Distributions
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 $2.20 per common share, payable Ju...
Essex Property Trust Publishes 2021 Corporate Social Responsibility Report
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announces the publication of its 2021 Corporate Social Responsibility (CSR) Report, summarizing the Company's ongoing progress a...
Essex Property (ESS) Beats on Q1 FFO & Revenues, Ups 2022 View
Essex Property's (ESS) first-quarter 2022 core FFO is driven by a rise in same-property revenues.
Essex Property Trust (ESS) Surpasses Q1 FFO and Revenue Estimates
Essex Property Trust (ESS) delivered FFO and revenue surprises of 0.90% and 1.50%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Essex Announces First Quarter 2022 Results and Increases Full-Year 2022 Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2022 earnings results and related business activities. Net Income, Funds from...
Why Earnings Season Could Be Great for Essex Property (ESS)
Essex Property (ESS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Essex Property Trust Co-Leads ESG Innovation-Focused “Housing Impact Fund” Managed By RET Ventures
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced it has co-launched a new Environmental, Social and Governance (ESG) focused “Housing Impact Fund” (“the Fund”) with UD...
Is a Beat in Store for Essex Property (ESS) in Q1 Earnings?
Essex Property's (ESS) Q1 performance is likely to have gained on an improvement in market conditions, a decline in same-property cash delinquencies and high occupancy.
APTS vs. ESS: Which Stock Is the Better Value Option?
APTS vs. ESS: Which Stock Is the Better Value Option?
This Dividend Aristocrat REIT Is Catching a Huge Wave in Southern California
The huge rebound Essex Property Trust is experiencing in this key market validates its long-term strategy.