Essex Property Trust, Inc. (ESS)

NYSE: ESS · IEX Real-Time Price · USD
280.83
+2.08 (0.75%)
Aug 8, 2022 4:03 PM EDT - Market closed
0.75%
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...]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date Jun 6, 1994
CEO Michael Schall
Employees 1,739
Stock Exchange NYSE
Ticker Symbol ESS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$309.93
(10.36% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

7 Bear Market Stocks to Buy on the Dip

While there are many popular equities that are on discount, these bear market stocks to buy on the dip can weather the storm. The post 7 Bear Market Stocks to Buy on the Dip appeared first on InvestorPl...

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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.

3 Dividend Aristocrats to Buy and Hold Forever

Selling electricity, hardware, and apartment rentals isn't glamorous. But they've been great long-term business for these three.

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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...

These 3 Stocks Are Passive-Income Warriors

These companies have done an amazing job providing their investors with passive income.

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Got $1,000? 2 Unstoppable Real Estate Trends That Could Make You Richer

There are profitable opportunities to be found in the multifamily, communications, and industrial segments of the real estate market.

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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...

10 Recession-Proof Stocks to Buy Right Now

With prominent voices warning about a possible downturn ahead, it's time to consider the best recession-proof stocks to buy. The post 10 Recession-Proof Stocks to Buy Right Now appeared first on Investo...

These 4 REITs are a Retiree's Best Friend

Income now and more growth to come mark these friends with dividends.

Other symbols: ADCARECCI

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.