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Essex Property Trust, Inc. (ESS)

Stock Price: $267.26 USD 5.49 (2.10%)
Updated Mar 3, 2021 4:00 PM EST - Market closed
After-hours: $269.00 +1.74 (0.65%) Mar 3, 7:57 PM
Market Cap 17.25B
Revenue (ttm) 1.50B
Net Income (ttm) 568.87M
Shares Out 65.45M
EPS (ttm) 8.69
PE Ratio 30.76
Forward PE 64.94
Dividend $8.31
Dividend Yield 3.11%
Trading Day March 3
Last Price $267.26
Previous Close $261.77
Change ($) 5.49
Change (%) 2.10%
Day's Open 261.73
Day's Range 261.41 - 270.90
Day's Volume 560,053
52-Week Range 169.38 - 292.14

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Business Wire - 1 day ago

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 2...

Business Wire - 1 week ago

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 of...

Business Wire - 1 week ago

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 ...

Zacks Investment Research - 3 weeks ago

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

Zacks Investment Research - 3 weeks ago

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?

Business Wire - 3 weeks ago

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...

Zacks Investment Research - 1 month ago

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.

Seeking Alpha - 1 month ago

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.

Business Wire - 1 month ago

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 characteris...

Business Wire - 1 month ago

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, Februar...

Seeking Alpha - 1 month ago

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 underperformanc...

Other stocks mentioned: O, WPC
Seeking Alpha - 1 month ago

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 prod...

Other stocks mentioned: DIS, KRC, NFLX, T
Business Wire - 2 months ago

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). Jo...

Seeking Alpha - 2 months ago

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
Seeking Alpha - 2 months ago

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, IRM, MNR, O, WPC
Seeking Alpha - 2 months ago

Essex Property Trust: Location, Location, Location

Business Wire - 2 months ago

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...

Seeking Alpha - 2 months ago

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
Zacks Investment Research - 3 months ago

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

Insider Monkey - 3 months ago

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, SYY, XOM
Seeking Alpha - 3 months ago

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

Other stocks mentioned: AVB, BOWFF, BRX, CBL, EQR, KIM, MPW
Seeking Alpha - 3 months ago

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 quart...

Other stocks mentioned: FRT, WPC
Business Wire - 3 months ago

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 Diver...

GuruFocus - 3 months ago

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

Other stocks mentioned: LEN
Seeking Alpha - 3 months ago

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 bu...

Other stocks mentioned: AIV, APTS, AVB, BRG, CPT, EQR, IRET, MAA, NXRT, SPY, UDR, VNQ
Seeking Alpha - 3 months ago

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

Other stocks mentioned: ADC
Seeking Alpha - 3 months ago

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, PLD, PSA, SRC, UDR
Seeking Alpha - 4 months ago

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 ...

Seeking Alpha - 4 months ago

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 foll...

Other stocks mentioned: ABC, AROW, CB, ENB, EPD, JNJ, KMB, MMM, MO, NOC, PM, SNY, T, UMBF
Seeking Alpha - 4 months ago

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 p...

Other stocks mentioned: KRC, WPC
Seeking Alpha - 4 months ago

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
Seeking Alpha - 4 months ago

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

Zacks Investment Research - 4 months ago

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.

Seeking Alpha - 4 months ago

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, WPC
Zacks Investment Research - 4 months ago

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?

Business Wire - 4 months ago

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, ...

Zacks Investment Research - 4 months ago

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 spoils...

Other stocks mentioned: AVB, DRE, EQIX, MAA, WELL
Seeking Alpha - 4 months ago

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 ...

Other stocks mentioned: AROW, BANF, CB, CSL, FRT, JNJ, KMB, MGRC, MO, O, PII, SEIC, T
Zacks Investment Research - 4 months ago

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.

Seeking Alpha - 4 months ago

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 a...

Other stocks mentioned: AIV, AMH, APTS, AVB, BRG, CLPR, CPT, ELS, EQR, INVH, IRT, MAA, NXRT, RESI, SUI, UDR
Seeking Alpha - 4 months ago

Essex Property Trust Is A Buy For Dividend Growth Investors

Seeking Alpha - 4 months ago

Realty Income, with an iREIT iQ score of 90, is definitely a blue-chip REIT.

Other stocks mentioned: AVB, O
Investopedia - 4 months ago

The strategies of these five REITs that invest in purchasing, developing, and managing apartment complexes may make them smart investments.

Other stocks mentioned: AIV, AVB, EQR, UDR
Seeking Alpha - 4 months ago

Unique Doesn't Mean Useful

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Seeking Alpha - 4 months ago

In this article, I highlight two apartment REITs that I've been buying lately: Essex Property Trust and AvalonBay Communities.

Other stocks mentioned: AVB
Seeking Alpha - 4 months ago

5 Resilient Low-Risk Dividend Aristocrats For A Volatile Fall

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Seeking Alpha - 4 months ago

In this article, I discuss why I like the REIT sector in general right now.

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Seeking Alpha - 4 months ago

We're still seeing great bargains throughout the apartment REIT subsector.

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Seeking Alpha - 4 months ago

Bears argue that the pandemic has caused a mass exodus of people from urban cities to suburban areas.

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

The best opportunities are today in hated sectors that will still work in the future.

Other stocks mentioned: AVB, CLPR, CPT, EQR, UDR

About ESS

Essex Property Trust, 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 268.61, which is an increase of 0.51% from the latest price.

Price Target
$268.61
(0.51% upside)
Analyst Consensus: Buy