Essex Property Trust, Inc. (ESS)
| Market Cap | 21.77B |
| Revenue (ttm) | 1.44B |
| Net Income (ttm) | 402.70M |
| Shares Out | 65.00M |
| EPS (ttm) | 6.19 |
| PE Ratio | 54.20 |
| Forward PE | 59.52 |
| Dividend | $8.34 (2.49%) |
| Ex-Dividend Date | Sep 29, 2021 |
| Volume | 124,917 |
| Open | 333.98 |
| Previous Close | 332.98 |
| Day's Range | 333.86 - 336.50 |
| 52-Week Range | 180.85 - 336.99 |
| Beta | 0.74 |
| Analysts | Buy |
| Price Target | 345.76 (+3.1%) |
| Est. Earnings Date | Oct 27, 2021 |
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.
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 StatementsAnalyst Forecast
According to 22 analysts, the average rating for ESS stock is "Buy." The 12-month stock price forecast is 345.76, which is an increase of 3.10% from the latest price.
News
Key Factors to Impact Essex Property's (ESS) Q3 Earnings
Essex Property's (ESS) Q3 performance likely to reflect improving market conditions, and declining same-property cash delinquencies as well as high occupancy.
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Essex Announces Release and Conference Call Dates for Its Third Quarter 2021 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its third quarter 2021 earnings after the market closes on Tuesday, October 26, 2021. A...
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Investing $100 In Essex Property Trust Stock 15 Years Ago, Would Be Worth This Much Today
Essex Property Trust has outperformed the market over the past 90 days by 6.14%, generating a 8.61% return for its investors over the time period. Now, given this information, it may seem like price app...
Essex Property Trust to Present Virtually at the Bank of America Securities 2021 Global Real Estate Conference
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its President and CEO, Michael J. Schall, will participate in a roundtable discussion at the Bank of Americ...
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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 $2.09 per common share, payable Oc...
Essex Property Trust (ESS) Provides Q3 Operating Update
Essex Property Trust's (ESS) preliminary August 2021 update reveals that same-property cash delinquencies stood at 0.8% for the month compared with July's 2.2%.
Essex Property Trust Provides Preliminary Third Quarter 2021 Operating Update
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it is reaffirming its full-year and third quarter 2021 guidance ranges and providing a preliminary third qu...
Nuveen's Carly Tripp on housing market: Price gains strong, but no bubble
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Essex Property (ESS) Beats on Q2 FFO, Raises '21 Guidance
Essex Property's (ESS) Q2 results reflect the recovery in its markets with relaxations in the pandemic-related restrictions, prompting the REIT to raise the 2021 guidance.
Essex Property Trust (ESS) Tops Q2 FFO and Revenue Estimates
Essex Property Trust (ESS) delivered FFO and revenue surprises of 1.67% and 0.66%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Essex Announces Second Quarter 2021 Results and Increases Full-Year 2021 Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2021 earnings results and related business activities. Net Income, Funds fro...
Key Factors to Impact Essex Property's (ESS) Q2 Earnings
Essex Property's (ESS) Q2 performance likely to reflect improving market conditions and declining concession usage.
Essex Announces Release and Conference Call Dates for Its Second Quarter 2021 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2021 earnings after the market closes on Thursday, July 29, 2021. A ...
Essex Property Trust Joins CEO Action for Diversity & Inclusion and Receives 2021 NAA Excellence Award
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced that the Company has joined the CEO Action for Diversity & Inclusion Pledge. In joining the pledge, the Company is com...
7 Apartment REITs to Buy as Rent Prices Get Set to Surge
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Essex Property (ESS) Raises Guidance for Q2 & 2021, Stock Up
Essex Property's (ESS) guidance increase comes amid the improving market conditions and declining concession usage.
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 an updated Investor Presentation and increased its second quarter and full-year guidance f...
Essex Property Trust (ESS) Up 2.1% Since Last Earnings Report: Can It Continue?
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Here's Why You Should Hold Essex Property (ESS) Stock Right Now
Essex Property (ESS) poised to gain from a solid portfolio, technology investments and healthy balance sheet, though the pandemic's impact on rental demand in West Coast and high supply are concerns.