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Essex Property Trust, Inc. (ESS)

Stock Price: $252.73 USD 3.88 (1.56%)
Updated December 4, 4:03 PM EST - Market closed

ESS Stock Price Chart

Key Info

Market Cap 16.48B
Revenue (ttm) 1.51B
Net Income (ttm) 601.94M
Shares Out 65.23M
EPS (ttm) 9.16
PE Ratio 27.59
Forward PE n/a
Dividend $8.31
Dividend Yield 3.29%

Stock Quote

Trading Day December 4
Last Price $252.73
Previous Close $248.85
Change ($) 3.88
Change (%) 1.56%
Day's Open 251.24
Day's Range 250.88 - 253.94
Day's Volume 614,613
52-Week Range 177.11 - 319.79

ESS Stock News

Zacks Investment Research - 1 week ago

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

Insider Monkey - 1 week 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 .

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Seeking Alpha - 1 week ago

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

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Seeking Alpha - 2 weeks 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...

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Business Wire - 2 weeks 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 - 2 weeks ago

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

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Seeking Alpha - 3 weeks 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...

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Seeking Alpha - 4 weeks ago

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

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Seeking Alpha - 4 weeks 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.

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Seeking Alpha - 1 month 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 - 1 month 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...

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Seeking Alpha - 1 month 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...

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Seeking Alpha - 1 month 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.

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Seeking Alpha - 1 month ago

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

Zacks Investment Research - 1 month 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 - 1 month 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.

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Zacks Investment Research - 1 month 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 - 1 month 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 - 1 month 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...

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Seeking Alpha - 1 month 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 ...

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Zacks Investment Research - 1 month 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 - 1 month 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...

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Seeking Alpha - 1 month ago

Essex Property Trust Is A Buy For Dividend Growth Investors

Seeking Alpha - 1 month ago

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

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Investopedia - 1 month ago

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

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Seeking Alpha - 1 month ago

Unique Doesn't Mean Useful

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Seeking Alpha - 1 month ago

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

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Seeking Alpha - 1 month ago

5 Resilient Low-Risk Dividend Aristocrats For A Volatile Fall

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Seeking Alpha - 1 month ago

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

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Seeking Alpha - 1 month ago

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

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Seeking Alpha - 1 month ago

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

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Seeking Alpha - 1 month ago

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

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Seeking Alpha - 2 months ago

The election is around the corner, the president has tested positive, and the pandemic continues.

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Seeking Alpha - 2 months ago

Great Apartments At 30% Off

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Seeking Alpha - 2 months ago

Netflix CEO Reed Hastings recently did a killer interview with The Wall Street Journal.

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Seeking Alpha - 2 months ago

For many, real estate is the definition of stability in the investing world.

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Seeking Alpha - 2 months ago

The market is often ruled by narratives that are inaccurate.

Business Wire - 2 months ago

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

Seeking Alpha - 2 months ago

Many apartment REITs remain at substantial discounts to NAV. There is a clear correlation with coastal properties and larger discounts to NAV.

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Seeking Alpha - 2 months ago

When you buy stocks on margin, you’re essentially leveraging investment returns with debt, and assets carried on high margin involves substantial risk.

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Seeking Alpha - 2 months ago

Why New Investors Choose Bad REITs

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Seeking Alpha - 2 months ago

I keep more cash on hand than the experts recommend.

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Seeking Alpha - 2 months ago

West Coast apartment real estate seems to have underperformed apartment real estate from other geographic regions.

Seeking Alpha - 2 months ago

When I posted my monthly update and noted my large increase in my cash position, from 4% to over 10%, some readers messaged/asked me how I intend to invest this.

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Seeking Alpha - 2 months ago

Tech clearly has been the winner so far in 2020, thanks to positive sentiment. Much of these gains were driven by multiple expansion, not by underlying earnings growth.

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Seeking Alpha - 2 months ago

Essex Property Trust: Why This REIT Is My Largest Position

Seeking Alpha - 2 months ago

Gateway cities have been plagued by severe economic decline, strict lockdowns, rising violent crime, housing unaffordability, and remote work shift.

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Seeking Alpha - 2 months ago

Volatility is back, with stocks selling off 4.3% in the last two days. Far larger declines might be coming soon, up to 10% according to some analysts, perhaps more.

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Seeking Alpha - 2 months ago

Volatility is back, with stocks selling off 4.3% in the last two days. Far larger declines might be coming soon, up to 10% according to some analysts, perhaps more.

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Business Wire - 3 months ago

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc.

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.... Full company profile.

Industry
REIT-Residential
IPO Date
Jun 6, 1994
CEO
Michael Schall
Employees
1,822
Stock Exchange
NYSE
Ticker Symbol
ESS
Full Company Profile

Financial Performance

In 2019, ESS's revenue was $1.46 billion, an increase of 4.29% compared to the previous year's $1.40 billion. Earnings were $439.29 million, an increase of 12.59%.

Financial Statements

Analyst Forecasts

The average 12-month stock price forecast for ESS is 255.32, which is an increase of 1.02% from the latest price.

Price Target
$255.32
(1.02% upside)