Essex Property Trust, Inc. (ESS)
| Market Cap | 14.00B |
| Revenue (ttm) | 1.65B |
| Net Income (ttm) | 531.16M |
| Shares Out | 66.44M |
| EPS (ttm) | 8.21 |
| PE Ratio | 25.67 |
| Forward PE | 35.93 |
| Dividend | $9.24 (4.39%) |
| Ex-Dividend Date | Sep 28, 2023 |
| Volume | 376,798 |
| Open | 215.22 |
| Previous Close | 213.67 |
| Day's Range | 210.14 - 215.63 |
| 52-Week Range | 195.03 - 249.67 |
| Beta | 0.78 |
| Analysts | Hold |
| Price Target | 244.65 (+16.09%) |
| Earnings Date | Oct 25, 2023 |
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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development. [Read more]
Financial Performance
In 2022, ESS's revenue was $1.61 billion, an increase of 11.54% compared to the previous year's $1.44 billion. Earnings were $408.32 million, a decrease of -16.42%.
Financial StatementsAnalyst Forecast
According to 24 analysts, the average rating for ESS stock is "Hold." The 12-month stock price forecast is $244.65, which is an increase of 16.09% from the latest price.
News
Top 5 Real Estate Stocks That Could Lead To Your Biggest Gains In September - Alexander & Baldwin (NYSE:ALEX), Altisource Asset Mgmt (AMEX:AAMC)
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
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 $2.31 per common share, payable ...
Essex Property Trust to Present at The Bank of America Global Real Estate Conference 2023
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will participate in a roundtable presentation at the 2023 Bank of A...
Top Calls: Truist Adjusts View on Apartment REITs
Michael Lewis, Trust Securities Managing Director for REIT Equity Research, joins Katie Greifeld and Vonnie Quinn to discuss the big movers on the back of analyst recommendations on Bloomberg Markets:...
Essex Announces Second Quarter 2023 Results and Raises Full-Year 2023 Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its second quarter 2023 earnings results and related business activities. Net Income, Funds f...
Yield Curve Tests New Lows, Where Markets Are Seeking Safety
As markets come to a significant turning point, investors can benefit from understanding where money has been and where it may be going into, as pivots in the flow of investment preferences usually gi...
Essex Announces Release and Conference Call Dates for Its Second Quarter 2023 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2023 earnings after the market closes on Thursday, July 27, 2023. ...
Essex Property Trust Publishes 2022 ESG Report and Establishes New Set of Goals
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announces the publication of its 2022 Environmental, Social, and Governance (“ESG”) Report which recognizes the Company's many...
Essex Announces First Quarter 2023 Results and Increases Full-Year 2023 Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2023 earnings results and related business activities. Net Income, Funds fr...
Essex Announces Release and Conference Call Dates for Its First Quarter 2023 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2023 earnings after the market closes on Thursday, April 27, 2023. ...
Essex Property Trust to Present at The 2023 Citigroup Global Property CEO Conference
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 2023 Citi...
REITS to Consider as U.S. Housing Market Tumbles
As the dust settles and markets digest a dire realization, housing markets - which seemed to be the focus for investors and home buyers alike during the 2020-2022 period - are becoming an area of peri...
Essex Announces its 29th Consecutive Annual Dividend Increase
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 5.0% increase to its annual cash dividend. This represents the Comp...
Essex Announces Fourth Quarter and Full-Year 2022 Results and 2023 Guidance
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its fourth quarter and full-year 2022 earnings results and related business activities. Net I...
Essex Property Trust Recognized in Newsweek's 2023 List of America's Most Responsible Companies and Bloomberg's 2023 Gender-Equality Index
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) (the “Company”) announced today that it has been named to Newsweek's 2023 list of America's Most Responsible Companies in ad...
Essex Reports Characteristics of 2022 Dividends
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2022 distributions to shareholders. The 2022 distribution characteristics a...
Essex Announces Release and Conference Call Dates for Its Fourth Quarter 2022 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2022 earnings after the market closes on Tuesday, February 7, 20...
3 REIT Stocks in Chris Davis' Portfolio Reach 52-Week Lows
With only a little over a month left in what has been a turbulent year, a handful of stocks in Chris Davis (Trades, Portfolio)' equity portfolio are trading near their 52-week lows as the market conti...
3 Real Estate Stocks in Chris Davis' Portfolio Reach 52-Week Lows
With only a little over a month left in what has been a turbulent year, a handful of stocks in Chris Davis (Trades, Portfolio)' equity portfolio are trading near their 52-week lows as the market conti...
Essex Announces Release and Conference Call Dates for Its Third Quarter 2022 Earnings
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its third quarter 2022 earnings after the market closes on Wednesday, October 26, 202...
Apartment demand unexpectedly fell during its busiest season, according to a new report
It's the first time the rental technology platform RealPage has recorded a third-quarter drop in the 30 years it's been tracking the metric.
Apartment demand drops — first Q3 drop in 30 years
CNBC's Diana Olick reports on apartment demand across the country.
Essex Announces the Planned Retirement of Michael J. Schall as President & CEO and Appointment of Angela L.
SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the planned retirement of Michael J. Schall, the Company's President and CEO since 2011, effective March 31, 2...