Essex Property Trust, Inc. (ESS)

NYSE: ESS · IEX Real-Time Price · USD
284.79
+0.65 (0.23%)
Jul 19, 2024, 4:00 PM EDT - Market closed
0.23%
Market Cap 18.29B
Revenue (ttm) 1.68B
Net Income (ttm) 525.02M
Shares Out 64.21M
EPS (ttm) 8.18
PE Ratio 34.82
Forward PE 53.27
Dividend $9.80 (3.44%)
Ex-Dividend Date Jun 28, 2024
Volume 195,110
Open 285.64
Previous Close 284.14
Day's Range 281.79 - 286.74
52-Week Range 203.85 - 289.08
Beta 0.87
Analysts Hold
Price Target 257.74 (-9.5%)
Earnings Date Jul 30, 2024

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]

Sector Real Estate
IPO Date Jun 6, 1994
Employees 1,750
Stock Exchange NYSE
Ticker Symbol ESS
Full Company Profile

Financial Performance

In 2023, ESS's revenue was $1.67 billion, an increase of 3.89% compared to the previous year's $1.61 billion. Earnings were $405.83 million, a decrease of -0.61%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for ESS stock is "Hold." The 12-month stock price forecast is $257.74, which is a decrease of -9.50% from the latest price.

Price Target
$257.74
(-9.50% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Essex Announces Release and Conference Call Dates for Its Second Quarter 2024 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its second quarter 2024 earnings after the market closes on Tuesday, July 30, 2024. A...

17 days ago - Business Wire

Top 4 Real Estate Stocks That May Plunge This Month

As of June 17, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: IHTIRMNSA
4 weeks ago - Benzinga

Essex Property Trust CEO on rent inflation and state of the apartment market

Essex Property Trust CEO Angela Kleiman sits down with CNBC's Diana Olick to discuss the slowdown of apartment building construction, continued supply and affordability challenges, and more.

6 weeks ago - CNBC Television

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 $2.45 per common share, payable ...

2 months ago - Business Wire

Essex Property Trust Publishes Sixth Annual ESG Report

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announces the publication of its 2023 Environmental, Social, and Governance (“ESG”) Report which highlights the Company's nota...

2 months ago - Business Wire

Essex Announces First Quarter 2024 Results and Raises Full-Year 2024 Guidance

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its first quarter 2024 earnings results and related business activities. Net Income, Funds fr...

2 months ago - Business Wire

Essex Announces Release and Conference Call Dates for Its First Quarter 2024 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its first quarter 2024 earnings after the market closes on Tuesday, April 30, 2024. A...

3 months ago - Business Wire

Essex Property Trust Acquires Joint Venture Partner's Interest in Four Communities Comprising 1,480 Apartment Homes

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it acquired its joint venture partner's 49.9% interest in the BEXAEW portfolio for a total purchase price...

4 months ago - Business Wire

3 AI Stocks Everyone's Missed

AI stocks are booming—but they're an absolute “dividend desert” for us contrarian income-seekers.

Other symbols: METASRE
4 months ago - Forbes

Essex Property Trust Prices $350 Million of Senior Notes

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) (“Essex”) announced today that its operating partnership, Essex Portfolio, L.P. (the “Issuer”), priced an underwritten public ...

4 months ago - Business Wire

Essex Property Trust to Present at The 2024 Citigroup Global Property CEO Conference

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citi...

5 months ago - Business Wire

Retail real estate 'under invested in' and outlook is strong, says Nuveen's Carly Tripp

Carly Tripp, Nuveen Real Estate Head of Investments, joins 'Closing Bell Overtime' to talk pending home sales dropping in January.

Other symbols: AIRCAMHAVBXRT
5 months ago - CNBC Television

Essex Announces its 30th 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 6.1% increase to its annual cash dividend. This represents the Comp...

5 months ago - Business Wire

Essex Announces Fourth Quarter and Full-Year 2023 Results and 2024 Guidance

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its fourth quarter and full-year 2023 earnings results and related business activities. Net I...

5 months ago - Business Wire

Essex Reports Characteristics of 2023 Dividends

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2023 distributions to shareholders. The 2023 distribution characteristics are...

6 months ago - Business Wire

Essex Announces Release and Conference Call Dates for Its Fourth Quarter 2023 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its fourth quarter 2023 earnings after the market closes on Tuesday, February 6, 2024...

7 months ago - Business Wire

67 Best Dividend Stocks for Dependable Dividend Growth

The highest yield isn't everything when it comes to finding the best dividend stocks. Income investors know there's no substitute for regular dividend increases over the long haul.

9 months ago - Kiplinger

Essex Announces Third Quarter 2023 Results

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE: ESS) (the “Company”) announced today its third quarter 2023 earnings results and related business activities. Net Income, Funds fr...

9 months ago - Business Wire

Essex Announces Release and Conference Call Dates for Its Third Quarter 2023 Earnings

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that it plans to release its third quarter 2023 earnings after the market closes on Thursday, October 26, 2023...

10 months ago - Business Wire

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.

Other symbols: AAMCALEXMAANXDT
11 months ago - Benzinga

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...

11 months ago - Business Wire

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:...

Other symbols: AIRCUDR
11 months ago - Bloomberg Markets and Finance

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...

1 year ago - Business Wire

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. ...

1 year ago - Business Wire

Don't be a landlord—own these REITs instead

Who would be a landlord? The costs are high, the risks are huge, and the so-called “passive income” is uncertain.

1 year ago - Market Watch