Essex Property Trust, Inc. (ESS)

NYSE: ESS · IEX Real-Time Price · USD
210.74
-2.93 (-1.37%)
At close: Sep 27, 2023, 4:03 PM
209.90
-0.84 (-0.40%)
Pre-market: Sep 28, 2023, 4:00 AM EDT
-1.37%
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]

Sector Real Estate
IPO Date Jun 6, 1994
Employees 1,772
Stock Exchange NYSE
Ticker Symbol ESS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$244.65
(16.09% upside)
Analyst Consensus: Hold
Stock Forecasts

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.

Other symbols: AAMCALEXMAA
15 days ago - Benzinga

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 ...

20 days ago - Business Wire

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...

20 days 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
27 days 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...

2 months ago - Business Wire

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...

Other symbols: DHINVDASMHTSN
2 months ago - MarketBeat

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. ...

3 months 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.

3 months ago - Market Watch

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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. ...

6 months ago - Business Wire

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...

7 months ago - Business Wire

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...

Other symbols: HIWVNQ
7 months ago - MarketBeat

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...

7 months ago - Business Wire

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...

8 months ago - Business Wire

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

9 months ago - Business Wire

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...

Other symbols: BXPEXR
10 months ago - GuruFocus

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...

Other symbols: BXPEXR
10 months ago - GuruFocus

Essex Announces Third Quarter 2022 Results

SAN MATEO, Calif.

1 year ago - Business Wire

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...

1 year ago - Business Wire

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.

Other symbols: AVBEQR
1 year ago - CNBC

Apartment demand drops — first Q3 drop in 30 years

CNBC's Diana Olick reports on apartment demand across the country.

Other symbols: AVBEQR
1 year ago - CNBC Television

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...

1 year ago - Business Wire