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Essex Property Trust, Inc. (ESS)

NYSE: ESS · IEX Real-Time Price · USD
335.36 2.38 (0.71%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap21.77B
Revenue (ttm)1.44B
Net Income (ttm)402.70M
Shares Out65.00M
EPS (ttm)6.19
PE Ratio54.20
Forward PE59.52
Dividend$8.34 (2.49%)
Ex-Dividend DateSep 29, 2021
Volume124,917
Open333.98
Previous Close332.98
Day's Range333.86 - 336.50
52-Week Range180.85 - 336.99
Beta0.74
AnalystsBuy
Price Target345.76 (+3.1%)
Est. Earnings DateOct 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.

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateJun 6, 1994
CEOMichael Schall
Employees1,763
Stock ExchangeNYSE
Ticker SymbolESS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$345.76
(3.10% upside)
Analyst Consensus: Buy

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.

1 hour ago - Zacks Investment Research

7 Housing Stocks to Buy to Keep You Ahead of Inflation

The housing market was one of the first to show the effect of inflation on the economy. These housing stocks get ahead of that problem.

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2 days ago - InvestorPlace

These 3 Stocks Pay Safe $6,900 Dividends On Every $100K Invested

Investors are sitting on a shot at 100% dividend growth and a safe 6.9% yield—and most don't even know it.

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1 week ago - Forbes

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...

2 weeks ago - Business Wire

7 Best Stocks to Buy for the California Recall Results

With Governor Newsom securing his job after a controversial recall election, these stocks to buy may benefit the most. The post 7 Best Stocks to Buy for the California Recall Results appeared first on I...

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3 weeks ago - InvestorPlace

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...

1 month ago - Benzinga

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...

1 month ago - Business Wire

7 Stocks To Buy if You Expect Housing Prices To Continue Rising

The real estate boom has been one of the most perplexing but if you believe that it can still move forward, here are the stocks to buy. The post 7 Stocks To Buy if You Expect Housing Prices To Continue ...

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1 month ago - InvestorPlace

APTS vs. ESS: Which Stock Should Value Investors Buy Now?

APTS vs. ESS: Which Stock Is the Better Value Option?

Other symbols:APTS
1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

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%.

1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

Nuveen's Carly Tripp on housing market: Price gains strong, but no bubble

Carly Tripp, Nuveen Real Estate global chief investment officer and head of investments, joins 'Closing Bell' to discuss if the housing market is showing signs of a bubble.

Other symbols:AIRCAMHAVB
1 month ago - CNBC Television

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.

2 months ago - Zacks Investment Research

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?

2 months ago - Zacks Investment Research

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...

2 months ago - Business Wire

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.

2 months ago - Zacks Investment Research

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 ...

3 months ago - Business Wire

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...

3 months ago - Business Wire

7 Apartment REITs to Buy as Rent Prices Get Set to Surge

With a hot housing market forcing people to become renters, apartment REITs could see their valuations rise significantly. The post 7 Apartment REITs to Buy as Rent Prices Get Set to Surge appeared firs...

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4 months ago - InvestorPlace

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.

4 months ago - Zacks Investment Research

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...

4 months ago - Business Wire

7 Best Stocks for Inflation-Spooked Investors

The prospect of a post-pandemic bounceback in our economy has increased fears of inflation. These seven stocks could act as hedges.

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4 months ago - InvestorPlace

Essex Property Trust (ESS) Up 2.1% Since Last Earnings Report: Can It Continue?

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

4 months ago - Zacks Investment Research

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.

4 months ago - Zacks Investment Research