Essex Property Trust
ESS

$298.21

1.26%

Market Cap: $19.2B

About: Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

Employees: 1,750

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 18 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

133% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 7 (+4) [Q2]

81% more call options, than puts

Call options by funds: $14M | Put options by funds: $7.73M

77% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 47

13% more capital invested

Capital invested by funds: $14.9B [Q1] → $16.8B (+$1.86B) [Q2]

7% more funds holding

Funds holding: 531 [Q1] → 567 (+36) [Q2]

1.16% more ownership

Funds ownership: 94.79% [Q1] → 95.94% (+1.16%) [Q2]

12% less repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 213

See Fund Rankings

Research analyst outlook

18 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$260

13%

downside

Avg. target

$295

1%

downside

High target

$355

19%

upside

18 analyst ratings

7 positive

39%

11 neutral

61%

0 negative

0%

Goldman Sachs Julien Blouin 100% 1-year accuracy 4 / 4 met price target	7%upside $318	Neutral Initiated	4 Sept 2024
Raymond James Buck Horne 67% 1-year accuracy 16 / 24 met price target	9%upside $325	Outperform Maintained	29 Aug 2024
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target	5%downside $283	In-Line Maintained	28 Aug 2024
Truist Securities Michael Lewis 84% 1-year accuracy 37 / 44 met price target	1%downside $294	Hold Maintained	27 Aug 2024
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target	19%upside $355	Overweight Maintained	26 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 12 articles about ESS published over the past 30 days

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 October 11, 2024 to shareholders of record as of September 30, 2024. About Essex Property Trust, Inc. 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.

Essex Property Trust Declares Quarterly Distributions

24/7 Wall Street

5 Safe Dividend Aristocrat Favorites Can Survive a Fall Market Sell-Off

24/7 Wall St. Insights The S&P 500 is up a stunning 16.5% this year, after a massive 2023.

5 Safe Dividend Aristocrat Favorites Can Survive a Fall Market Sell-Off

Zacks Investment Research

Essex Property Rises 23.1% in 6 Months: Will the Trend Last?

A sturdy property base in the West Coast market with favorable demand drivers is likely to aid ESS. Technology initiatives and a healthy balance sheet bode well.

Essex Property Rises 23.1% in 6 Months: Will the Trend Last?

A Summer To Remember

U.S. equity markets climbed to record-highs while benchmark interest rates rebounded from eight-month lows on a relatively quiet end-of-summer week as investors parsed a 'Goldilocks' slate of economic data. PCE data showed modest inflationary pressures in July - keeping the Fed on course for multiple rate cuts by year-end - while consumer spending and consumer confidence data topped estimates. Posting gains for a fourth week following a three-week skid in late July, the S&P 500 gained another 0.3% this week. The Dow Jones finished the week at all-time record-highs.

A Summer To Remember

The Time Has Come

U.S. equity markets rallied this week while benchmark interest rates tumbled to the lows of the year after Fed Chair Powell stated that the "time has come" to cut rates. The dovish pivot, underscored by an emphasis on "cooling labor markets," was further supported by data from the BLS showing that job growth has been far weaker than initially reported. The S&P 500 gained 1.4% this week, lifting the major benchmark to back within 0.5% of all-time record-highs. The Small-Cap 600 and Mid-Cap 400 each rallied nearly 3%.

The Time Has Come

The Motley Fool

Beyond the Recession Hype: 3 Unstoppable Stocks That Can Reward You for Years

Essex Property Trust has raised its dividend in each of the last three recessions. EastGroup Properties has given its investors a raise for a dozen straight years.

Beyond the Recession Hype: 3 Unstoppable Stocks That Can Reward You for Years

Essex Property Trust Prices $200 Million Add-On Offering of its Senior Notes Due 2034 with a Reoffer Yield of 5.110%

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 offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110% (the “notes”). The notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued $350 million of 5.500% senior notes due 2034 (the “initial notes”). The notes w.

Essex Property Trust Prices $200 Million Add-On Offering of its Senior Notes Due 2034 with a Reoffer Yield of 5.110%

Chasing Goldilocks

U.S. equity markets rallied while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further encouraging signs of cooling price pressures. The Consumer Price Index posted a downside surprise for a fourth straight month, underscored by a "2-Handle" on Headline CPI, which follows a period of historically high inflation from 2021 to 2023. Sparking a renewed "Goldilocks" narrative, Retail Sales data was notably stronger than expected in July - posting its strongest monthly increase in 18 months - while Jobless Claims also moderated.

Chasing Goldilocks

Zacks Investment Research

4 Reasons to Add Essex Property (ESS) to Your Portfolio Now

Essex Property (ESS) is likely to benefit from its strong property base on the West Coast, favorable demographics and a solid balance sheet.

4 Reasons to Add Essex Property (ESS) to Your Portfolio Now

Essex Property Trust: High-Quality REIT With A Growing Dividend

Essex Property Trust focuses on three different supply-constrained markets across the US West Coast. Both enduring demand and limited supply are working in its favor. It has increased its dividend for 30 consecutive years. That easily qualifies the company for its vaunted status as a Dividend Aristocrat - one of only three REITs that can claim such a thing. On the other hand, the stock's 3.5% yield is on the low side for a REIT. But this yield easily beats the market and is 30 basis points higher than its own five-year average.

Essex Property Trust: High-Quality REIT With A Growing Dividend

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