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Essex Property Trust Inc ESS Stock Quote

| Rating as of

NYSE: ESS

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 223.42
  • Sector Real Estate
  • Industry REIT - Residential
  • Investment Style Mid Blend
  • Day Range 217.47  –  223.90
  • Year Range 205.24  –  363.36
  • Market Cap 14.4673 Bil
  • Volume / Avg 431,513.0 /  570,766.0
  • Price / Sales 9.32
  • Price / Book 2.54
  • Forward Div Yield 4.07%
  • Trailing Div Yield 3.94%

Morningstar‘s Stock Analysis ESS

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Essex Should Continue to See Same-Store Growth Drive Its Bottom Line

Kevin Brown Senior Analyst

Business Strategy and Outlook

| Kevin Brown |

Essex Property Trust is the most geographically focused multifamily real estate investment trust, with a portfolio of high-quality multifamily buildings positioned entirely on the West Coast: Los Angeles, San Diego, San Francisco, San Jose, and Seattle. These markets should experience strong, long-term demographic trends like job growth, income growth, decreasing homeownership rates, high relative cost of single-family housing, and attractive urban centers that draw younger populations, which allows the company to maintain high occupancies and drive rent growth above the U.S. average. We expect the company's markets to see job and income growth above national average, which should continue to support above average net operating income growth. The company's solid internal operating outlook should be supplemented by its small but opportunistic development pipeline to create value for shareholders.

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Key Statistics ESS

Company Profile ESS

Business Description

Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 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.

Contact
1100 Park Place, Suite 200
San Mateo, CA, 94403
Industry REIT - Residential
Employees 1,757

Related Articles ESS

FAQs for Essex Property Trust Inc Stock

Yes. ESS has a forward dividend yield of 4.07%. See ESS’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

ESS’s market cap is 14.47 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

ESS’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

ESS’s price/sales is 9.32.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

ESS’s price/forward earnings is 35.46.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

ESS’s price/book is 2.54.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See ESS’s valuation ratios compared to the Market Index.

ESS’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare ESS’s historical performance against its industry peers and the overall market.