Essex Property Trust (ESS) Scheduled to Post Quarterly Earnings on Tuesday

Essex Property Trust (NYSE:ESS) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $3.74 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Essex Property Trust Stock Down 0.1 %

Shares of ESS stock opened at $246.92 on Monday. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 3.65 and a beta of 0.80. Essex Property Trust has a one year low of $203.85 and a one year high of $252.85. The company’s fifty day moving average price is $238.81 and its 200-day moving average price is $231.97. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.26 and a quick ratio of 3.26.

Essex Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $2.45 per share. This represents a $9.80 annualized dividend and a dividend yield of 3.97%. This is an increase from Essex Property Trust’s previous quarterly dividend of $2.31. The ex-dividend date was Wednesday, March 27th. Essex Property Trust’s dividend payout ratio (DPR) is presently 155.31%.

Analyst Ratings Changes

A number of analysts have issued reports on ESS shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $227.00 price target on shares of Essex Property Trust in a report on Thursday, February 22nd. Barclays lifted their price target on shares of Essex Property Trust from $224.00 to $225.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. Stifel Nicolaus reduced their price target on shares of Essex Property Trust from $225.00 to $223.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Piper Sandler reiterated an “overweight” rating and issued a $291.00 price target on shares of Essex Property Trust in a report on Tuesday, March 26th. Finally, StockNews.com downgraded shares of Essex Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 13th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $245.37.

About Essex Property Trust

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.