MARKET COMPOSITE
ESS - Essex Property Trust, Inc.8:00:02 PM 3/28/2024
Price
$244.81
+ 3.40 (1.41%)
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments, primarily on the West Coast of the United States. As of December 31, 2019, the company owned interests in 250 apartment complexes, aggregating 60,570 apartment units, and 1 office building comprising 106,716 square feet.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue2.8MM+1%
Operating Income130.3MM-1%
Operating Expenses-127.5MM-
Net Income70.3MM-24%
G&A19.7MM+35%
Interest Expense55.1MM+2%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    Essex Property (ESS) acquires its joint venture partner's 49.9% stake in the BEXAEW portfolio, which comprises four properties and generated an 11.4% IRR.

    SAN MATEO, Calif., March 25, 2024--Essex Property Trust, Inc. (NYSE:ESS) announced today that it acquired its joint venture partner’s 49.9% interest in the BEXAEW portfolio for a total purchase price of $505.0 million on a gross basis. The seller’s cap rate is approximately 5.25%; however, after incorporating additional economic benefits by fully integrating this portfolio into our operating platform, we estimate a 5.9% year-one yield. Concurrent with closing, the Company repaid $219.9 million o

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

    Essex Property (ESS) is likely to benefit from favorable West Coast market fundamentals and a healthy balance sheet. However, an elevated supply in some markets and high interest rates are worrisome.

    Investors who purchase real estate investment trusts (REITs) often do so for the income that most REITs produce in the form of monthly or quarterly dividends. When REITs announce dividend increases, investors either celebrate a raise in annual income or a chance to reinvest in an increased number of shares of the stock. In addition to these increases, dividend raises signify a REIT's belief in its ability to continue generating strong revenue and earnings that allow it to continue providing shar

    SAN MATEO, Calif., March 07, 2024--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 $350 million aggregate principal amount of 5.500% senior notes due 2034 (the "Notes"). The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the

    Essex Property Trust Inc (NYSE:ESS) experienced an insider sell on February 28, 2024, according to a recent SEC filing.

    SAN MATEO, Calif., March 01, 2024--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time.

    It's always interesting to see the nuances of consistency when analysts raise price targets on stocks. Often, they will increase price targets on groups of stocks in a certain sector. Sometimes an analyst will announce price hikes that are similar to one or two other analysts from the same firm on the same day. Is that a coincidence? It doesn't seem to be. For example, on Feb. 26, three Morgan Stanley analysts maintained Equal-Weight ratings on six different REITs, while raising the price target

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