Essex Property Trust is a residential REIT company located in California, United States, which is part of the Real Estate sector, and is traded under the ticker ESS on the NYSE exchange.
Essex Property Trust stock last closed at $233.97, up 0.57% from the previous day, and has increased 10.31% in one year. It has overperformed other stocks in the REIT - Residential industry by 0.14 percentage points. Essex Property Trust stock is currently +14.78% from its 52-week low of $203.85, and -7.47% from its 52-week high of $252.85.
There are currently 64.2M shares of ESS outstanding. The market capitalization of ESS is $15.02B. In the past 24 hours, 284,958 ESS shares were traded.
How to Buy Essex Property Trust Stock
Wondering how to invest in Essex Property Trust stock? Here's how.
Figure out where to buy Essex Property Trust stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Essex Property Trust stock.
Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Deposit funds into your brokerage account: Pick your method of payment and add your information.
Research Essex Property Trust stock: The Essex Property Trust ticker symbol is ESS. Is Essex Property Trust stock a good investment? Should you buy shares of ESS? How do ESS's underlying business fundamentals look? Do top analysts think Essex Property Trust is a good buy? Why has ESS's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if ESS is a good stock to buy).
Execute your ESS buy order: Decide if you will purchase ESS shares at the current market price or use a limit order to buy ESS shares at a specific price.
Keep an eye on your ESS position: Create a watchlist to important notifications about your position in Essex Property Trust stock.
Step 1: Figure out where to buy Essex Property Trust stock
You need a brokerage account in order to access the NYSE market and buy ESS shares.
A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.
Our preferred brokerage: eToro
We believe that eToro is the best stock brokerage. Here's why:
Invest in stocks with 0% commissions: Invest without commissions.
Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
Access to world markets: From Tech to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the world's leading exchanges.
Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of top investors.
Security: eToro is a regulated and licensed fintech leader.
Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro today.
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.
Step 2: Open your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal info so you are able to invest in ESS today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Research Essex Property Trust stock
Once you have selected the best place to buy Essex Property Trust stock, it's crucial to analyze their stock before you invest, so you can comprehend the risk as well as the opportunity.
Essex Property Trust shares at a glance
ESS Price
$233.97
1w %
-4.21%
1y %
10.31%
5y %
-15.93%
P/E
37.02x
P/B
2.77x
P/S
9.01x
PEG
0.85x
Revenue
$1.67B
Earnings
$405.83M
Fore. Rev. Growth
2.87%
Fore. Earn. Growth
43.59%
Market Cap
$15.02B
Next Earnings
May 1, 2024
Next Dividend
N/A
Essex Property Trust Overview
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on ESS's stock page.
How is ESS stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ESS's fair value.
Using relative valuations measures:
ESS could be overvalued based on its P/E ratio of 37.02x, relative to REIT - Residential industry P/E ratio of 16.02x
ESS may be overvalued based on its P/B ratio of 2.77x, relative to REIT - Residential industry P/B ratio of 2.21x
ESS may be undervalued based on its PEG ratio of 0.85x
ESS has a relatively high debt to equity ratio of 1.24.
ESS profit margin has gone down from 25.4% to 24.3% in the past year.
ESS earnings of $618.73M is not enough to cover its interest payments.
ESS's operating cash flow of $980.06M allows it to safely service it's debt of $6.27B.
Total ESS debt is higher than 5 years ago, relative to shareholder equity.
Is ESS stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 13 Equities analysts who give forecasts on ESS, the consensus analyst rating on ESS is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent ESS Analyst Upgrades/Downgrades
Vikram Malhorta, a bottom 6% analyst from Mizuho upgrades ESS to a strong buy rating and lowers their ESS price target from $255.00 to $250.00, on Feb 28, 2024.
Adam Kramer, a bottom 19% analyst from Morgan Stanley maintains ESS with a hold rating and raises their ESS price target from $227.00 to $230.00, on Feb 26, 2024.
Chandni Luthra, a bottom 8% analyst from Goldman Sachs reinstates ESS with a strong sell rating and announces their ESS price target of $227.00, on Feb 22, 2024.
Anthony Powell, a bottom 5% analyst from Barclays maintains ESS with a strong sell rating and raises their ESS price target from $224.00 to $225.00, on Feb 20, 2024.
Brad Heffern, a bottom 8% analyst from RBC Capital maintains ESS with a buy rating and raises their ESS price target from $237.00 to $239.00, on Feb 8, 2024.
Last year, ESS earnings were $405.83M. Over the past five year, ESS's earnings have increased by 1.35% per year. This was slower than the REIT - Residential industry average of 12.7%.
Last year, ESS revenue was $1.67B. Over the past 5 year, ESS's revenue has grown by 3.58% per year. This was slower than the REIT - Residential industry average of 7.7%.
Essex Property Trust pays a dividend of 4.01%, compared to the REIT - Residential industry's average dividend yield of 4.29%. If you owned $1,000 of ESS stock, you would have been paid $40.09 in the past 12 months.
Essex Property Trust dividend payments have consistently grown over the past decade and have remained stable.
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your ESS buy order
There are two primary options:
Market order: A market order is an order to buy or sell a stock at the best possible price. Market orders are mostly fine for most investors.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to make sure you're buying or selling at a given price, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you need additional help with buying stocks on eToro, watch the helpful video below:
How much does it cost to buy one Essex Property Trust share?
As of Apr 18, 2024, it costs $233.97 to buy one share of Essex Property Trust stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.427 shares of ESS.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.