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Essex Property Trust (ESS)

(Delayed Data from NYSE)

$285.96 USD

285.96
232,067

-5.10 (-1.75%)

Updated Jul 24, 2024 04:00 PM ET

After-Market: $285.89 -0.07 (-0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value B Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 19% (47 out of 250)

Industry: REIT and Equity Trust - Residential

Better trading starts here.

Zacks News

Here's Why You Should Retain Mid-America (MAA) in Your Portfolio

A well-diversified portfolio, and redevelopment and technology initiatives are likely to support Mid-America's (MAA) performance, though high supply and elevated interest rates remain concerns.

Should You Retain AvalonBay (AVB) Stock in Your Portfolio Now?

AvalonBay (AVB) benefits from high-quality assets, portfolio diversification, technological improvements and a healthy balance sheet. However, an elevated supply of rental units and high interest rates ail.

Can PULSE Business Growth Propel Discover's (DFS) Q2 Earnings?

Discover Financial's (DFS) second-quarter results are likely to be aided by higher average receivables and growth in PULSE volume, partly offset by an elevated expense level.

Is it Wise to Hold Equity Residential (EQR) in Your Portfolio?

Equity Residential's (EQR) portfolio diversification efforts, technology initiatives and decent financial position bode well for growth despite higher deliveries and elevated interest rates.

Here's Why You Should Retain UDR Stock in Your Portfolio Now

UDR's geographically diverse portfolio, technological moves and healthy balance sheet position bode well for growth. However, elevated deliveries and high interest rates are headwinds.

AmEx (AXP) Launches Rewards Card for Australia's Gen Z & Millennials

American Express (AXP) introduces a new rewards card, targeting young Australians with lucrative points on dining, retail and streaming services.

Essex Property (ESS) Up 9.1% in 3 Months: Will the Trend Last?

A sturdy property base in the West Coast market with favorable demand drivers is likely to aid Essex Property (ESS). Technology initiatives to drive margins and a healthy balance sheet bode well for long-term growth.

Equity Residential (EQR) Stock Up 10.3% YTD: Will the Trend Last?

Healthy demand for rental units in its markets is likely to aid Equity Residential (EQR). Portfolio diversification efforts, technology initiatives to drive margins and a decent financial position bode well.

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.

AvalonBay (AVB) Rises 13.4% in 3 Months: Will the Trend Last?

Healthy demand for residential properties and efforts to leverage technology and scale are likely to drive AvalonBay's (AVB) performance. However, the elevated supply of rental units is a concern.

Is it Wise to Retain Essex Property (ESS) in Your Portfolio?

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

Essex Property (ESS) Q1 FFO & Revenues Beat, '24 View Revised

Essex Property's (ESS) Q1 results reflect improving same-property revenues. This residential REIT has also revised its 2024 guidance.

Essex Property Trust (ESS) Reports Q1 Earnings: What Key Metrics Have to Say

The headline numbers for Essex Property Trust (ESS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Essex Property Trust (ESS) Surpasses Q1 FFO and Revenue Estimates

Essex Property Trust (ESS) delivered FFO and revenue surprises of 2.41% and 1.08%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

The Zacks Analyst Blog Highlights Essex Property, UDR and Mid-America Apartment

Essex Property, UDR and Mid-America Apartment are included in this Analyst Blog.

Moumita C. Chattopadhyay headshot

Watch These 3 Residential REITs for Q1 Earnings: Beat or Miss?

Residential REITs are likely to have gained from portfolio diversification and technological initiatives in Q1, though high supply and elevated interest rates are likely to have acted as dampeners.

What's in Store for Essex Property (ESS) in Q1 Earnings?

While Essex Property's (ESS) Q1 results are likely to show the benefits of a solid property base and technological initiatives, elevated supply and higher interest expenses might have limited the growth tempo.

Should You Buy Essex Property Trust (ESS) Ahead of Earnings?

Essex Property Trust (ESS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

AvalonBay (AVB) Q1 FFO & Revenues Beat Estimates, View Raised

AvalonBay's (AVB) Q1 earnings reflect a year-over-year increase in same-store residential rental revenues. It has also raised its 2024 core FFO per share outlook.

Equity Residential (EQR) Q1 FFO Tops on Solid Demand, Cost Focus

Equity Residential's (EQR) Q1 results highlight healthy demand and cost containment efforts.

Equity Residential (EQR) Q1 FFO and Revenues Top Estimates

Equity Residential (EQR) delivered FFO and revenue surprises of 2.20% and 0.14%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Can a Soft Market Making Unit Hurt Virtu's (VIRT) Q1 Earnings?

Virtu Financial's (VIRT) Q1 results are likely to suffer from weakness in Execution Services segment and lower net trading income, partly offset by improved interest and dividends income.

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

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

Essex Property (ESS) Buys JV Partner's Stake in BEXAEW Portfolio

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.

CSR or ESS: Which Is the Better Value Stock Right Now?

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