Quarterly Dividend of $1.10 Announced by Essex Property Trust Inc (ESS)
Essex Property Trust (NYSE:ESS) announced a quarterly dividend on Friday, December 7th. Investors of record on Wednesday, January 2nd will be paid a dividend of $1.10 per share on Tuesday, January 15th. This represents a $4.40 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, December 28th.
Several analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald cut their price target on shares of Essex Property Trust from $160.50 to $149.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. On a related note, analysts at ISI Group upgraded shares of Essex Property Trust from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 3rd. They now have a $159.00 price target on the stock, up previously from $156.00. Finally, analysts at BMO Capital Markets upgraded shares of Essex Property Trust from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, November 29th. They now have a $153.00 price target on the stock, up previously from $152.00.
Shares of Essex Property Trust (ESS) traded up 0.06% during mid-day trading on Friday, hitting $142.62. Essex Property Trust (ESS) has a one year low of $131.18 and a one year high of $161.53. The company has a market cap of $5.210 billion and a P/E ratio of 54.71.
Essex Property Trust last announced its earnings results on Wednesday, October 31st. The company reported $1.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.68 by $0.03. On average, analysts predict that Essex Property Trust (ESS) will post $6.72 earnings per share for the current fiscal year.
Essex Property Trust, Inc. (Essex) operates as a self-administered and self-managed real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.