UP!
|
Type
|
Public company |
|---|---|
| Traded as | NYSE: ESS S&P 500 Index component |
| Industry | Apartments |
| Founded | 1971 (1971) |
| Founder | George M. Marcus |
| Headquarters | San Mateo, California |
|
Key people
|
George M. Marcus, Chairman Michael J. Schall, CEO |
| Revenue |  $1.285 billion (2016) |
|
Net income
|
$0.438 billion (2016) |
| Total assets | $12.217 billion (2016) |
| Total equity |  $6.192 billion (2016) |
|
Number of employees
|
1,799 (2016) |
| Website | www |
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, 2016, the company owned interests in 245 apartment complexes, aggregating 59,645 apartment units, and 2 office buildings comprising 140,564 square feet.
The company was founded in 1971 by billionaire George M. Marcus, who also founded Marcus & Millichap that same year.
On June 13, 1994, the company became a public company via an initial public offering.
In 2006, the company acquired 2 apartment complexes near Santa Barbara, California for $57.1 million.
In 2010, the company acquired a 231-unit apartment complex in San Jose, California for $54 million.
In 2013, the company sold a 400-unit apartment complex in Foster City, California for $138 million.
In 2014, the company acquired BRE Properties for $4.3 billion.
In 2014, the company was added to the S&P 500 Index.
In 2015, the company sold its Sharon Green Apartments in Menlo Park, California for $245 million, or $828,000 per apartment unit, a record sales price for the area. The company also acquired Enso Apartments in San Jose, California for $92.8 million, of $507,000 per apartment unit.
In January 2016, the company acquired a 103-unit apartment complex in Japantown, San Jose, California for $51.25 million, or $498,000 per apartment unit.
In January 2016, the company sold its former headquarters in Palo Alto, California to Google for $18 million.
In December 2016, the company acquired 2 properties in the San Fernando Valley for $185 million.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q4 2022 | 2023-02-07 | Future report Set alerts | |
| Q3 2022 | 2022-10-26 | 1.43 | 1.43 |
| Q2 2022 | 2022-07-26 | 0.87 | 0.87 |
| Q1 2022 | 2022-04-26 | 1.12 | 1.12 |
| Q4 2021 | 2022-02-02 | 2.10 | 2.10 |
| Q3 2021 | 2021-10-26 | 1.82 | 1.82 |
| Q2 2021 | 2021-07-29 | 1.00 | 1.00 |
| Q1 2021 | 2021-04-27 | 2.59 | 2.59 |
| Q4 2020 | 2021-02-04 | 1.47 | 1.47 |
| Q3 2020 | 2020-10-28 | 1.13 | 1.13 |
| 2016-06-28 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-06-20 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-06-08 | Downgrade | Jefferies Group | Buy to Hold | $265.00 to $230.00 |
| 2016-06-04 | Reiterated Rating | Cantor Fitzgerald | Buy | |
| 2016-05-16 | Upgrade | Capital One Financial Corp. | Equal Weight to Overweight | |
| 2016-05-16 | Upgrade | Cap One Securit | Equal Weight to Overweight | |
| 2016-05-05 | Upgrade | Raymond James | Market Perform to Outperform | $250.00 |
| 2016-05-05 | Upgrade | Raymond James Financial Inc. | Market Perform to Outperform | $250.00 |
| 2016-05-02 | Downgrade | Sandler O'Neill | Buy to Hold | |
| 2016-05-02 | Downgrade | Mizuho | Buy to Neutral | $249.00 to $238.00 |
| 2016-04-30 | Reiterated Rating | Credit Suisse | Hold | |
| 2016-04-30 | Reiterated Rating | Credit Suisse Group AG | Hold | |
| 2016-03-21 | Boost Price Target | Mizuho | $249.00 | |
| 2016-03-21 | Boost Price Target | Evercore ISI | $255.00 | |
| 2016-03-04 | Upgrade | SunTrust | Neutral to Buy | $262.00 to $257.00 |
| 2016-03-04 | Upgrade | SunTrust Banks Inc. | Neutral to Buy | $262.00 to $257.00 |
| 2016-03-02 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $259.00 to $250.00 |
| 2016-02-19 | Boost Price Target | Barclays | Equal Weight | $233.00 to $239.00 |
| 2016-02-19 | Boost Price Target | Barclays PLC | Equal Weight | $233.00 to $239.00 |
| 2016-02-10 | Upgrade | Zelman & Associates | Sell to Hold | |
| 2016-02-09 | Reiterated Rating | RBC Capital | Outperform | $258.00 to $253.00 |
| 2016-02-09 | Reiterated Rating | Royal Bank Of Canada | Outperform | $258.00 to $253.00 |
| 2016-02-08 | Reiterated Rating | Cantor Fitzgerald | Buy | $260.00 |
| 2016-02-08 | Upgrade | Mizuho | Neutral to Buy | $234.00 |
| 2016-02-08 | Reiterated Rating | Canaccord Genuity | Hold | $244.00 to $214.00 |
| 2016-02-08 | Lower Price Target | Credit Suisse | Neutral | $251.00 to $240.00 |
| 2016-01-27 | Downgrade | Zelman & Associates | Hold to Sell | |
| 2016-01-12 | Downgrade | Cowen and Company | Outperform to Market Perform | $245.00 to $248.00 |
| 2015-12-22 | Reiterated Rating | Cantor Fitzgerald | Buy | |
| 2015-12-16 | Lower Price Target | BMO Capital Markets | Market Perform | $238.00 |
| 2015-12-08 | Reiterated Rating | Mitsubishi UFJ Financial Group Inc | Neutral | |
| 2015-12-08 | Reiterated Rating | Mitsubishi UFJ Financial Group Inc. | Neutral | |
| 2015-11-26 | Boost Price Target | Barclays | Outperform | $161.00 to $169.00 |
| 2015-11-16 | Lower Price Target | JPMorgan Chase & Co. | Overweight | $266.00 to $259.00 |
| 2015-11-10 | Initiated Coverage | BB&T Corp. | Buy | $259.50 |
| 2015-11-02 | Reiterated Rating | Canaccord Genuity | Hold | $237.00 to $244.00 |
| 2015-11-02 | Boost Price Target | Citigroup Inc. | Neutral | $205.00 to $235.00 |
| 2015-11-02 | Boost Price Target | Evercore ISI | Buy | $241.00 to $247.00 |
| 2015-10-26 | Boost Price Target | Jefferies Group | Buy | $265.00 to $270.00 |
| 2015-10-20 | Reiterated Rating | JMP Securities | Market Outperform | $240.00 to $250.00 |
| 2015-10-20 | Boost Price Target | Barclays | Equal Weight | $230.00 to $247.00 |
| 2015-09-24 | Reiterated Rating | Cowen and Company | Buy | $245.00 |
| 2015-09-21 | Lower Price Target | Mizuho | Neutral | $240.00 to $230.00 |
| 2015-09-18 | Upgrade | Cantor Fitzgerald | Hold to Buy | $236.50 to $251.00 |
| 2015-09-18 | Initiated Coverage | DA Davidson | Neutral | $237.00 |
| 2015-09-15 | Initiated Coverage | JMP Securities | Market Outperform | $240.00 |
| 2015-09-08 | Lower Price Target | Evercore Partners Inc. | Buy | $257.00 to $241.00 |
| 2015-08-04 | Reiterated Rating | RBC Capital | Outperform | $250.00 to $256.00 |
| 2015-08-03 | Reiterated Rating | MLV & Co. | Hold | $237.00 |
| 2015-07-31 | Reiterated Rating | Cantor Fitzgerald | Hold | $236.50 |
| 2015-07-23 | Initiated Coverage | Canaccord Genuity | Hold | $235.00 |
| 2015-07-20 | Initiated Coverage | SunTrust | Neutral | $244.00 |
| 2015-07-18 | Lower Price Target | Barclays | Equal Weight | $230.00 to $223.00 |
| 2015-07-17 | Upgrade | Raymond James | Underperform to Market Perform | |
| 2015-07-03 | Reiterated Rating | JPMorgan Chase & Co. | Buy | |
| 2015-07-02 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $258.00 to $264.00 |
| 2015-07-02 | Reiterated Rating | Jefferies Group | Buy | $267.00 to $265.00 |
| 2015-07-02 | Reiterated Rating | Evercore ISI | Buy | $249.00 to $253.00 |
| 2015-06-09 | Reiterated Rating | Raymond James | Underperform | |
| 2015-06-09 | Reiterated Rating | Evercore ISI | Buy | $256.00 to $249.00 |
| 2015-05-27 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $255.00 to $258.00 |
| 2015-05-19 | Boost Price Target | Barclays | Equal Weight | $222.00 to $230.00 |
| 2015-05-19 | Reiterated Rating | RBC Capital | Outperform | |
| 2015-05-10 | Reiterated Rating | Evercore ISI | Buy | $248.00 to $256.00 |
| 2015-05-08 | Upgrade | Robert W. Baird | Neutral to Outperform | $239.00 to $248.00 |
| 2015-05-07 | Reiterated Rating | Cantor Fitzgerald | Hold | $228.50 |
| 2015-04-27 | Upgrade | Jefferies Group | Hold to Buy | $250.00 to $267.00 |
| 2015-04-24 | Reiterated Rating | Morgan Stanley | Overweight | |
| 2015-04-20 | Lower Price Target | Barclays | Equal Weight | $227.00 to $222.00 |
| 2015-04-09 | Initiated Coverage | Janney Montgomery Scott | Neutral | $231.00 |
| 2015-04-08 | Initiated Coverage | BMO Capital Markets | Market Perform | $233.00 |
| 2015-03-16 | Initiated Coverage | Robert W. Baird | Neutral | $239.00 |
| 2015-03-16 | Reiterated Rating | Jefferies Group | Hold | $223.00 to $250.00 |
| 2015-03-02 | Upgrade | Capital One Financial Corp. | Equal Weight to Overweight | |
| 2015-02-10 | Reiterated Rating | Citigroup Inc. | Hold | $205.00 to $235.00 |
| 2015-02-06 | Reiterated Rating | MLV & Co. | Hold | $236.00 |
| 2015-01-22 | Downgrade | Barclays | Overweight to Equal Weight | $204.00 to $225.00 |
| 2015-01-07 | Downgrade | Raymond James | Market Perform to Underperform | |
| 2014-11-25 | Boost Price Target | Barclays | Overweight | $201.00 to $204.00 |
| 2014-11-11 | Initiated Coverage | Credit Suisse | Neutral | |
| 2014-11-03 | Downgrade | Mizuho | Buy to Neutral | $211.00 |
| 2014-09-04 | Downgrade | UBS | Buy to Neutral | $195 |
| 2014-09-02 | Initiated Coverage | Capital One Financial Corp. | Equal Weight | |
| 2014-08-19 | Boost Price Target | Cowen and Company | $5.00 to $205.00 | |
| 2014-08-18 | Boost Price Target | Jefferies Group | $187.00 to $195.00 | |
| 2014-08-13 | Upgrade | RBC Capital | Sector Perform to Outperform | $188.00 to $214.00 |
| 2014-08-12 | Reiterated Rating | Citigroup Inc. | Neutral | $170.00 to $190.00 |
| 2014-08-08 | Boost Price Target | MLV & Co. | $4.00 to $195.00 | |
| 2014-08-07 | Boost Price Target | Evercore ISI | Buy | $5.00 to $202.00 |
| 2014-07-23 | Initiated Coverage | Mizuho | Buy | |
| 2014-07-22 | Boost Price Target | Jefferies Group | $159.00 to $187.00 | |
| 2014-07-21 | Boost Price Target | Barclays | Overweight | $184.00 to $196.00 |
| 2014-06-20 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $186.00 to $189.00 |
| 2014-06-09 | Boost Price Target | Cowen and Company | Outperform | $175.00 to $200.00 |
| 2014-05-30 | Boost Price Target | Barclays | Overweight | $179.00 to $184.00 |
| 2014-05-14 | Boost Price Target | RBC Capital | Sector Perform | $168.00 to $188.00 |
| 2014-05-09 | Boost Price Target | MLV & Co. | $191.00 | |
| 2014-05-07 | Initiated Coverage | Wells Fargo & Co. | Market Perform | |
| 2014-05-07 | Initiated Coverage | Wells Fargo | Market Perform | |
| 2014-05-01 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $182.00 to $186.00 |
| 2014-04-22 | Lower Price Target | Barclays | Overweight | $180.00 to $179.00 |
| 2014-04-02 | Downgrade | Goldman Sachs | Buy to Neutral | $156.00 to $177.00 |
| 2014-04-01 | Boost Price Target | Barclays | $171.00 to $180.00 | |
| 2014-03-24 | Boost Price Target | Cowen and Company | Outperform | $165.00 to $175.00 |
| 2014-03-05 | Downgrade | Stifel Nicolaus | Buy to Hold | $168.00 to $165.00 |
| 2014-02-19 | Downgrade | Cantor Fitzgerald | Buy to Hold | $171.00 to $5.00 |
| 2014-01-02 | Upgrade | Stifel Nicolaus | Hold to Buy | $165.00 |
| 2013-12-20 | Lower Price Target | MLV & Co. | Hold | $173.00 to $161.00 |
| 2013-12-20 | Lower Price Target | Jefferies Group | $170.00 to $160.00 | |
| 2013-12-12 | Downgrade | KeyBanc | Buy to Hold | |
| 2013-11-11 | Boost Price Target | Jefferies Group | Hold | $170.00 |
| 2013-10-31 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $186.00 to $189.00 |
| 2013-10-17 | Downgrade | Raymond James | Outperform to Market Perform | |
| 2013-10-07 | Upgrade | Evercore ISI | Neutral to Buy | |
| 2013-10-04 | Upgrade | Cantor Fitzgerald | Hold to Buy | $171.00 to $177.50 |
| 2013-03-21 | Reiterated | Barclays | Overweight | $179 to $170 |
| 2012-03-14 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2011-05-12 | Reiterated | Barclays Capital | Overweight | $127 to $136 |
| 2011-05-05 | Reiterated | Stifel Nicolaus | Buy | $135 to $150 |
| 2016-06-28 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-06-20 | Reiterated Rating | Canaccord Genuity | Hold | |
| 2016-06-08 | Downgrade | Jefferies Group | Buy to Hold | $265.00 to $230.00 |
| 2016-06-04 | Reiterated Rating | Cantor Fitzgerald | Buy | |
| 2016-05-16 | Upgrade | Capital One Financial Corp. | Equal Weight to Overweight |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ESS 397 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Vanguard Group, Inc | 10.74M |
| BlackRock Inc. | 6.82M |
| STATE STREET CORP | 5.52M |
| PRINCIPAL FINANCIAL GROUP INC | 2.99M |
| BlackRock Institutional Trust Company, N.A. | 2.53M |
| BlackRock Fund Advisors | 2.25M |
| COHEN & STEERS INC | 2.24M |
| FMR LLC | 2.02M |
| COHEN & STEERS CAPITAL MANAGEMENT INC | 2.00M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.42M |
| Shinko Asset Management Co., Ltd. | 1.15M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 1.05M |
| Resolution Capital Ltd | 1.04M |
| NORTHERN TRUST CORP | 0.95M |
| DIMENSIONAL FUND ADVISORS LP | 0.94M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| MARCUS GEORGE M | 0.21% (131198) | ESS / MMI / |
| SCHALL MICHAEL J President & CEO | 0.07% (45985) | ESS / PEB / |
| RABINOVITCH ISSIE N | 0.04% (26891) | ESS / |
| GUERICKE KEITH R | 0.04% (25533) | ARPI / ESS / |
| ZIMMERMAN CRAIG K Executive Vice President | 0.02% (11086) | ESS / |
| RANDLETT THOMAS E | 0.02% (10152) | ESS / |
| EUDY JOHN D Executive Vice President | 0.01% (9233) | ESS / |
| Kleiman Angela L. Executive Vice President & CFO | 0.01% (8399) | ESS / |
| LYONS IRVING F III | 0.01% (7830) | EQIX / ESS / PLD / |
| Burkart John F. Executive Vice President | 0.01% (5288) | ESS / |
| MARTIN GARY P | 0.01% (5236) | ESS / |
| Dance Michael T Exec. Vice President & CFO | 0.01% (4812) | ESS / IRET / |
| ROBINSON THOMAS E | 0.01% (4745) | ESS / FPO / SKT / |
| BRADY DAVID W | 0.01% (4740) | ESS / |
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