Essex Property Trust (NYSE:ESS – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 15.030-15.430 for the period, compared to the consensus earnings per share estimate of 15.150. The company issued revenue guidance of -. Essex Property Trust also updated its FY24 guidance to $15.03-$15.43 EPS.
Essex Property Trust Stock Performance
Shares of NYSE ESS traded down $1.77 during trading on Tuesday, reaching $246.25. 595,044 shares of the company traded hands, compared to its average volume of 400,699. The stock has a market cap of $15.81 billion, a P/E ratio of 39.31, a PEG ratio of 3.65 and a beta of 0.80. The firm’s fifty day simple moving average is $239.06 and its 200 day simple moving average is $232.16. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 1.11. Essex Property Trust has a 12-month low of $203.85 and a 12-month high of $252.85.
Essex Property Trust Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $2.45 per share. This is a boost from Essex Property Trust’s previous quarterly dividend of $2.31. This represents a $9.80 annualized dividend and a yield of 3.98%. The ex-dividend date was Wednesday, March 27th. Essex Property Trust’s dividend payout ratio (DPR) is currently 155.31%.
Analysts Set New Price Targets
View Our Latest Analysis on ESS
Essex Property Trust Company Profile
Essex Property Trust, Inc, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.
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