Essex Property Trust (NYSE:ESS – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $15.03-$15.43 for the period, compared to the consensus EPS estimate of $15.17. Essex Property Trust also updated its FY 2024 guidance to 15.030-15.430 EPS.
Essex Property Trust Stock Up 1.8 %
NYSE ESS traded up $4.33 on Thursday, reaching $249.80. The stock had a trading volume of 604,972 shares, compared to its average volume of 404,171. 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 1 year low of $203.85 and a 1 year high of $252.85. The business has a 50 day moving average price of $239.53 and a 200 day moving average price of $232.44. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 3.64 and a beta of 0.79.
Essex Property Trust Increases Dividend
The firm also recently disclosed 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 represents a $9.80 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Essex Property Trust’s previous quarterly dividend of $2.31. Essex Property Trust’s dividend payout ratio (DPR) is presently 119.80%.
Analysts Set New Price Targets
Check Out Our Latest Report 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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