David Kirakosyan
3 min read
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Essex Property Trust Inc. (NYSE:ESS) is a real estate investment trust that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets.
The company's stock traded at approximately $214 per share 10 years ago. If you had invested $10,000, you could have bought roughly 47 shares. Currently, shares trade at $284.64, meaning your investment's value could have grown to $13,301 from stock price appreciation alone. However, Essex Property Trust also paid dividends during these 10 years.
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Essex Property Trust's dividend yield is currently 3.55%. Over the last 10 years, it has paid about $84.05 in dividends per share, which means you could have made $3,928 from dividends alone.
Summing up $13,301 and $3,928, we end up with the final value of your investment, which is $17,229. This is how much you could have made if you had invested $10,000 in Essex Property Trust stock 10 years ago. This means a total return of 72.29%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 244.20%.
Essex Property Trust has a consensus rating of "Neutral" and a price target of $292.08 based on the ratings of 28 analysts. The price target implies around 2% potential upside from the current stock price.
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On April 29, the company announced its Q1 2025 earnings, posting FFO of $3.97, compared to the consensus estimate of $3.93, and revenues of $464.58 million, compared to the consensus of $458.73 million, as reported by Benzinga.
For full-year 2025, the company expects core FFO per diluted share in the range of $15.56 to $16.06.
Check out this article by Benzinga for eight analysts' insights on Essex Property Trust.
Given the expected upside potential of just 2%, growth-focused investors may not find Essex Property Trust stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 3.55% and consistent hikes. Essex Property Trust has raised its dividend consecutively for the last 31 years.