If You Invested $10,000 In Essex Property Trust Stock 10 Years Ago, How Much Would You Have Now?
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Essex Property Trust, Inc. (NYSE:ESS) is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops and manages multifamily residential properties in selected West Coast markets.
It is set to report its Q4 2024 earnings on Feb. 4, 2025. Wall Street analysts expect the company to post revenues of $448.82 million, up from $412.75 million in the previous year.
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The company’s stock traded at approximately $201.53 per share 10 years ago. If you had invested $10,000, you could have bought roughly 50 shares. Currently, shares trade at $310.46, meaning your investment’s value could have grown to $15,405 from stock price appreciation alone. However, Essex Property Trust also paid dividends during these 10 years.
Essex Property Trust’s dividend yield is currently 3.16%. Over the last 10 years, it has paid about $75.45 in dividends per share, which means you could have made $3,744 from dividends alone.
Summing up $15,405 and $3,744, we end up with the final value of your investment, which is $19,149. 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 91.49%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 230.63%.
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Essex Property Trust has a consensus rating of “Neutral” and a price target of $275.92 based on the ratings of 30 analysts. The price target implies more than 11% potential downside from the current stock price.
On Oct. 29, the company announced its Q3 2024 earnings, posting a core FFO of $3.91, compared to the consensus estimate of $3.88, as reported by Benzinga.
For the full year, the company raised its core FFO guidance range to $15.50 – $15.62 and revenue growth range to 3.10% – 3.40%.
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