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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Essex Property Trust, Inc. (NYSE:ESS) is included among the Top 15 Growth Stocks for Long-Term Investors.
Essex Property Trust, Inc. (NYSE:ESS) is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages apartment communities. Its portfolio is concentrated in major metropolitan areas across Northern and Southern California and the Seattle region— markets known for their limited housing supply and strong rental demand.
Essex Property Trust, Inc. (NYSE:ESS)’s focus on the West Coast is driven by favorable long-term rental dynamics. These regions boast strong economic output and healthy job growth, both of which sustain high housing demand. Moreover, the high cost of single-family homes in these markets makes renting a more appealing option for many residents. With limited available land and lengthy, expensive construction processes, new housing supply remains constrained, further supporting the rental market.
Essex Property Trust, Inc. (NYSE:ESS) benefits from its large scale and experienced management team, which has a proven record of enhancing shareholder value through disciplined operations and strategic investments. It’s consistent and growing dividend serves as a clear reflection of that strength. The company has raised its dividends for 31 years in a row, and currently pays a quarterly dividend of $2.57 per share. As of October 12, the stock has a dividend yield of 4.02%.
While we acknowledge the potential of ESS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Most Promising Dividend Stocks According to Wall Street Analysts and 14 Best Food Dividend Stocks To Buy According to Analysts.
Disclosure: None.
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