ESS Stock Recent News

A sturdy property base in the West Coast market with favorable demand drivers is likely to aid Essex Property (ESS). Technology initiatives to drive margins and a healthy balance sheet bode well for long-term growth.

Essex Property (ESS) is likely to benefit from its strong property base on the West Coast, favorable demographics and a solid balance sheet.

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Tech, Inc., (ESS) (NYSE: GWH), a leading manufacturer of long-duration energy storage (LDES) systems for commercial and utility-scale energy storage applications, today announced that it will participate in the Rapid Integration and Commercialization Unit (RICU) at Marine Corps Air Station Miramar. The RICU is a living laboratory for testing how leading LDES technologies can be integrated into utility-scale microgrid applications. The RICU is a venture be.

MUNICH--(BUSINESS WIRE)--ESS Tech, Inc. (ESS) (NYSE: GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that its Energy Center™ system was awarded the Smarter E Award for Energy Storage Technologies at the smarter E Award ceremony occurring in advance of Intersolar Europe in Munich, Germany. The smarter E Award is adjudicated by a select group of independent industry experts, analysts and academics, and is o.

Favorable West Coast market fundamentals and a healthy balance sheet are likely to support Essex Property (ESS). However, an elevated supply in some markets and high interest rates are worrisome.

Shares of Essex Property Trust have significantly outperformed the broader market since my previous article. The residential real estate investment trust topped the analyst consensus for revenue and core FFO per share in Q1. ESS maintains a robust financial position.

Essex Property Trust CEO Angela Kleiman sits down with CNBC's Diana Olick to discuss the slowdown of apartment building construction, continued supply and affordability challenges, and more.

BURBANK, Calif.--(BUSINESS WIRE)--ESS Tech, Inc., (ESS) (NYSE: GWH) a leading manufacturer of long-duration energy storage (LDES) systems for commercial and utility-scale energy storage applications, and Burbank Water and Power (BWP) today celebrated the commissioning of BWP's first LDES system. “This project represents a major step toward achieving our goal of 100% carbon free power by 2040,” said Mandip Samra, General Manager of BWP. “The Energy Warehouse™ battery will enable our team to gain.

Essex Property Trust's fixed income offering is trading at a higher yield than their cap rate, suggesting that they are currently overvalued. The absence of share buyback activity by management supports the view that ESS stock is elevated in relation to its intrinsic value. Taking into account their recent investment activity, shares should be at the $244 range.

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.45 per common share, payable July 12, 2024 to shareholders of record as of June 28, 2024. About Essex Property Trust, Inc. 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.