5 Best Halal Dividend Stocks To Buy

3. Essex Property Trust, Inc. (NYSE:ESS)

Dividend Yield as of December 7: 4.14%

Essex Property Trust, Inc. (NYSE:ESS) is an American real estate investment trust company that invests in apartment buildings. In December, Morgan Stanley maintained an Equal Weight rating on the stock with a $242 price target. The firm presented a balanced view of apartment REITs in the given market condition.

In the third quarter of 2022, Essex Property Trust, Inc. (NYSE:ESS) reported revenue of $406.8 million, which showed a 12.8% growth from the same period last year. As of October, the company had $1.1 billion in liquidity. It also repurchased shares worth over $97.6 million under its ongoing stock repurchase program.

Essex Property Trust, Inc. (NYSE:ESS), one of the best dividend stocks to buy, has been raising its dividends consistently for the past 28 years. The company’s current quarterly dividend stands at $2.20 per share with a dividend yield of 4.14%, as of December 7.

At the end of September 2022, 24 hedge funds tracked by Insider Monkey reported owning stakes in Essex Property Trust, Inc. (NYSE:ESS), worth $210.7 million collectively.