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Essex Property (ESS)
NYSE:ESS
Holding ESS?
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ESS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$209.17 - $317.73
Previous Close$300.81
Volume93.95K
Average Volume (3M)374.67K
Market Cap
$19.82B
Enterprise Value$26.61B
Total Cash (Recent Filing)$71.29M
Total Debt (Recent Filing)$6.42B
Price to Earnings (P/E)35.2
Beta0.92
Next Earnings
Jan 29, 2025EPS Estimate
$1.38Last Dividend Ex-Date
Sep 30, 2024Dividend Yield3.18%
Share Statistics
EPS (TTM)8.55
Shares Outstanding64,267,485
10 Day Avg. Volume416,523
30 Day Avg. Volume374,671
Standard Deviation0.07
R-Squared0.41
Alpha-0.00742
Financial Highlights & Ratios
Price to Book (P/B)3.63
Price to Sales (P/S)11.10
Price to Cash Flow (P/CF)15.30
P/FCF Ratio65.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.35
Enterprise Value/Gross Profit18.51
Enterprise Value/Ebitda20.78
Forecast
1Y Price Target
$310.03Price Target Upside1.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Essex Property News
PremiumCompany Announcements
Essex Property Trust Raises 2024 Guidance After Strong Quarter
Bulls Say, Bears Say
Bulls Say
Improved Financial GuidanceESS revised its previously issued FY24 guidance, increasing Core FFO expectations to a new range between $15.38 and $15.62.
Sector-Leading PerformanceThe ESS portfolio continues to capture sector-leading blended spreads amid limited new supply in key West Coast markets.
Strategic GrowthESS acquired its JV partner’s interests in multiple properties, indicating strategic growth in its portfolio.
Bears Say
Financial Performance4Q24 Core FFOps initiated below the Street.
Market ConditionsLabor market softening will be most acutely felt in ESS's coastal portfolio.
ValuationESS trades at the third-highest P/FFO multiple in our apartment coverage universe, second-highest P/FAD and lowest implied cap rate.
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Ownership Overview
0.76% Insiders
30.85% Mutual Funds
4.13% Other Institutional Investors
31.06% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ESS FAQ
What was Essex Property’s price range in the past 12 months?
Essex Property lowest stock price was $209.17 and its highest was $317.73 in the past 12 months.
What is Essex Property’s market cap?
Currently, no data Available
When is Essex Property’s upcoming earnings report date?
Essex Property’s upcoming earnings report date is Jan 29, 2025 which is in 75 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Oct 29, 2024. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.49.
Is Essex Property overvalued?
According to Wall Street analysts Essex Property’s price is currently Undervalued.
Does Essex Property pay dividends?
Essex Property pays a Quarterly dividend of $2.45 which represents an annual dividend yield of 3.18%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.38.
How many shares outstanding does Essex Property have?
Essex Property has 64,267,490 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $1.84 in its last earnings report, beating expectations of $1.35. Following the earnings report the stock price went down -1.478%.
Which hedge fund is a major shareholder of Essex Property?
Among the largest hedge funds holding Essex Property’s share is Ranger Global Real Estate Advisors, LLC. It holds Essex Property’s shares valued at 26M.
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Essex Property Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$310.03 (1.98% Upside)
$310.03 (1.98% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 88.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 4.2%
Last 30 Days ▲ 12.4%
Last 30 Days ▲ 12.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
55.02%
12-Months-Change
Fundamentals
Return on Equity
10.02%
Trailing 12-Months
Asset Growth
1.20%
Trailing 12-Months
Company Description
Essex Property
Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.
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ESS Company Deck
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ESS Earnings Call
Q3 2024
0:00 / 0:00
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ESS Revenue Breakdown
99.33% Rental income
0.67% Management and other fees from affiliates
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ESS Stock 12 Month Forecast
Average Price Target
$310.03
▲(1.98% Upside)
Technical Analysis
Best Analysts Covering ESS
1 Year
1 Year Success Rate
14/16 ratings generated profit
1 Year Average Return
+20.64%
reiterated a buy rating 16 days ago
Copying Nicholas Yulico's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +20.64% per trade.
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