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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$203.85 - $317.73
Previous Close$289.88
Volume344.49K
Average Volume (3M)393.20K
Market Cap
$19.27B
Enterprise Value$25.76B
Total Cash (Recent Filing)$55.22M
Total Debt (Recent Filing)$6.34B
Price to Earnings (P/E)35.9
Beta0.73
Next Earnings
Oct 29, 2024EPS Estimate
$1.36Last Dividend Ex-Date
Sep 30, 2024Dividend Yield3.33%
Share Statistics
EPS (TTM)8.07
Shares Outstanding64,217,898
10 Day Avg. Volume485,470
30 Day Avg. Volume393,197
Standard Deviation0.07
R-Squared0.41
Alpha-0.00715
Financial Highlights & Ratios
Price to Book (P/B)2.78
Price to Sales (P/S)10.88
Price to Cash Flow (P/CF)21.30
P/FCF Ratio44.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.16
Enterprise Value/Gross Profit17.92
Enterprise Value/Ebitda21.73
Forecast
1Y Price Target
$305.55Price Target Upside5.41% Upside
Rating ConsensusHold
Number of Analyst Covering20
Essex Property News
Bulls Say, Bears Say
Bulls Say
EarningsESS generated core FFO of $3.94, beating Citizens JMP and consensus estimates of $3.75 and $3.85 per share respectively.
Financial PerformanceESS’s 2Q24 earnings release suggests relatively stronger multifamily fundamentals in its West Coast focused portfolio, especially as compared with the Sunbelt region.
GuidanceESS revised its previously issued FY24 guidance, increasing Core FFO expectations to a new range between $15.38 and $15.62.
Bears Say
Financial PerformanceInsurance and other expenses increased significantly by 38.9% year-over-year.
Labor MarketLabor market softening will be most acutely felt in ESS's coastal portfolio.
Rent GrowthCoastal rent growth looks weaker than normal seasonality.
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Ownership Overview
0.76% Insiders
31.76% Mutual Funds
0.02% Other Institutional Investors
35.67% 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 $203.85 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 Oct 29, 2024 which is in 22 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Jul 30, 2024. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.329 by $0.121.
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 3.33%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.36.
How many shares outstanding does Essex Property have?
Essex Property has 64,217,896 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $1.45 in its last earnings report, beating expectations of $1.329. Following the earnings report the stock price went down -0.869%.
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
1
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10
Analyst Consensus
Hold
Average Price Target:
$305.55 (5.41% Upside)
$305.55 (5.41% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 92%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 88.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 0.5%
Last 30 Days ▼ 1.5%
Last 30 Days ▼ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
43.28%
12-Months-Change
Fundamentals
Return on Equity
9.37%
Trailing 12-Months
Asset Growth
2.16%
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
Q2 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
$305.55
▲(5.41% Upside)
Technical Analysis
Best Analysts Covering ESS
1 Year
1 Year Success Rate
13/15 ratings generated profit
1 Year Average Return
+20.01%
reiterated a buy rating 21 days ago
Copying Nicholas Yulico's trades and holding each position for 1 Year would result in 86.67% of your transactions generating a profit, with an average return of +20.01% per trade.
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