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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$223.06 - $317.73
Previous Close$283.76
Volume1.42M
Average Volume (3M)372.01K
Market Cap
$18.58B
Enterprise Value$25.16B
Total Cash (Recent Filing)$71.29M
Total Debt (Recent Filing)$6.42B
Price to Earnings (P/E)32.6
Beta1.04
Next Earnings
Jan 29, 2025EPS Estimate
$1.47Next Dividend Ex-Date
Jan 02, 2025Dividend Yield3.46%
Share Statistics
EPS (TTM)8.55
Shares Outstanding64,267,485
10 Day Avg. Volume628,243
30 Day Avg. Volume372,008
Standard Deviation0.07
R-Squared0.43
Alpha-0.00573
Financial Highlights & Ratios
Price to Book (P/B)3.36
Price to Sales (P/S)10.30
Price to Cash Flow (P/CF)14.20
P/FCF Ratio61.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue14.51
Enterprise Value/Gross Profit17.50
Enterprise Value/Ebitda19.65
Forecast
1Y Price Target
$314.31Price Target Upside10.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Essex Property News
PremiumCompany Announcements
Essex Property Trust Raises 2024 Guidance After Strong Quarter
Bulls Say, Bears Say
Bulls Say
Dividend GrowthESS has consistently increased their dividend every year since their IPO, indicating a strong commitment to returning value to shareholders.
Positive Earnings PerformanceESS kicked off 3Q24 Apartment REIT earnings with a solid 3Q24 beat and FY24 raise on better revenue outlook.
Strategic Portfolio ExpansionESS 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.
Labor Market ImpactLabor 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
0.67% Insiders
30.02% Mutual Funds
15.12% Other Institutional Investors
21.09% 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 $223.06 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 39 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 Thriceyearly dividend of $2.45 which represents an annual dividend yield of 3.46%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.47.
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 AEW Capital Management, L.P.. It holds Essex Property’s shares valued at 19M.
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Essex Property Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$314.31 (10.77% Upside)
$314.31 (10.77% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 80%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 101.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 6.6%
Last 30 Days ▼ 6.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.45%
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
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with a third guidance raise, record low turnover, and strong regional performance. However, there were concerns about increased concessions due to supply challenges and delinquency issues, particularly in Southern California. Despite these challenges, the company's robust balance sheet and strategic acquisitions position it well for future growth.Read More>---
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
$314.31
▲(10.77% Upside)
Technical Analysis
Best Analysts Covering ESS
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+17.89%
reiterated a buy rating 2 months ago
Copying Nicholas Yulico's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +17.89% per trade.
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