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Essex Property (GB:0IIR)
LSE:0IIR
Holding GB:0IIR?
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0IIR Stock Chart & Stats
Day’s Range― - ―
52-Week Range$222.80 - $317.47
Previous CloseN/A
Volume265.00
Average Volume (3M)733.00
Market Cap
$18.11B
Enterprise Value$25.55B
Total Cash (Recent Filing)$204.11M
Total Debt (Recent Filing)$5.44B
Price to Earnings (P/E)32.0
Beta0.83
Next Earnings
Feb 04, 2025EPS Estimate
1.46Last Dividend Ex-Date
Jan 02, 2025Dividend Yield3.55%
Share Statistics
EPS (TTM)8.55
Shares Outstanding64,267,490
10 Day Avg. Volume261
30 Day Avg. Volume733
Standard Deviation0.10
R-Squared0.20
Alpha0.00426
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)10.44
Price to Cash Flow (P/CF)14.40
P/FCF Ratio61.80
Enterprise Value/Market Cap1.41
Enterprise Value/Revenue14.74
Enterprise Value/Gross Profit17.77
Enterprise Value/Ebitda19.96
Forecast
1Y Price Target
$311.42Price Target Upside9.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Essex Property News
Bulls Say, Bears Say
Bulls Say
Market DemandThe devastating wildfires in Los Angeles are expected to lead to increased multifamily demand, benefiting ESS as displaced residents seek housing.
Portfolio GrowthESS acquired its JV partner’s interests in multiple properties, indicating strategic growth in its portfolio.
Rental Market EnvironmentHigh single-family housing costs in ESS' markets result in some of the widest differentials between the cost to own versus rent in the U.S., presenting a favorable rental market environment.
Bears Say
Financial Forecast4Q24 Core FFOps initiated below the Street.
Market PerformanceESS's Los Angeles market has struggled with lower revenue growth compared to its overall portfolio, impacted by job losses and high bad debt.
Rent Growth ExpectationsRent growth expectations in Los Angeles have been subdued, with institutional investors not expecting rent growth or cap rate compression over five years.
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Options Prices
Currently, No data available
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Ownership Overview
0.67% Insiders
30.69% Mutual Funds
0.09% Other Institutional Investors
37.50% Public Companies and Individual Investors
0IIR FAQ
What was Essex Property’s price range in the past 12 months?
Essex Property lowest share price was $222.80 and its highest was $317.47 in the past 12 months.
What is Essex Property’s market cap?
Essex Property’s market cap is $18.11B.
When is Essex Property’s upcoming earnings report date?
Essex Property’s upcoming earnings report date is Feb 04, 2025 which is in 20 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 3.55%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is 1.46.
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 -1.631%.
Which hedge fund is a major shareholder of Essex Property?
Currently, no hedge funds are holding shares in GB:0IIR
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Essex Property Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$311.42 (9.46% Upside)
$311.42 (9.46% Upside)
Blogger Sentiment
Bullish
GB:0IIR Sentiment 77%
Sector Average 70%
Sector Average 70%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.80%
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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0IIR Company Deck
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0IIR 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>---
0IIR Revenue Breakdown
99.33% Rental income
0.67% Management and other fees from affiliates
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0IIR Stock 12 Month Forecast
Average Price Target
$311.42
▲(9.46% Upside)
Technical Analysis
Essex Property
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AvalonBay
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Camden Property
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Equity Residential
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Mid-America Apartment
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UDR
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Apartment Investment & Management
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Best Analysts Covering 0IIR
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+18.13%
reiterated a buy rating 3 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 +18.13% per trade.
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