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Essex Property (ESS)
NYSE:ESS
Essex Property (ESS) Stock Price & Analysis
721 Followers
ESS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$196.41 - $258.06
Previous Close$257.67
Volume164.09K
Average Volume (3M)389.46K
Market Cap
$17.13B
Enterprise Value$23.21B
Total Cash (Recent Filing)$391.99M
Total Debt (Recent Filing)$6.27B
Price to Earnings (P/E)31.2
Beta0.83
Next Earnings
Jul 25, 2024EPS Estimate
$1.37Last Dividend Ex-Date
Mar 27, 2024Dividend Yield3.67%
Share Statistics
EPS (TTM)8.18
Shares Outstanding64,209,059
10 Day Avg. Volume450,260
30 Day Avg. Volume389,458
Standard Deviation0.07
R-Squared0.35
Alpha-0.00520
Financial Highlights & Ratios
Price to Book (P/B)3.03
Price to Sales (P/S)10.30
Price to Cash Flow (P/CF)20.10
P/FCF Ratio20.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.96
Enterprise Value/Gross Profit17.01
Enterprise Value/Ebitda24.39
Forecast
1Y Price Target
$250.39Price Target Upside-1.61% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Essex Property News
PremiumPre-Earnings
Is ESS a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Earnings And Financial PerformanceAnalyst upgrades ESS to Buy from Neutral and raises price objective to $275 from $250 after lowering cap rate, reflecting a better Northern California outlook.
Market Demand And Growth PotentialNorthern California's affordability with a lower rent-to-income ratio compared to the national average indicates potential for rental growth.
Operational Strength And Market PositionSolid Blends & High Occupancy have UDR well positioned with strong 1Q24 occupancy of 97.1%.
Bears Say
Company GuidanceESS 2024 guidance midpoint is below analyst and Street expectations, indicating potential underperformance.
Financial PerformanceESS recorded a substantial non-cash impairment on a preferred equity investment.
Market DynamicsElevated supply in legacy Sunbelt markets will likely put downward pressure on both occupancy & rents.
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Ownership Overview
0.92% Insiders
30.18% Mutual Funds
33.21% Other Institutional Investors
35.69% 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 $196.41 and its highest was $258.06 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 Jul 25, 2024 which is in 77 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Apr 30, 2024. The company reported $4.25 earnings per share for the quarter, beating the consensus estimate of $1.294 by $2.956.
Is Essex Property overvalued?
According to Wall Street analysts Essex Property’s price is currently Overvalued.
Does Essex Property pay dividends?
Essex Property pays a Quarterly dividend of $2.45 which represents an annual dividend yield of 3.67%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.37.
How many shares outstanding does Essex Property have?
Essex Property has 64,209,060 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $4.25 in its last earnings report, beating expectations of $1.294. Following the earnings report the stock price went down -0.317%.
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 76M.
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Essex Property Stock Smart Score
Neutral
1
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7
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$250.39 (-1.61% Downside)
$250.39 (-1.61% Downside)
Blogger Sentiment
Bullish
ESS Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 15.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $678.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 3.6%
Last 30 Days ▼ 3.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.98%
12-Months-Change
Fundamentals
Return on Equity
9.40%
Trailing 12-Months
Asset Growth
4.93%
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
Q1 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
$250.39
▼(-1.61% Downside)
Technical Analysis
Best Analysts Covering ESS
1 Year
1 Year Success Rate
10/11 ratings generated profit
1 Year Average Return
+18.25%
reiterated a buy rating 8 days ago
Copying Nicholas Yulico's trades and holding each position for 1 Year would result in 90.91% of your transactions generating a profit, with an average return of +18.25% per trade.
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