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Essex Property (ESS)
NYSE:ESS
Essex Property (ESS) Stock Price & Analysis
717 Followers
ESS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$196.41 - $249.74
Previous Close$232.7
Volume294.09K
Average Volume (3M)401.71K
Market Cap
$15.63B
Enterprise Value$21.72B
Total Cash (Recent Filing)$391.99M
Total Debt (Recent Filing)$6.27B
Price to Earnings (P/E)37.3
Beta0.82
Next Earnings
Apr 30, 2024EPS Estimate
$1.29Last Dividend Ex-Date
Mar 27, 2024Dividend Yield3.98%
Share Statistics
EPS (TTM)6.31
Shares Outstanding64,203,497
10 Day Avg. Volume299,633
30 Day Avg. Volume401,706
Standard Deviation0.07
R-Squared0.35
Alpha-0.00683
Financial Highlights & Ratios
Price to Book (P/B)2.83
Price to Sales (P/S)9.41
Price to Cash Flow (P/CF)18.90
P/FCF Ratio19.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.06
Enterprise Value/Gross Profit15.92
Enterprise Value/Ebitda22.82
Forecast
1Y Price Target
$249.43Price Target Upside7.19% Upside
Rating ConsensusHold
Number of Analyst Covering16
Essex Property News
PremiumCompany Announcements
Essex Property Trust Schedules Investor Engagement Event
Bulls Say, Bears Say
Bulls Say
Analyst Rating UpgradeAnalyst upgrades ESS to Buy from Neutral and raises price objective to $275 from $250 after lowering cap rate, reflecting a better Northern California outlook.
Financial PerformanceESS has a history of exceeding core FFO guidance, indicating strong operational performance and potential for future earnings beats.
Market DemandReturn To Office mandates and employment growth in the region, especially with the rise of Generative AI industry, are expected to drive demand for residential spaces.
Bears Say
Financial GuidanceManagement provided initial 2024 Core FFO guidance of $15.03 per share at the midpoint, below previous consensus of $15.30 per share.
Financial PerformanceUDR's forecasted funds from operations show a year-over-year decline, reflecting negative growth prospects.
Regional PerformanceUDR's Sunbelt rent growth guidance for 2024 is negative to slightly positive, suggesting limited regional performance.
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Ownership Overview
0.92% Insiders
32.62% Mutual Funds
31.16% Other Institutional Investors
35.31% 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 $249.74 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 Apr 30, 2024 which is in 12 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Feb 06, 2024. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.452 by -$0.432.
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 3.98%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.29.
How many shares outstanding does Essex Property have?
Essex Property has 64,203,500 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $1.02 in its last earnings report, missing expectations of $1.452. Following the earnings report the stock price went down -1.696%.
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$249.43 (7.19% Upside)
$249.43 (7.19% Upside)
Blogger Sentiment
Bullish
ESS Sentiment 100%
Sector Average 70%
Sector Average 70%
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 ▼ 0.5%
Last 30 Days ▼ 5.8%
Last 30 Days ▼ 5.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.54%
12-Months-Change
Fundamentals
Return on Equity
14.84%
Trailing 12-Months
Asset Growth
-0.09%
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
Q4 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 Months Forecast
Average Price Target
$249.43
▲(7.19% Upside)
Technical Analysis
AvalonBay
―
Equity Residential
―
Apartment Investment & Management
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Equity Lifestyle
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Best Analysts Covering ESS
1 Year
1 Year Success Rate
9/10 ratings generated profit
1 Year Average Return
+15.98%
reiterated a buy rating 2 months ago
Copying Nicholas Yulico's trades and holding each position for 1 Year would result in 90.00% of your transactions generating a profit, with an average return of +15.98% per trade.
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