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Essex Property (ESS)
NYSE:ESS
Essex Property (ESS) Stock Price & Analysis
722 Followers
ESS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$196.41 - $269.23
Previous Close$263.41
Volume3.76K
Average Volume (3M)373.45K
Market Cap
$17.48B
Enterprise Value$23.59B
Total Cash (Recent Filing)$391.99M
Total Debt (Recent Filing)$6.27B
Price to Earnings (P/E)32.2
Beta0.82
Next Earnings
Jul 25, 2024EPS Estimate
$1.35Next Dividend Ex-Date
Jun 28, 2024Dividend Yield3.52%
Share Statistics
EPS (TTM)8.18
Shares Outstanding64,209,059
10 Day Avg. Volume277,073
30 Day Avg. Volume373,450
Standard Deviation0.07
R-Squared0.35
Alpha-0.00520
Financial Highlights & Ratios
Price to Book (P/B)3.15
Price to Sales (P/S)10.64
Price to Cash Flow (P/CF)21.00
P/FCF Ratio21.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue14.19
Enterprise Value/Gross Profit17.29
Enterprise Value/Ebitda24.79
Forecast
1Y Price Target
$256.83Price Target Upside-2.32% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Essex Property News
PremiumPre-Earnings
Is ESS a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Analyst RecommendationAnalyst upgrades ESS to Buy from Neutral and raises price objective to $275 from $250, citing a brighter outlook for Northern California's real estate market and a lower cap rate assumption.
Financial PerformanceESS's strong first quarter performance is marked by a notable 3% growth in same-store net operating income and a positive revision in full-year same-store revenue growth forecasts, reflecting a robust financial outlook.
Market DynamicsWith Return To Office mandates and employment growth, particularly in the emerging Generative AI industry, demand for residential spaces is expected to rise, a beneficial trend for real estate operators like ESS.
Bears Say
Asset ImpairmentA significant non-cash impairment on a preferred equity investment may reflect underlying asset devaluation.
Market DynamicsElevated supply in legacy Sunbelt markets could lead to decreased occupancy and lower rental income.
Occupancy RatesA decline in financial occupancy, potentially linked to increased move-outs in Alameda and LA, could indicate regional market weaknesses.
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Ownership Overview
0.95% Insiders
30.18% Mutual Funds
46.40% Other Institutional Investors
22.47% 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 $269.23 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 65 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 3.52%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.35.
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 18M.
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Essex Property Stock Smart Score
Underperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$256.83 (-2.32% Downside)
$256.83 (-2.32% Downside)
Blogger Sentiment
Bullish
ESS Sentiment 92%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 234.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $678.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
30.77%
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
$256.83
▼(-2.32% Downside)
Technical Analysis
Best Analysts Covering ESS
1 Year
1 Year Success Rate
10/11 ratings generated profit
1 Year Average Return
+20.56%
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 +20.56% per trade.
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