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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$203.85 - $317.73
Previous Close$312.14
Volume237.40K
Average Volume (3M)366.17K
Market Cap
$20.75B
Enterprise Value$27.24B
Total Cash (Recent Filing)$55.22M
Total Debt (Recent Filing)$6.34B
Price to Earnings (P/E)39.0
Beta0.79
Next Earnings
Oct 23, 2024EPS Estimate
$1.36Next Dividend Ex-Date
Sep 30, 2024Dividend Yield3.02%
Share Statistics
EPS (TTM)8.07
Shares Outstanding64,217,898
10 Day Avg. Volume364,057
30 Day Avg. Volume366,165
Standard Deviation0.07
R-Squared0.41
Alpha-0.00653
Financial Highlights & Ratios
Price to Book (P/B)2.99
Price to Sales (P/S)11.83
Price to Cash Flow (P/CF)23.00
P/FCF Ratio48.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue16.03
Enterprise Value/Gross Profit18.95
Enterprise Value/Ebitda22.98
Forecast
1Y Price Target
$303.36Price Target Upside-2.84% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Essex Property News
Bulls Say, Bears Say
Bulls Say
EarningsCore FFO of $3.94 beat analysts' estimates and consensus expectations, signaling strong financial performance.
GuidanceIncreased FY24 guidance with Core FFO expectations now ranging between $15.38 and $15.62, reflecting confidence in future performance.
Market TrendsESS continues to benefit from low new supply and very expensive single-family housing in its markets, positioning it favorably in the real estate sector.
Bears Say
Insurance ExpensesInsurance and other expenses increased significantly by 38.9% year-over-year.
Lease GrowthLease growth decelerated in August vs. July, with mgmt noting a tough y/y comp with a prolonged peak leasing season in '23.
Occupancy RatesFinancial occupancy declined by 10 basis points quarter-over-quarter and 40 basis points year-over-year to 96.2%.
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Ownership Overview
0.94% Insiders
32.59% Mutual Funds
48.52% Other Institutional Investors
17.95% 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 $203.85 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 Oct 23, 2024 which is in 34 days.
How were Essex Property’s earnings last quarter?
Essex Property released its earnings results on Jul 30, 2024. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.329 by $0.121.
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 3.02%. See more information on Essex Property dividends here
What is Essex Property’s EPS estimate?
Essex Property’s EPS estimate is $1.36.
How many shares outstanding does Essex Property have?
Essex Property has 64,217,896 shares outstanding.
What happened to Essex Property’s price movement after its last earnings report?
Essex Property reported an EPS of $1.45 in its last earnings report, beating expectations of $1.329. Following the earnings report the stock price went down -0.869%.
Which hedge fund is a major shareholder of Essex Property?
Among the largest hedge funds holding Essex Property’s share is Ranger Global Real Estate Advisors, LLC. It holds Essex Property’s shares valued at 26M.
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Essex Property Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$303.36 (-2.84% Downside)
$303.36 (-2.84% Downside)
Blogger Sentiment
Bullish
ESS Sentiment 92%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 88.4K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $3.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
44.18%
12-Months-Change
Fundamentals
Return on Equity
9.37%
Trailing 12-Months
Asset Growth
2.16%
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
Q2 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
$303.36
▼(-2.84% Downside)
Technical Analysis
Best Analysts Covering ESS
1 Year
1 Year Success Rate
13/15 ratings generated profit
1 Year Average Return
+24.19%
reiterated a buy rating 3 days ago
Copying Nicholas Yulico's trades and holding each position for 1 Year would result in 86.67% of your transactions generating a profit, with an average return of +24.19% per trade.
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