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Essex Property Trust, Inc. (ESS)

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289.88 +0.15 (+0.05%)
At close: October 4 at 4:00 PM EDT
289.88 0.00 (0.00%)
After hours: October 4 at 4:05 PM EDT
Loading Chart for ESS
DELL
  • Previous Close 289.73
  • Open 288.90
  • Bid 288.77 x 800
  • Ask 290.36 x 1100
  • Day's Range 286.28 - 291.24
  • 52 Week Range 203.85 - 317.73
  • Volume 344,486
  • Avg. Volume 393,195
  • Market Cap (intraday) 19.27B
  • Beta (5Y Monthly) 0.89
  • PE Ratio (TTM) 35.97
  • EPS (TTM) 8.06
  • Earnings Date Oct 29, 2024
  • Forward Dividend & Yield 9.80 (3.38%)
  • Ex-Dividend Date Sep 30, 2024
  • 1y Target Est 300.82

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 254 apartment communities comprising approximately 62,000 apartment homes.

www.essexapartmenthomes.com

1,747

Full Time Employees

December 31

Fiscal Year Ends

Recent News: ESS

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Performance Overview: ESS

Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

ESS
20.20%
S&P 500
20.57%

1-Year Return

ESS
45.06%
S&P 500
35.98%

3-Year Return

ESS
0.86%
S&P 500
31.99%

5-Year Return

ESS
5.12%
S&P 500
97.59%

Compare To: ESS

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Statistics: ESS

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    18.62B

  • Enterprise Value

    24.81B

  • Trailing P/E

    35.92

  • Forward P/E

    47.85

  • PEG Ratio (5yr expected)

    6.86

  • Price/Sales (ttm)

    10.88

  • Price/Book (mrq)

    3.40

  • Enterprise Value/Revenue

    14.51

  • Enterprise Value/EBITDA

    15.20

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    30.14%

  • Return on Assets (ttm)

    2.73%

  • Return on Equity (ttm)

    9.54%

  • Revenue (ttm)

    1.72B

  • Net Income Avi to Common (ttm)

    518.32M

  • Diluted EPS (ttm)

    8.06

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    63.02M

  • Total Debt/Equity (mrq)

    111.41%

  • Levered Free Cash Flow (ttm)

    721.04M

Research Analysis: ESS

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 452.01M
Earnings 92.91M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

202.00 Low
300.82 Average
289.88 Current
355.00 High
 

Company Insights: ESS

Research Reports: ESS

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  • Lowering target price to $263.00

    ESSEX PROPERTY TRUST INC has an Investment Rating of SELL; a target price of $263.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Medium.

    Rating
    Price Target
     
  • US REIT Sector Offers Relatively Stable Internal Growth

    Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

    Rating
    Price Target
     
  • Raising target price to $271.00

    ESSEX PROPERTY TRUST INC has an Investment Rating of SELL; a target price of $271.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Low; a Growth Subrating of Low; and a Value Subrating of Low.

    Rating
    Price Target
     
  • Despite Recent Rally, Many REITs in the US Are Trading at Discounts to Fair Value Estimate

    Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

    Rating
    Price Target
     

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