ESS - Essex Property Trust Inc Stock Price, Fair Value and News

254.89USD-2.78 (-1.08%)Delayed as of 08 May 2024, 02:28 pm ET

Market Summary

USD254.89-2.78

Delayedas of 08 May 2024, 02:28 pm

-1.08%

ESS Alerts

Big jump in Earnings (Y/Y)

ESS Stock Price

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ESS RSI Chart

ESS Valuation

Market Cap

16.5B

Price/Earnings (Trailing)

29.84

Price/Sales (Trailing)

9.91

EV/EBITDA

16.43

Price/Free Cashflow

16.24

ESS Price/Sales (Trailing)

ESS Profitability

EBT Margin

9.51%

Return on Equity

9.68%

Return on Assets

4.3%

Free Cashflow Yield

6.16%

ESS Fundamentals

ESS Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

2.5%

Rev. Growth (Qtr)

1.23%

ESS Earnings

Earnings (TTM)

554.3M

Earnings Growth (Yr)

76.45%

Earnings Growth (Qtr)

305.32%

Breaking Down ESS Revenue

52 Week Range

204.56257.20

(Low)(High)

Last 7 days

4.6%

Last 30 days

8.4%

Last 90 days

12.5%

Trailing 12 Months

17.8%

How does ESS drawdown profile look like?

ESS Financial Health

ESS Investor Care

Dividend Yield

3.64%

Dividend/Share (TTM)

9.38

Shares Dilution (1Y)

0.04%

Diluted EPS (TTM)

8.19

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	1.6B	1.6B	1.7B	1.7B
2022	1.5B	1.5B	1.6B	1.6B
2021	1.5B	1.4B	1.4B	1.4B
2020	1.5B	1.5B	1.5B	1.5B
2019	1.4B	1.4B	1.4B	1.5B
2018	1.4B	1.4B	1.4B	1.4B
2017	1.3B	1.3B	1.3B	1.4B
2016	1.2B	1.3B	1.3B	1.3B
2015	1.1B	1.1B	1.2B	1.2B
2014	624.1M	733.0M	850.0M	970.9M
2013	555.8M	574.1M	590.4M	611.1M
2012	482.9M	499.2M	517.6M	535.7M
2011	427.2M	443.3M	458.2M	467.4M
2010	407.5M	404.0M	406.6M	415.9M
2009	0	409.4M	410.4M	411.4M
2008	0	0	0	408.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Essex Property Trust Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 11, 2024	robinson thomas e	acquired	480,807	172	2,781	-
Mar 11, 2024	robinson thomas e	sold	-678,342	243	-2,781	-
Feb 28, 2024	lyons irving f iii	sold	-480,965	230	-2,083	-
Feb 28, 2024	lyons irving f iii	acquired	480,807	172	2,781	-
Feb 08, 2024	kleiman angela l.	acquired	-	-	2,704	president and ceo
Feb 08, 2024	pak barbara	acquired	-	-	1,145	executive vice president & cfo
Feb 08, 2024	farias john	acquired	-	-	437	senior vice president and cao
Feb 08, 2024	pak barbara	acquired	-	-	1,527	executive vice president & cfo
Feb 08, 2024	kleiman angela l.	acquired	-	-	3,609	president and ceo
Feb 08, 2024	morrison anne	acquired	-	-	785	svp - general counsel

Which funds bought or sold ESS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-62,729	-	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-94.87	-7,494,000	400,000	-%
May 06, 2024	SG Americas Securities, LLC	added	182	6,640,000	10,359,000	0.05%
May 06, 2024	Metis Global Partners, LLC	added	3.8	65,787	2,708,330	0.10%
May 06, 2024	Candriam S.C.A.	added	9.12	71,728	999,314	0.01%
May 06, 2024	Jefferies Financial Group Inc.	unchanged	-	112,390	777,292	-%
May 06, 2024	Hilltop National Bank	new	-	10,772	10,772	-%
May 06, 2024	NewEdge Wealth, LLC	reduced	-1.88	-3,020	260,303	0.01%
May 06, 2024	Parallel Advisors, LLC	added	1.84	2,771	501,922	0.01%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	0.14	-36,818	3,248,140	0.03%

Are Funds Buying or Selling ESS?

Are funds buying ESS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ESS

No. of Funds

ESS Alerts

Big jump in Earnings (Y/Y)

Unveiling Essex Property Trust Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	15.92%	10,216,493	SC 13G/A
Jan 30, 2024	state street corp	9.11%	5,848,957	SC 13G/A
Jan 24, 2024	blackrock inc.	10.1%	6,467,763	SC 13G/A
Feb 14, 2023	cohen & steers, inc.	1.75%	1,134,467	SC 13G/A
Feb 10, 2023	state street corp	10.52%	6,810,970	SC 13G/A
Feb 10, 2023	blackrock inc.	10.9%	7,074,866	SC 13G/A
Feb 09, 2023	vanguard group inc	16.54%	10,708,186	SC 13G/A
Feb 01, 2023	state street corp	9.05%	5,861,505	SC 13G/A
Jan 26, 2023	blackrock inc.	10.9%	7,074,866	SC 13G/A
Jan 20, 2023	blackrock inc.	10.9%	7,074,866	SC 13G/A

Recent SEC filings of Essex Property Trust Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 14, 2024	8-K	Current Report
Mar 13, 2024	4	Insider Trading
Mar 11, 2024	144	Notice of Insider Sale Intent
Mar 08, 2024	424B2	Prospectus Filed
Mar 08, 2024	8-K	Current Report

Peers (Alternatives to Essex Property Trust Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	44.33%	96.06%

Essex Property Trust Inc News

Latest updates

Essex Property Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.2%	427	422	419	418	417	415	410	399	387	376	361	351	355	362	371	370	392	375	367	362	356
Costs and Expenses	1.1%	295	291	287	281	284	281	281	271	272	270	268	258	258	276	265	267	262	255	243	237	241
S&GA Expenses	-100.0%	-	20.00	15.00	14.00	15.00	16.00	15.00	13.00	12.00	17.00	13.00	12.00	10.00	23.00	13.00	15.00	14.00	16.00	11.00	14.00	13.00
EBITDA Margin	0.9%	0.56*	0.55*	0.55*	0.56*	0.56*	0.56*	0.57*	0.58*	0.60*	0.61*	0.62*	0.62*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.5%	56.00	55.00	54.00	53.00	51.00	52.00	52.00	50.00	50.00	50.00	50.00	51.00	52.00	56.00	55.00	54.00	55.00	55.00	55.00	54.00	54.00
EBT Margin	0%	0.10*	0.10*	0.10*	0.10*	0.10*	0.10*	0.10*	0.10*	0.11*	0.11*	0.11*	0.11*	-	-	-	-	-	-	-	-	-
Net Income	305.3%	285	70.00	93.00	106	162	194	99.00	62.00	78.00	144	125	70.00	177	102	79.00	90.00	329	135	106	98.00	126
Net Income Margin	28.7%	0.33*	0.26*	0.34*	0.34*	0.32*	0.27*	0.24*	0.27*	0.28*	0.36*	0.33*	0.30*	-	-	-	-	-	-	-	-	-
Free Cashflow	54.6%	315	204	288	211	277	167	299	194	315	205	272	233	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	4.2%	12,885	12,361	12,498	12,245	12,280	12,373	12,624	12,558	12,770	12,998	12,789	12,747	12,790	12,936	13,401	13,177	13,451	12,705	12,998	12,671	12,578
Cash Equivalents	29.6%	508	392	392	61.00	68.00	33.00	43.00	38.00	98.00	48.00	50.00	48.00	103	84.00	558	246	272	81.00	74.00	38.00	107
Liabilities	5.8%	7,129	6,735	6,761	6,452	6,453	6,451	6,714	6,518	6,592	6,787	6,624	6,575	6,543	6,721	7,103	6,791	7,000	6,264	6,544	6,289	6,224
Shareholder's Equity	5.6%	5,724	5,423	5,532	5,762	5,797	5,716	5,881	6,007	6,138	6,177	6,132	6,137	6,211	6,183	6,267	6,353	6,418	6,404	6,415	6,345	6,317
Additional Paid-In Capital	0.0%	6,659	6,657	6,661	6,657	6,657	6,750	6,776	6,876	6,930	6,916	6,876	6,863	6,864	6,876	6,922	6,945	6,960	7,122	7,132	7,032	7,028
Shares Outstanding	0.0%	64.00	64.00	64.00	64.00	64.00	65.00	65.00	65.00	65.00	65.00	65.00	65.00	-	-	-	-	-	-	-	-	-
Minority Interest	2.6%	176	171	175	177	178	179	178	179	181	183	183	183	186	183	184	187	190	183	190	190	126
Float	-	-	-	-	14,927	-	-	-	16,906	-	-	-	19,373	-	-	-	14,875	-	-	-	19,061	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	54.6%	314,855	203,674	288,063	211,408	276,919	166,914	299,190	194,402	315,143	205,382	271,806	232,805	195,266	149,671	227,327	159,184	266,926	212,152	277,094	174,074	255,759
Share Based Compensation	-23.8%	1,592	2,088	2,148	1,824	1,971	617	1,801	2,492	2,296	1,909	1,623	2,390	1,386	3,234	880	2,638	1,405	262	1,427	3,253	2,068
Cashflow From Investing	-830.4%	-397,443	-42,716	-67,903	-89,679	55,158	215,340	-171,033	-4,067	105,718	-302,190	-89,572	-152,504	146,869	-114,912	-14,185	157,834	-445,637	176,562	-372,786	-112,219	-219,248
Cashflow From Financing	218.0%	190,124	-161,121	111,223	-129,773	-297,600	-393,142	-123,051	-250,425	-370,946	94,494	-179,458	-135,485	-312,816	-519,793	99,458	-342,890	379,964	-399,346	132,447	-131,010	-63,780
Buy Backs	-	-	-	-	-	95,657	31,775	97,121	60,830	-	-	-	-	9,172	46,325	26,586	20,093	176,311	-	-	-	56,989

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ESS Income Statement

2024-03-31

EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Rental and other property	$ 424,215	$ 409,656
Management and other fees from affiliates	2,713	2,765
Revenues	426,928	412,421
Expenses:
Property operating, excluding real estate taxes	78,946	73,882
Real estate taxes	46,920	46,530
Corporate-level property management expenses	11,731	11,432
Depreciation and amortization	139,733	136,347
General and administrative	17,171	15,311
Expensed acquisition and investment related costs	68	339
Casualty loss	0	433
Total expenses	294,569	284,274
Gain on sale of real estate and land	0	59,238
Earnings from operations	132,359	187,385
Interest expense	(55,933)	(51,045)
Total return swap income	796	1,033
Interest and other income	57,275	12,450
Equity income from co-investments	12,366	10,871
Tax (expense) benefit on unconsolidated co-investments	(49)	900
Gain on remeasurement of co-investment	138,326	0
Net income	285,140	161,594
Net income attributable to noncontrolling interest	(12,409)	(8,062)
Net income available to common stockholders	272,731	153,532
Comprehensive income	293,135	151,300
Comprehensive income attributable to noncontrolling interest	(12,681)	(7,712)
Comprehensive income attributable to controlling interest	$ 280,454	$ 143,588
Basic:
Net income available to common stockholders (in dollars per share)	$ 4.25	$ 2.38
Weighted average number of shares outstanding during the period (in shares)	64,205,086	64,458,535
Diluted:
Net income available to common stockholders (in dollars per share)	$ 4.25	$ 2.38
Weighted average number of shares outstanding during the period (in shares)	64,212,006	64,459,689

ESS Balance Sheet

2024-03-31

EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Rental properties:
Land and land improvements	$ 3,138,093	$ 3,036,912
Buildings and improvements	13,535,431	13,098,311
Total rental properties	16,673,524	16,135,223
Less: accumulated depreciation	(5,803,797)	(5,664,931)
Net real estate	10,869,727	10,470,292
Real estate under development	24,631	23,724
Co-investments	1,062,575	1,061,733
Total real estate	11,956,933	11,555,749
Cash and cash equivalents-unrestricted	499,036	391,749
Cash and cash equivalents-restricted	8,834	8,585
Marketable securities, net of allowance for credit losses of zero as of both March 31, 2024 and December 31, 2023	91,295	87,795
Notes and other receivables, net of allowance for credit losses of $0.7 million as of both March 31, 2024 and December 31, 2023, respectively (includes related party receivables of $5.9 million and $6.1 million as of March 31, 2024 and December 31, 2023, respectively)	183,040	174,621
Operating lease right-of-use assets	62,858	63,757
Prepaid expenses and other assets	83,189	79,171
Total assets	12,885,185	12,361,427
LIABILITIES AND EQUITY
Unsecured debt, net	5,666,604	5,318,531
Mortgage notes payable, net	886,388	887,204
Accounts payable and accrued liabilities	216,536	176,401
Construction payable	18,280	20,659
Dividends payable	165,208	155,695
Distributions in excess of investments in co-investments	63,806	65,488
Operating lease liabilities	64,097	65,091
Other liabilities	48,321	46,175
Total liabilities	7,129,240	6,735,244
Commitments and contingencies
Redeemable noncontrolling interest	32,192	32,205
Equity:
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,209,059 and 64,203,497 shares issued and outstanding, respectively	6	6
Additional paid-in capital	6,658,882	6,656,720
Distributions in excess of accumulated earnings	(1,152,136)	(1,267,536)
Accumulated other comprehensive income, net	41,279	33,556
Total stockholders' equity	5,548,031	5,422,746
Noncontrolling interest	175,722	171,232
Total equity	5,723,753	5,593,978
Total liabilities and equity	$ 12,885,185	$ 12,361,427

About Essex Property Trust Inc

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 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.

CEO	Ms. Angela L. Kleiman
WEBSITE	essexapartmenthomes.com
INDUSTRY	REIT Mortgage
EMPLOYEES	1770

Essex Property Trust Inc Frequently Asked Questions

What is the ticker symbol for Essex Property Trust Inc? What does ESS stand for in stocks?

ESS is the stock ticker symbol of Essex Property Trust Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Essex Property Trust Inc (ESS)?

As of Tue May 07 2024, market cap of Essex Property Trust Inc is 16.54 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ESS stock?

You can check ESS's fair value in chart for subscribers.

What is the fair value of ESS stock?

You can check ESS's fair value in chart for subscribers. The fair value of Essex Property Trust Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Essex Property Trust Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ESS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Essex Property Trust Inc a good stock to buy?

The fair value guage provides a quick view whether ESS is over valued or under valued. Whether Essex Property Trust Inc is cheap or expensive depends on the assumptions which impact Essex Property Trust Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ESS.

What is Essex Property Trust Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, ESS's PE ratio (Price to Earnings) is 29.84 and Price to Sales (PS) ratio is 9.91. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ESS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Essex Property Trust Inc's stock?

In the past 10 years, Essex Property Trust Inc has provided 0.062 (multiply by 100 for percentage) rate of return.