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ESS

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

229.25USD-0.70 (-0.30%)Market Closed
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Market Summary

USD229.25-0.70
Market Closed
-0.30%

ESS Stock Price

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ESS RSI Chart

ESS Valuation

Market Cap

14.7B

Price/Earnings (Trailing)

26.54

Price/Sales (Trailing)

8.82

Price/Free Cashflow

15.02

ESS Price/Sales (Trailing)

ESS Profitability

Return on Equity

9.91%

Return on Assets

4.49%

Free Cashflow Yield

6.66%

ESS Fundamentals

ESS Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

1.58%

Rev. Growth (Qtr)

0.61%

ESS Earnings

Earnings (TTM)

554.6M

Earnings Growth (Yr)

-5.77%

Earnings Growth (Qtr)

-12.05%

Breaking Down ESS Revenue

Last 7 days

2.4%

Last 30 days

-5.5%

Last 90 days

11.5%

Trailing 12 Months

0.7%

How does ESS drawdown profile look like?

ESS Financial Health

ESS Investor Care

Dividend Yield

4.03%

Dividend/Share (TTM)

9.24

Buy Backs (1Y)

0.62%

Diluted EPS (TTM)

6.32

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.6B1.6B1.7B1.7B
20221.5B1.5B1.6B1.6B
20211.5B1.4B1.4B1.4B
20201.5B1.5B1.5B1.5B
20191.4B1.4B1.4B1.5B
20181.4B1.4B1.4B1.4B
20171.3B1.3B1.3B1.4B
20161.2B1.3B1.3B1.3B
20151.1B1.1B1.2B1.2B
2014624.1M733.0M850.0M970.9M
2013555.8M574.1M590.4M611.1M
2012482.9M499.2M517.6M535.7M
2011427.2M443.3M458.2M467.4M
2010407.5M404.0M406.6M415.9M
2009409.2M409.9M410.7M411.4M
2008000408.4M

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 08, 2024
kleiman angela l.
acquired
-
-
2,704
president and ceo
Feb 08, 2024
burns rylan
acquired
-
-
426
evp & chief investment officer
Feb 08, 2024
morrison anne
acquired
-
-
589
evp, cao & general counsel
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
burns rylan
acquired
-
-
567
evp & chief investment officer
Feb 08, 2024
morrison anne
acquired
-
-
785
svp - general counsel
Feb 08, 2024
kleiman angela l.
acquired
-
-
3,609
president and ceo
Dec 07, 2023
pak barbara
sold (taxes)
-410,801
224
-1,827
executive vice president & cfo

1–10 of 50

Which funds bought or sold ESS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 21, 2024
V-Square Quantitative Management LLC
unchanged
-
34,201
236,535
0.04%
Feb 21, 2024
Raleigh Capital Management Inc.
new
-
3,223
3,223
-%
Feb 20, 2024
Pacific Center for Financial Services
added
0.69
5,468
36,278
0.01%
Feb 20, 2024
Quarry LP
reduced
-50.00
-4,229
5,951
-%
Feb 16, 2024
Aspect Partners, LLC
new
-
13,637
13,637
0.01%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
added
1.24
4,597,930
29,646,900
0.12%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
10.69
94,963,000
417,959,000
0.06%
Feb 16, 2024
VIMA LLC
new
-
37,495
37,495
0.08%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
added
22.22
849
2,797
-%
Feb 16, 2024
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
unchanged
-
241,665
1,671,360
-%

1–10 of 46

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

Unveiling Essex Property Trust Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
Feb 23, 2024
10-K
Annual Report
Feb 13, 2024
4/A
Insider Trading
Feb 13, 2024
4/A
Insider Trading
Feb 13, 2024
4/A
Insider Trading
Feb 13, 2024
4/A
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading
Feb 09, 2024
4
Insider Trading

What is the Fair Value of ESS?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Peers (Alternatives to Essex Property Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
88.5B
11.1B
-10.65% -13.65%
138.95
8
5.85% -77.77%
47.2B
7.0B
-3.98% -22.59%
30.4
6.76
-0.07% -3.84%
24.9B
2.8B
-2.97% -1.75%
26.82
9
6.73% -18.26%
21.0B
2.9B
-5.52% -28.01%
202.37
7.27
11.46% -80.13%
12.7B
1.6B
-3.69% 2.47%
28.63
7.85
8.93% 66.32%
10.2B
3.2B
-3.72% -7.14%
56.01
3.16
6.05% -80.01%
MID-CAP
11.2B
1.3B
-5.09% -7.40%
30.75
8.48
8.04% -24.50%
8.2B
1.1B
-2.41% -8.68%
34.42
7.21
5.38% -38.52%
3.6B
873.6M
9.75% 30.95%
-10.78
4.13
1.54% -294.39%
3.1B
899.4M
3.37% 28.11%
-5.42
3.4
37.21% -623.11%
SMALL-CAP
1.3B
419.4M
-7.04% -16.43%
20.59
3.12
-0.77% 17.90%
1.1B
605.6M
-5.97% -2.34%
14.16
1.87
25.53% 134.62%
1.1B
339.3M
-2.17% -
-5.08
3.29
88.48% -170.63%
664.7M
258.7M
-10.18% -35.90%
-13.66
2.57
0.11% 83.70%
417.7M
277.9M
-5.13% -36.77%
-26.34
1.5
42.88% 96.06%

Essex Property Trust Inc News

Latest updates
AmericanBankingNEWS25 hours ago
Yahoo Finance05 Feb 202408:00 am

Essex Property Trust Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue0.6%422419418417415410398386374363351353362371370392375367362356353
Costs and Expenses1.4%291287281284281281271272270268258258276265267262255243237241244
  S&GA Expenses35.1%20.0015.0014.0015.0016.0015.0013.0012.0017.0013.0012.0010.0023.0013.0015.0014.0016.0011.0014.0013.0017.00
EBITDA Margin---------0.60*0.60*0.60*0.60*0.59*0.58*0.57*0.57*0.57*0.58*0.59*0.59*-
Interest Expenses1.7%55.0054.0053.0051.0052.0052.0050.0050.0050.0050.0051.0052.0056.0055.0054.0055.0055.0055.0054.0054.0054.00
EBT Margin---------0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.09*0.10*-
Net Income-100.0%-93.0010616219499.0062.0078.0014412570.0017710279.0090.0032913510698.00126124
Net Income Margin-0.9%0.33*0.34*0.34*0.32*0.27*0.24*0.27*0.28*0.36*0.33*0.30*0.31*---------
Free Cashflow-29.3%204288211277167299194315205272233195---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-1.1%12,36112,49812,24512,28012,37312,62412,55812,77012,99812,78912,74712,79012,93613,40113,17713,45112,70512,99812,67112,57812,384
    Cash Equivalents-0.1%39239261.0068.0033.0043.0038.0098.0048.0050.0048.0010374.0055824627281.0074.0038.00107151
Liabilities-0.4%6,7356,7616,4526,4536,4516,7146,5186,5926,7876,6246,5756,5436,7217,1036,7917,0006,2646,5446,2896,2245,954
Shareholder's Equity1.1%5,5945,5325,7625,7975,7165,8816,0076,1386,1776,1326,1376,2116,1836,2676,3536,4186,4046,4156,3456,3176,394
  Additional Paid-In Capital-0.1%6,6576,6616,6576,6576,7506,7766,8766,9306,9166,8766,8636,8646,8766,9226,9456,9607,1227,1327,0327,0287,093
Shares Outstanding0.0%64.0064.0064.0064.0065.0065.0065.0065.0065.0065.0065.0065.00---------
Minority Interest-2.0%171175177178179178179181183183183186183184187190183190190126127
Float-------16,906---19,373---14,875---19,061--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-29.3%203,674288,063211,408276,919166,914299,190194,402315,143205,382271,806232,805195,266149,671227,327159,184266,926212,152277,094174,074255,759145,417
  Share Based Compensation-2.8%2,0882,1481,8241,9716171,8012,4922,2961,9091,6232,3901,3863,2348802,6381,4052621,4273,2532,068-74.00
Cashflow From Investing37.1%-42,716-67,903-89,67955,158215,340-171,033-4,067105,718-302,190-89,572-152,504146,869-114,912-14,185157,834-445,637176,562-372,786-112,219-219,24875,931
Cashflow From Financing-244.9%-161,121111,223-129,773-297,600-393,142-123,051-250,425-370,94694,494-179,458-135,485-312,816-519,79399,458-342,890379,964-399,346132,447-131,010-63,780-244,579
  Buy Backs----95,65731,77597,12160,830----9,17246,32526,58620,093176,311---56,98947,459

ESS Income Statement

2023-09-30
EPT - Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:    
Rental and other property$ 416,398$ 406,862$ 1,239,319$ 1,183,318
Management and other fees from affiliates2,7852,8868,3288,313
Revenues419,183409,7481,247,6471,191,631
Expenses:    
Property operating, excluding real estate taxes77,02073,450224,745212,069
Real estate taxes46,87646,593138,787137,594
Corporate-level property management expenses11,50410,18434,38730,532
Depreciation and amortization137,357135,511410,422403,561
General and administrative14,61115,17243,73540,541
Expensed acquisition and investment related costs31230375248
Casualty loss004330
Total expenses287,399281,140852,884824,545
Gain on sale of real estate and land0059,2380
Earnings from operations131,784128,608454,001367,086
Interest expense(54,161)(51,645)(157,806)(152,499)
Total return swap income6901,8822,5446,709
Interest and other income (loss)4,406(6,796)29,055(31,571)
Equity income from co-investments10,69410,98533,80223,756
Tax (expense) benefit on unconsolidated co-investments(404)(1,755)(1,237)7,863
Loss on early retirement of debt, net0(2)0(2)
Gain on remeasurement of co-investment017,423017,423
Net income93,00998,700360,359238,765
Net income attributable to noncontrolling interest(5,727)(5,858)(19,925)(15,615)
Net income available to common stockholders87,28292,842340,434223,150
Comprehensive income97,122124,797369,564297,053
Comprehensive income attributable to noncontrolling interest(5,867)(6,740)(20,238)(17,582)
Comprehensive income attributable to controlling interest$ 91,255$ 118,057$ 349,326$ 279,471
Basic:    
Net income available to common stockholders (in dollars per share)$ 1.36$ 1.43$ 5.30$ 3.42
Weighted average number of shares outstanding during the period (in shares)64,184,18065,059,67864,274,08565,198,532
Diluted:    
Net income available to common stockholders (in dollars per share)$ 1.36$ 1.43$ 5.30$ 3.42
Weighted average number of shares outstanding during the period (in shares)64,186,02065,067,79064,275,27965,225,767

ESS Balance Sheet

2023-09-30
EPT - Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Rental properties:  
Land and land improvements$ 3,036,912$ 3,043,321
Buildings and improvements13,036,03312,922,906
Total rental properties16,072,94515,966,227
Less: accumulated depreciation(5,527,559)(5,152,133)
Net real estate10,545,38610,814,094
Real estate under development23,06724,857
Co-investments1,133,5151,127,491
Total real estate11,701,96811,966,442
Cash and cash equivalents-unrestricted391,99433,295
Cash and cash equivalents-restricted8,5039,386
Marketable securities, net of allowance for credit losses of zero as of both September 30, 2023 and December 31, 202290,186112,743
Notes and other receivables, net of allowance for credit losses of $0.6 million and $0.3 million as of September 30, 2023 and December 31, 2022, respectively (includes related party receivables of $7.2 million and $7.0 million as of September 30, 2023 and December 31, 2022, respectively)164,603103,045
Operating lease right-of-use assets64,63667,239
Prepaid expenses and other assets75,75780,755
Total assets12,497,64712,372,905
LIABILITIES AND EQUITY  
Unsecured debt, net5,316,9295,312,168
Mortgage notes payable, net888,010593,943
Lines of credit052,073
Accounts payable and accrued liabilities215,201165,461
Construction payable22,70923,159
Dividends payable155,806149,166
Distributions in excess of investments in co-investments50,68642,532
Operating lease liabilities65,92768,696
Other liabilities45,97243,441
Total liabilities6,761,2406,450,639
Commitments and contingencies
Redeemable noncontrolling interest29,96027,150
Equity:  
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,184,604 and 64,604,603 shares issued and outstanding, respectively66
Additional paid-in capital6,660,9166,750,076
Distributions in excess of accumulated earnings(1,184,597)(1,080,176)
Accumulated other comprehensive income, net55,35846,466
Total stockholders' equity5,531,6835,716,372
Noncontrolling interest174,764178,744
Total equity5,706,4475,895,116
Total liabilities and equity$ 12,497,647$ 12,372,905
ESS
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
 WEBSITEwww.essexapartmenthomes.com
 EMPLOYEES1770

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 Fri Feb 23 2024, market cap of Essex Property Trust Inc is 14.71 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 Fri Feb 23 2024, ESS's PE ratio (Price to Earnings) is 26.53 and Price to Sales (PS) ratio is 9.4. 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.