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ESS

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

275.35USD+3.91 (+1.44%)Market Closed

Market Summary

ESS
USD275.35+3.91
Market Closed
1.44%

ESS Alerts

  • Big jump in Earnings (Y/Y)

ESS Stock Price

View Fullscreen

ESS RSI Chart

ESS Valuation

Market Cap

17.7B

Price/Earnings (Trailing)

31.9

Price/Sales (Trailing)

10.59

EV/EBITDA

16.43

Price/Free Cashflow

17.37

ESS Price/Sales (Trailing)

ESS Profitability

EBT Margin

9.51%

Return on Equity

9.99%

Return on Assets

4.3%

Free Cashflow Yield

5.76%

ESS Fundamentals

ESS Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

3.52%

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

Last 7 days

2.6%

Last 30 days

3.9%

Last 90 days

15.2%

Trailing 12 Months

18.0%

How does ESS drawdown profile look like?

ESS Financial Health

ESS Investor Care

Dividend Yield

3.41%

Dividend/Share (TTM)

9.38

Shares Dilution (1Y)

0.04%

Diluted EPS (TTM)

8.19

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20240000
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
20090409.4M410.4M411.4M
2008000408.4M
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Tracking the Latest Insider Buys and Sells of Essex Property Trust Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
May 14, 2024
lyons irving f iii
acquired
-
-
585
-
May 14, 2024
kasaris mary
acquired
-
-
585
-
May 14, 2024
gust anne b
acquired
-
-
585
-
May 14, 2024
hawthorne maria r
acquired
-
-
585
-
May 14, 2024
johnson amal m
acquired
-
-
585
-
May 14, 2024
guericke keith r
acquired
-
-
585
-
May 14, 2024
marcus george m
acquired
-
-
1,076
-

1–10 of 50

Which funds bought or sold ESS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-8.33
-533
5,418
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
added
15.07
1,075,000
11,287,000
0.02%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-5.4
-90,000
1,283,000
0.01%
May 28, 2024
Boston Partners
added
3.29
3,555,030
182,185,000
0.22%
May 24, 2024
Cetera Investment Advisers
new
-
760,983
760,983
-%
May 24, 2024
PGGM Investments
unchanged
-
-1,134,000
88,683,000
1.29%
May 20, 2024
Pacific Center for Financial Services
added
0.68
-230
36,048
0.01%
May 17, 2024
VIMA LLC
added
163
48,797
88,414
0.07%
May 17, 2024
Aspect Partners, LLC
unchanged
-
-172
13,465
0.01%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-93.43
-3,687,910
255,826
-%

1–10 of 47

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
May 31, 2024
8-K
Current Report
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
4
Insider Trading
May 16, 2024
8-K
Current Report

Peers (Alternatives to Essex Property Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
91.9B
11.2B
5.24% 2.77%
46.55
8.2
3.63% 50.79%
43.4B
6.8B
-1.22% -12.74%
31.11
6.33
-2.39% -16.60%
28.4B
2.8B
1.25% 5.15%
29.76
10.13
5.72% -6.46%
20.5B
3.0B
-5.57% -3.95%
104.32
6.93
10.44% -73.79%
13.0B
-
-1.83% 1.67%
30.71
7.99
8.93% 11.87%
11.4B
1.4B
3.16% 1.31%
30.21
8.32
10.48% -2.04%
MID-CAP
9.6B
3.3B
-4.28% 13.06%
50.09
2.91
4.82% -75.15%
8.4B
1.2B
-0.66% 7.93%
35.42
7.34
5.48% -38.69%
3.7B
913.7M
3.69% 121.78%
-7.19
4.03
1.13% -307.54%
3.2B
878.0M
-10.06% 32.26%
-9.36
3.65
2.35% -290.39%
SMALL-CAP
1.3B
444.1M
-3.19% 12.21%
19.4
3
3.54% 8.91%
1.2B
198.2M
-1.84% -4.41%
-7.32
6.02
-43.33% -308.08%
1.1B
650.2M
-0.28% -6.01%
36.04
1.7
27.93% 140.31%
551.0M
285.4M
-3.05% -40.32%
-4.32
1.93
11.05% 83.70%
445.3M
277.2M
-1.41% -17.47%
-54.3
1.61
25.89% 94.64%

Essex Property Trust Inc News

Latest updates
MarketBeat11 hours ago

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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue1.2%427422419416412415410399387376361351355362371370392375367362356
Costs and Expenses1.1%295291287281284281281271272270268258258276265267262255243237241
  S&GA Expenses-13.0%17.0020.0015.0014.0015.0016.0015.0013.0012.0017.0013.0012.0010.0023.0013.0015.0014.0016.0011.0014.0013.00
EBITDA Margin0.9%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 Expenses1.5%56.0055.0054.0053.0051.0052.0052.0050.0050.0050.0050.0051.0052.0056.0055.0054.0055.0055.0055.0054.0054.00
EBT Margin0%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 Income305.3%28570.0093.0010616219499.0062.0078.0014412570.0017710279.0090.0032913510698.00126
Net Income Margin28.7%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 Cashflow54.6%315204288211277167299194315205272233---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets4.2%12,88512,36112,49812,24512,28012,37312,62412,55812,77012,99812,78912,74712,79012,93613,40113,17713,45112,70512,99812,67112,578
    Cash Equivalents27.4%49939239261.0068.0033.0043.0038.0098.0048.0050.0048.0010384.0055824627281.0074.0038.00107
Liabilities5.8%7,1296,7356,7616,4526,4536,4516,7146,5186,5926,7876,6246,5756,5436,7217,1036,7917,0006,2646,5446,2896,224
Shareholder's Equity2.3%5,5485,4235,5325,7625,7975,8955,8816,0076,1386,1776,1326,1376,2116,1836,2676,3536,4186,4046,4156,3456,317
  Additional Paid-In Capital0.0%6,6596,6576,6616,6576,6576,7506,7766,8766,9306,9166,8766,8636,8646,8766,9226,9456,9607,1227,1327,0327,028
Shares Outstanding0.0%64.0064.0064.0064.0064.0065.0065.0065.0065.0065.0065.0065.00---------
Minority Interest2.6%176171175177178179178179181183183183186183184187190183190190126
Float----14,927---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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations54.6%314,855203,674288,063211,408276,919166,914299,190194,402315,143205,382271,806232,805195,266149,671227,327159,184266,926212,152277,094174,074255,759
  Share Based Compensation-23.8%1,5922,0882,1481,8241,9716171,8012,4922,2961,9091,6232,3901,3863,2348802,6381,4052621,4273,2532,068
Cashflow From Investing-830.4%-397,443-42,716-67,903-89,67955,158215,340-171,033-4,067105,718-302,190-89,572-152,504146,869-114,912-14,185157,834-445,637176,562-372,786-112,219-219,248
Cashflow From Financing218.0%190,124-161,121111,223-129,773-297,600-393,142-123,051-250,425-370,94694,494-179,458-135,485-312,816-519,79399,458-342,890379,964-399,346132,447-131,010-63,780
  Buy Backs-----95,65731,77597,12160,830----9,17246,32526,58620,093176,311---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 affiliates2,7132,765
Revenues426,928412,421
Expenses:  
Property operating, excluding real estate taxes78,94673,882
Real estate taxes46,92046,530
Corporate-level property management expenses11,73111,432
Depreciation and amortization139,733136,347
General and administrative17,17115,311
Expensed acquisition and investment related costs68339
Casualty loss0433
Total expenses294,569284,274
Gain on sale of real estate and land059,238
Earnings from operations132,359187,385
Interest expense(55,933)(51,045)
Total return swap income7961,033
Interest and other income57,27512,450
Equity income from co-investments12,36610,871
Tax (expense) benefit on unconsolidated co-investments(49)900
Gain on remeasurement of co-investment138,3260
Net income285,140161,594
Net income attributable to noncontrolling interest(12,409)(8,062)
Net income available to common stockholders272,731153,532
Comprehensive income293,135151,300
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)64,205,08664,458,535
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)64,212,00664,459,689

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 improvements13,535,43113,098,311
Total rental properties16,673,52416,135,223
Less: accumulated depreciation(5,803,797)(5,664,931)
Net real estate10,869,72710,470,292
Real estate under development24,63123,724
Co-investments1,062,5751,061,733
Total real estate11,956,93311,555,749
Cash and cash equivalents-unrestricted499,036391,749
Cash and cash equivalents-restricted8,8348,585
Marketable securities, net of allowance for credit losses of zero as of both March 31, 2024 and December 31, 202391,29587,795
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)183,040174,621
Operating lease right-of-use assets62,85863,757
Prepaid expenses and other assets83,18979,171
Total assets12,885,18512,361,427
LIABILITIES AND EQUITY  
Unsecured debt, net5,666,6045,318,531
Mortgage notes payable, net886,388887,204
Accounts payable and accrued liabilities216,536176,401
Construction payable18,28020,659
Dividends payable165,208155,695
Distributions in excess of investments in co-investments63,80665,488
Operating lease liabilities64,09765,091
Other liabilities48,32146,175
Total liabilities7,129,2406,735,244
Commitments and contingencies
Redeemable noncontrolling interest32,19232,205
Equity:  
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,209,059 and 64,203,497 shares issued and outstanding, respectively66
Additional paid-in capital6,658,8826,656,720
Distributions in excess of accumulated earnings(1,152,136)(1,267,536)
Accumulated other comprehensive income, net41,27933,556
Total stockholders' equity5,548,0315,422,746
Noncontrolling interest175,722171,232
Total equity5,723,7535,593,978
Total liabilities and equity$ 12,885,185$ 12,361,427
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
 WEBSITEessexapartmenthomes.com
 INDUSTRYREIT Mortgage
 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 Thu Jun 13 2024, market cap of Essex Property Trust Inc is 17.68 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 Thu Jun 13 2024, ESS's PE ratio (Price to Earnings) is 31.9 and Price to Sales (PS) ratio is 10.59. 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 0.071 (multiply by 100 for percentage) rate of return.