StocksFundsScreenerSectorsWatchlists
ESS

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

244.15USD+2.74 (+1.13%)Delayed as of 28 Mar 2024, 01:26 pm ET

Market Summary

ESS
USD244.15+2.74
Delayedas of 28 Mar 2024, 01:26 pm
1.13%

ESS Alerts

  • 2 major insider sales recently.
  • Big fall in earnings (Y/Y)

ESS Stock Price

View Fullscreen

ESS RSI Chart

ESS Valuation

Market Cap

15.5B

Price/Earnings (Trailing)

35.99

Price/Sales (Trailing)

9.29

Price/Free Cashflow

15.82

ESS Price/Sales (Trailing)

ESS Profitability

Return on Equity

7.94%

Return on Assets

3.48%

Free Cashflow Yield

6.32%

ESS Fundamentals

ESS Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

1.58%

Rev. Growth (Qtr)

0.61%

ESS Earnings

Earnings (TTM)

430.7M

Earnings Growth (Yr)

-63.78%

Earnings Growth (Qtr)

-24.36%

Breaking Down ESS Revenue

52 Week Range

202.83248.80
(Low)(High)

Last 7 days

1.2%

Last 30 days

2.8%

Last 90 days

-1.0%

Trailing 12 Months

13.1%

How does ESS drawdown profile look like?

ESS Financial Health

ESS Investor Care

Dividend Yield

3.83%

Dividend/Share (TTM)

9.24

Buy Backs (1Y)

0.49%

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
20090409.4M410.4M411.4M
2008000408.4M

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold ESS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-32.93
-645,454
2,343,530
-%
Mar 21, 2024
Grayhawk Investment Strategies Inc.
unchanged
-
1,075
7,438
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
added
453
11,149,900
13,185,900
0.04%
Mar 11, 2024
VANGUARD GROUP INC
reduced
-0.89
346,715,000
2,533,080,000
0.06%
Mar 08, 2024
TRUST CO OF VERMONT
added
0.68
38,374
255,130
0.02%
Mar 05, 2024
Fisher Asset Management, LLC
reduced
-4.05
402,450
3,707,870
-%
Mar 04, 2024
VIMA LLC
new
-
39,617
39,617
0.09%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
92.51
75,128,000
135,207,000
0.01%
Mar 01, 2024
ROYAL LONDON ASSET MANAGEMENT LTD
added
16.51
1,940,470
7,308,030
0.02%
Feb 28, 2024
BBJS FINANCIAL ADVISORS, LLC
added
2.61
146,122
878,447
0.30%

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
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
Mar 07, 2024
424B5
Prospectus Filed
Mar 07, 2024
FWP
Prospectus Filed
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
8-K
Current Report
Feb 28, 2024
144
Notice of Insider Sale Intent

What is the Fair Value of ESS?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed S&P 500 Index

Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $17,289
S&P 500 Index: $12,922
Very Expensive Stocks: $11,022


Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Essex Property Trust Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
92.0B
11.1B
3.02% 3.17%
67.33
8.26
4.04% -19.43%
45.8B
7.0B
-5.01% -21.08%
30.53
6.57
-0.07% -10.36%
26.1B
2.8B
3.42% 11.05%
28.1
9.43
6.73% -18.30%
21.9B
2.9B
5.24% -2.41%
211.79
7.61
11.46% -80.13%
13.1B
1.6B
5.52% 21.06%
30.39
8.17
7.80% 39.39%
11.1B
1.3B
-2.42% 1.98%
30.46
8.4
8.04% -24.50%
9.9B
3.3B
-6.07% 8.98%
52.15
3.03
5.31% -77.32%
MID-CAP
8.4B
1.1B
-0.89% 2.72%
35.55
7.44
5.38% -38.52%
3.7B
884.1M
-1.28% 51.03%
-13.45
4.17
2.90% -314.82%
3.5B
899.4M
12.83% 136.94%
-6.17
3.87
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-3.35% 20.98%
20.37
2.99
4.38% 15.77%
1.2B
198.2M
4.31% 1.50%
-7.47
5.93
-43.33% -270.70%
1.1B
605.6M
5.98% 19.45%
14.31
1.89
25.53% 134.62%
650.5M
258.7M
-8.43% -22.26%
-13.37
2.51
0.11% 83.70%
461.8M
277.9M
8.28% -16.39%
-29.12
1.66
44.33% 96.06%

Essex Property Trust Inc News

Latest updates
MarketBeat57 minutes 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/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-24.4%70.0093.0010616219499.0062.0078.0014412570.0017710279.0090.0032913510698.00126124
Net Income Margin-23.1%0.26*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%39239261.0068.0033.0043.0038.0098.0048.0050.0048.0010384.0055824627281.0074.0038.00107151
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 Equity-2.0%5,4235,5325,7625,7975,7165,8816,0076,1386,1776,1326,1376,2116,1836,2676,3536,4186,4046,4156,3456,3176,394
  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---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/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

2023-12-31
EPT - Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:   
Rental and other property$ 1,658,264$ 1,595,675$ 1,431,418
Management and other fees from affiliates11,13111,1399,138
Total revenues1,669,3951,606,8141,440,556
Expenses:   
Property operating, excluding real estate taxes299,672283,351264,869
Real estate taxes185,807183,918180,367
Corporate-level property management expenses45,87240,70436,211
Depreciation and amortization548,438539,319520,066
General and administrative63,47456,57751,838
Expensed acquisition and investment related costs5952,132203
Casualty loss43300
Total expenses1,144,2911,106,0011,053,554
Gain on sale of real estate and land59,23894,416142,993
Earnings from operations584,342595,229529,995
Interest expense(212,905)(204,798)(203,125)
Total return swap income3,1487,90710,774
Interest and other income (loss)46,259(19,040)98,744
Equity income from co-investments10,56126,030111,721
Tax (expense) benefit on unconsolidated co-investments(697)10,236(15,668)
Loss on early retirement of debt, net0(2)(19,010)
Gain on remeasurement of co-investment017,4232,260
Net income430,708432,985515,691
Net income attributable to noncontrolling interest(24,883)(24,670)(27,137)
Net income available to common stockholders$ 405,825$ 408,315$ 488,554
Basic:   
Net income available to common stockholders/unitholders (in dollars per share)$ 6.32$ 6.27$ 7.51
Weighted average number of shares/units outstanding during the year (in shares)64,252,23265,079,76465,051,465
Diluted:   
Net income available to common stockholders/unitholders (in dollars per share)$ 6.32$ 6.27$ 7.51
Weighted average number of shares/units outstanding during the year (in shares)64,253,38565,098,18665,088,874

ESS Balance Sheet

2023-12-31
EPT - Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Rental properties:  
Land and land improvements$ 3,036,912$ 3,043,321
Buildings and improvements13,098,31112,922,906
Total rental properties16,135,22315,966,227
Less: accumulated depreciation(5,664,931)(5,152,133)
Net real estate10,470,29210,814,094
Real estate under development23,72424,857
Co-investments1,061,7331,127,491
Total real estate11,555,74911,966,442
Cash and cash equivalents-unrestricted391,74933,295
Cash and cash equivalents-restricted8,5859,386
Marketable securities, net of allowance for credit losses of zero as of both December 31, 2023 and December 31, 202287,795112,743
Notes and other receivables, net of allowance for credit losses of $0.7 million and $0.3 million as of December 31, 2023 and December 31, 2022 (includes related party receivables of $6.1 million and $7.0 million as of December 31, 2023 and December 31, 2022, respectively)174,621103,045
Operating lease right-of-use assets63,75767,239
Prepaid expenses and other assets79,17180,755
Total assets12,361,42712,372,905
LIABILITIES AND EQUITY  
Unsecured debt, net5,318,5315,312,168
Mortgage notes payable, net887,204593,943
Lines of credit052,073
Accounts payable and accrued liabilities176,401165,461
Construction payable20,65923,159
Dividends payable155,695149,166
Distributions in excess of investments in co-investments65,48842,532
Operating lease liabilities65,09168,696
Other liabilities46,17543,441
Total liabilities6,735,2446,450,639
Commitments and contingencies
Redeemable noncontrolling interest32,20527,150
Equity:  
Common stock; $0.0001 par value, 670,000,000 shares authorized; 64,203,497 and 64,604,603 shares issued and outstanding, respectively66
Additional paid-in capital6,656,7206,750,076
Distributions in excess of accumulated earnings(1,267,536)(1,080,176)
Accumulated other comprehensive income, net33,55646,466
Total stockholders' equity5,422,7465,716,372
Noncontrolling interest171,232178,744
Total equity5,593,9785,895,116
Total liabilities and equity$ 12,361,427$ 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 Wed Mar 27 2024, market cap of Essex Property Trust Inc is 15.5 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 Wed Mar 27 2024, ESS's PE ratio (Price to Earnings) is 35.99 and Price to Sales (PS) ratio is 9.29. 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 0.064 (multiply by 100 for percentage) rate of return.