Essex Property Trust Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $220.82
- Today's High:
- $225.67
- Open Price:
- $223.41
- 52W Low:
- $192.8249
- 52W High:
- $291.2434
- Prev. Close:
- $224.07
- Volume:
- 514843
Company Statistics
- Market Cap.:
- $14.96 billion
- Book Value:
- 87.545
- Revenue TTM:
- $1.65 billion
- Operating Margin TTM:
- 32.38%
- Gross Profit TTM:
- $1.12 billion
- Profit Margin:
- 29.56%
- Return on Assets TTM:
- 2.67%
- Return on Equity TTM:
- 8.6%
Company Profile
Essex Property Trust Inc had its IPO on 1994-06-06 under the ticker symbol ESS.
The company operates in the Real Estate sector and REIT-Residential industry. Essex Property Trust Inc has a staff strength of 1,770 employees.
Stock update
Shares of Essex Property Trust Inc opened at $223.41 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $220.82 - $225.67, and closed at $225.66.
This is a +0.71% increase from the previous day's closing price.
A total volume of 514,843 shares were traded at the close of the day’s session.
In the last one week, shares of Essex Property Trust Inc have slipped by -4.99%.
Essex Property Trust Inc's Key Ratios
Essex Property Trust Inc has a market cap of $14.96 billion, indicating a price to book ratio of 2.5084 and a price to sales ratio of 8.931.
In the last 12-months Essex Property Trust Inc’s revenue was $1.65 billion with a gross profit of $1.12 billion and an EBITDA of $1.08 billion. The EBITDA ratio measures Essex Property Trust Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Essex Property Trust Inc’s operating margin was 32.38% while its return on assets stood at 2.67% with a return of equity of 8.6%.
In Q1, Essex Property Trust Inc’s quarterly earnings growth was a positive 112.5% while revenue growth was a positive 5%.
Essex Property Trust Inc’s PE and PEG Ratio
- Forward PE
- 20.6186
- Trailing PE
- 28.6539
- PEG
- 2.3017
Its diluted EPS in the last 12-months stands at $7.86 per share while it has a forward price to earnings multiple of 20.6186 and a PEG multiple of 2.3017. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Essex Property Trust Inc’s profitability.
Essex Property Trust Inc stock is trading at a EV to sales ratio of 13.0226 and a EV to EBITDA ratio of 17.6163. Its price to sales ratio in the trailing 12-months stood at 8.931.
Essex Property Trust Inc stock pays annual dividends of $8.91 per share, indicating a yield of 4.22% and a payout ratio of 119.63%.
Balance sheet and cash flow metrics
- Total Assets
- $12.28 billion
- Total Liabilities
- $457000.00
- Operating Cash Flow
- $55.16 million
- Capital Expenditure
- $21.08 million
- Dividend Payout Ratio
- 119.63%
Essex Property Trust Inc ended 2024 with $12.28 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $12.28 billion while shareholder equity stood at $5.62 billion.
Essex Property Trust Inc ended 2024 with $0 in deferred long-term liabilities, $457000.00 in other current liabilities, 6000.00 in common stock, $-1074930000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $77.16 million and cash and short-term investments were $184.16 million. The company’s total short-term debt was $457,000 while long-term debt stood at $5.93 billion.
Essex Property Trust Inc’s total current assets stands at $304.75 million while long-term investments were $1.13 billion and short-term investments were $107.00 million. Its net receivables were $120.59 million compared to accounts payable of $208.07 million and inventory worth $21.91 million.
In 2024, Essex Property Trust Inc's operating cash flow was $55.16 million while its capital expenditure stood at $21.08 million.
Comparatively, Essex Property Trust Inc paid $1.20 in dividends in 2024.
Other key metrics
- Current Trading Price
- $225.66
- 52-Week High
- $291.2434
- 52-Week Low
- $192.8249
- Analyst Target Price
- $233.45
Essex Property Trust Inc stock is currently trading at $225.66 per share. It touched a 52-week high of $291.2434 and a 52-week low of $291.2434. Analysts tracking the stock have a 12-month average target price of $233.45.
Its 50-day moving average was $238.57 and 200-day moving average was $220.64 The short ratio stood at 3.05 indicating a short percent outstanding of 0%.
Around 119% of the company’s stock are held by insiders while 9760.3% are held by institutions.
Frequently Asked Questions About Essex Property Trust Inc
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About
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.