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Essex Property Trust, Inc. (ESS)

Stock Price: $219.53 USD -3.95 (-1.77%)
Updated Aug 11, 2020 4:02 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 14.32B
Revenue (ttm) 1.63B
Net Income (ttm) 627.62M
Shares Out 65.21M
EPS (ttm) 9.52
PE Ratio 23.06
Forward PE 38.31
Dividend $8.31
Dividend Yield 3.79%

Stock Quote

Trading Day Aug 11, 2020
Last Price $219.53
Previous Close $223.48
Change ($) -3.95
Change (%) -1.77%
Day's Open 224.68
Day's Range 218.80 - 225.99
Day's Volume 331,266
52-Week Range 175.81 - 334.17

More Stats

Market Cap 14.32B
Enterprise Value 20.45B
Earnings Date (est) Oct 28, 2020
Ex-Dividend Date Jun 29, 2020
Shares Outstanding 65.21M
Float 63.79M
EPS (basic) 9.52
EPS (diluted) 9.52
FCF / Share 1.10
Dividend $8.31
Dividend Yield 3.79%
Earnings Yield 4.34%
FCF Yield 0.50%
Payout Ratio n/a
Shares Short 860,074
Short Ratio 1.80
Short % of Float 1.83%
Beta 0.65
PE Ratio 23.06
Forward PE 38.31
P/FCF Ratio 199.76
PS Ratio 8.78
PB Ratio 2.33
Revenue 1.63B
Operating Income 474.83M
Net Income 627.62M
Free Cash Flow 71.66M
Net Cash -6.14B
Net Cash / Share -94.14
Gross Margin 70.48%
Operating Margin 29.14%
Profit Margin 41.70%
FCF Margin 4.40%
ROA 2.95%
ROE 10.33%
ROIC n/a
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (22)

Buy 5
Overweight 1
Hold 14
Underweight 0
Sell 2

Analyst Consensus: Overweight

Price Target

$253.28*
(15.37% upside)
Low
203
Current: $219.53
High
342
Target: 253.28
*Average 12-month price target from 18 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,4601,4001,3641,2941,194971611535467410
Revenue Growth4.29%2.65%5.4%8.34%23.02%59.02%14.1%14.49%13.93%-
Gross Profit1,030984958905831658413363305264
Operating Income481512473421331202189167123106
Net Income43939043341523212215612547.0735.93
Shares Outstanding65.8466.0465.8365.4764.8756.5537.2535.0332.5429.67
Earnings Per Share6.665.906.576.273.492.064.043.411.241.14
EPS Growth12.88%-10.2%4.78%79.66%69.42%-49.01%18.48%175%8.77%-
Dividend Per Share7.807.447.006.405.765.114.844.404.164.13
Dividend Growth4.84%6.29%9.38%11.11%12.72%5.58%10%5.77%0.73%-
Operating Cash Flow919827770717618493305267217176
Capital Expenditures-464-353-487-540-830-701-471-515-232-486
Free Cash Flow455474283177-212-207-166-247-15.38-311
Cash & Equivalents81.0915161.1317012395.7553.7742.1335.4635.69
Total Debt5,8865,6065,6895,5635,3195,0813,0342,8192,3612,259
Net Cash / Debt-5,805-5,455-5,628-5,393-5,196-4,985-2,980-2,777-2,325-2,223
Assets12,70512,38412,49612,21712,00811,5275,1874,8474,0373,733
Liabilities6,2645,9546,0605,8805,6265,3673,1842,9632,4792,374
Book Value6,2206,2676,2776,1926,2386,0231,8851,7651,4381,150
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Essex Property Trust, Inc.
Country United States
Employees 1,822
CEO Michael J. Schall

Stock Information

Ticker Symbol ESS
Stock Exchange New York Stock Exchange
Sector Real Estate
Industry REIT—Residential
Unique Identifier NYSE: ESS
IPO Date June 6, 1994

Description

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 247 apartment communities comprising approximately 60,000 apartment homes with an additional 7 properties in various stages of active development.