Essex Property Trust, Inc. (ESS)
Stock Price:
$219.53 USD
-3.95 (-1.77%)
Updated Aug 11, 2020 4:02 PM EDT - Market closed
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 1,460 | 1,400 | 1,364 | 1,294 | 1,194 | 971 | 611 | 535 | 467 | 410 |
| Revenue Growth | 4.29% | 2.65% | 5.4% | 8.34% | 23.02% | 59.02% | 14.1% | 14.49% | 13.93% | - |
| Gross Profit | 1,030 | 984 | 958 | 905 | 831 | 658 | 413 | 363 | 305 | 264 |
| Operating Income | 481 | 512 | 473 | 421 | 331 | 202 | 189 | 167 | 123 | 106 |
| Net Income | 439 | 390 | 433 | 415 | 232 | 122 | 156 | 125 | 47.07 | 35.93 |
| Shares Outstanding | 65.84 | 66.04 | 65.83 | 65.47 | 64.87 | 56.55 | 37.25 | 35.03 | 32.54 | 29.67 |
| Earnings Per Share | 6.66 | 5.90 | 6.57 | 6.27 | 3.49 | 2.06 | 4.04 | 3.41 | 1.24 | 1.14 |
| EPS Growth | 12.88% | -10.2% | 4.78% | 79.66% | 69.42% | -49.01% | 18.48% | 175% | 8.77% | - |
| Dividend Per Share | 7.80 | 7.44 | 7.00 | 6.40 | 5.76 | 5.11 | 4.84 | 4.40 | 4.16 | 4.13 |
| Dividend Growth | 4.84% | 6.29% | 9.38% | 11.11% | 12.72% | 5.58% | 10% | 5.77% | 0.73% | - |
| Operating Cash Flow | 919 | 827 | 770 | 717 | 618 | 493 | 305 | 267 | 217 | 176 |
| Capital Expenditures | -464 | -353 | -487 | -540 | -830 | -701 | -471 | -515 | -232 | -486 |
| Free Cash Flow | 455 | 474 | 283 | 177 | -212 | -207 | -166 | -247 | -15.38 | -311 |
| Cash & Equivalents | 81.09 | 151 | 61.13 | 170 | 123 | 95.75 | 53.77 | 42.13 | 35.46 | 35.69 |
| Total Debt | 5,886 | 5,606 | 5,689 | 5,563 | 5,319 | 5,081 | 3,034 | 2,819 | 2,361 | 2,259 |
| Net Cash / Debt | -5,805 | -5,455 | -5,628 | -5,393 | -5,196 | -4,985 | -2,980 | -2,777 | -2,325 | -2,223 |
| Assets | 12,705 | 12,384 | 12,496 | 12,217 | 12,008 | 11,527 | 5,187 | 4,847 | 4,037 | 3,733 |
| Liabilities | 6,264 | 5,954 | 6,060 | 5,880 | 5,626 | 5,367 | 3,184 | 2,963 | 2,479 | 2,374 |
| Book Value | 6,220 | 6,267 | 6,277 | 6,192 | 6,238 | 6,023 | 1,885 | 1,765 | 1,438 | 1,150 |
Numbers in millions USD, except per-share numbers.
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.