Is Essex Property Stock a Good Investment?
Essex Property Investment Advice | ESS |
- Examine Essex Property's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Essex Property's leadership team and their track record. Good management can help Essex Property navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Multi-Family Residential REITs space and any emerging trends that could impact Essex Property's business and its evolving consumer preferences.
- Compare Essex Property's performance and market position to its competitors. Analyze how Essex Property is positioned in terms of product offerings, innovation, and market share.
- Check if Essex Property pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Essex Property's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Essex Property Trust stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Essex Property Trust is a good investment.
Sell | Buy |
Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Essex Property Stock
Researching Essex Property's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 98.0% of the company shares are held by institutions such as insurance companies. The book value of Essex Property was currently reported as 85.37. The company recorded earning per share (EPS) of 8.08. Essex Property Trust last dividend was issued on the 30th of September 2024.
To determine if Essex Property is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Essex Property's research are outlined below:
| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from patch.com: PEC Run With Me 5K To Return In Bernards Township |
Essex Property uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Essex Property Trust. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Essex Property's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Essex Property's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Essex Property's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2006-02-08 | 2005-12-31 | 0.18 | 0.2 | 0.02 | 11 | ||
2012-02-01 | 2011-12-31 | 0.38 | 0.42 | 0.04 | 10 | ||
2015-10-29 | 2015-09-30 | 0.59 | 0.65 | 0.06 | 10 | ||
2010-02-04 | 2009-12-31 | 0.18 | 0.24 | 0.06 | 33 | ||
2003-10-29 | 2003-09-30 | 0.5 | 0.43 | -0.07 | 14 | ||
2012-08-01 | 2012-06-30 | 0.4 | 0.48 | 0.08 | 20 | ||
2011-05-05 | 2011-03-31 | 0.35 | 0.27 | -0.08 | 22 | ||
2006-05-03 | 2006-03-31 | 0.35 | 0.43 | 0.08 | 22 |
Know Essex Property's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Essex Property is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Essex Property Trust backward and forwards among themselves. Essex Property's institutional investor refers to the entity that pools money to purchase Essex Property's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Daiwa Securities Group Inc | 2024-06-30 | 1 M | Fmr Inc | 2024-06-30 | 960.3 K | Dimensional Fund Advisors, Inc. | 2024-06-30 | 941.5 K | Jpmorgan Chase & Co | 2024-06-30 | 933.4 K | Ameriprise Financial Inc | 2024-06-30 | 780.2 K | Proshare Advisors Llc | 2024-06-30 | 741.1 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 735.3 K | Boston Partners Global Investors, Inc | 2024-06-30 | 734.8 K | Northern Trust Corp | 2024-06-30 | 729.9 K | Vanguard Group Inc | 2024-06-30 | 10.2 M | Blackrock Inc | 2024-06-30 | 6.5 M |
Essex Property's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 20.36 B.Market Cap |
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Essex Property's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.02 | |
| Return On Capital Employed | 0.04 | 0.06 | |
| Return On Assets | 0.03 | 0.02 | |
| Return On Equity | 0.07 | 0.08 |
Determining Essex Property's profitability involves analyzing its financial statements and using various financial metrics to determine if Essex Property is a good buy. For example, gross profit margin measures Essex Property's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Essex Property's profitability and make more informed investment decisions.
Essex Property's Earnings Breakdown by Geography
Please note, the imprecision that can be found in Essex Property's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Essex Property Trust. Check Essex Property's Beneish M Score to see the likelihood of Essex Property's management manipulating its earnings.
Evaluate Essex Property's management efficiency
Essex Property Trust has Return on Asset of 0.0273 % which means that on every $100 spent on assets, it made $0.0273 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0954 %, implying that it generated $0.0954 on every 100 dollars invested. Essex Property's management efficiency ratios could be used to measure how well Essex Property manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Essex Property's Return On Capital Employed is comparatively stable compared to the past year. Return On Equity is likely to gain to 0.08 in 2024, whereas Return On Tangible Assets are likely to drop 0.02 in 2024. At this time, Essex Property's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 12.3 B in 2024, whereas Net Tangible Assets are likely to drop slightly above 5.5 B in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 87.56 | 46.00 | |
| Tangible Book Value Per Share | 87.47 | 45.96 | |
| Enterprise Value Over EBITDA | 20.11 | 13.94 | |
| Price Book Value Ratio | 2.94 | 1.91 | |
| Enterprise Value Multiple | 20.11 | 13.94 | |
| Price Fair Value | 2.94 | 1.91 | |
| Enterprise Value | 21.8 B | 22.9 B |
The analysis of Essex Property's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Essex Property's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Essex Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.032 | Forward Dividend Yield 0.032 | Forward Dividend Rate 9.8 | Beta 0.895 |
Basic technical analysis of Essex Stock
As of the 23rd of September, Essex Property shows the Downside Deviation of 1.32, mean deviation of 0.8585, and Coefficient Of Variation of 878.93. Essex Property Trust technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Essex Property Trust variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Essex Property Trust is priced favorably, providing market reflects its regular price of 306.21 per share. Given that Essex Property has jensen alpha of 0.06, we urge you to verify Essex Property Trust's prevailing market performance to make sure the company can sustain itself at a future point.Essex Property's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Essex Property insiders, such as employees or executives, is commonly permitted as long as it does not rely on Essex Property's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Essex Property insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Maria Hawthorne over three months ago Acquisition by Maria Hawthorne of 6130 shares of Essex Property subject to Rule 16b-3 | ||
Craig Zimmerman over a year ago Acquisition by Craig Zimmerman of 803 shares of Essex Property subject to Rule 16b-3 | ||
Thomas Sullivan over a year ago Sale by Thomas Sullivan of 2500 shares of Essex Property |
Essex Property's Outstanding Corporate Bonds
Essex Property issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Essex Property Trust uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Essex bonds can be classified according to their maturity, which is the date when Essex Property Trust has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| US29717PAV94 Corp BondUS29717PAV94 | View | |
| US29717PAW77 Corp BondUS29717PAW77 | View | |
| US29717PAX50 Corp BondUS29717PAX50 | View | |
| US29717PAY34 Corp BondUS29717PAY34 | View | |
| ESS 255 15 JUN 31 Corp BondUS29717PAZ09 | View | |
| ESSEX PORTFOLIO L Corp BondUS29717PAP27 | View | |
| ESSEX PORTFOLIO L Corp BondUS29717PAR82 | View | |
| ESSEX PORTFOLIO L Corp BondUS29717PAS65 | View |
Understand Essex Property's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Essex Property's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0951 | |||
| Market Risk Adjusted Performance | 0.2364 | |||
| Mean Deviation | 0.8585 | |||
| Semi Deviation | 1.09 | |||
| Downside Deviation | 1.32 | |||
| Coefficient Of Variation | 878.93 | |||
| Standard Deviation | 1.15 | |||
| Variance | 1.33 | |||
| Information Ratio | 0.006 | |||
| Jensen Alpha | 0.06 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.2264 | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.98 | |||
| Downside Variance | 1.73 | |||
| Semi Variance | 1.18 | |||
| Expected Short fall | (0.80) | |||
| Skewness | (0.1) | |||
| Kurtosis | 0.6074 |
| Risk Adjusted Performance | 0.0951 | |||
| Market Risk Adjusted Performance | 0.2364 | |||
| Mean Deviation | 0.8585 | |||
| Semi Deviation | 1.09 | |||
| Downside Deviation | 1.32 | |||
| Coefficient Of Variation | 878.93 | |||
| Standard Deviation | 1.15 | |||
| Variance | 1.33 | |||
| Information Ratio | 0.006 | |||
| Jensen Alpha | 0.06 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.2264 | |||
| Maximum Drawdown | 5.84 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.98 | |||
| Downside Variance | 1.73 | |||
| Semi Variance | 1.18 | |||
| Expected Short fall | (0.80) | |||
| Skewness | (0.1) | |||
| Kurtosis | 0.6074 |
Consider Essex Property's intraday indicators
Essex Property intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Essex Property stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Essex Property Corporate Filings
F4 | 19th of September 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 12th of September 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 6th of September 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 20th of August 2024 Prospectus used primarily for registering securities for public sale. | ViewVerify |
Essex Stock media impact
Far too much social signal, news, headlines, and media speculation about Essex Property that are available to investors today. That information is available publicly through Essex media outlets and privately through word of mouth or via Essex internal channels. However, regardless of the origin, that massive amount of Essex data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Essex Property news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Essex Property relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Essex Property's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Essex Property alpha.
Essex Property Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Essex Property can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Essex Property Trust Historical Investor Sentiment
Investor biases related to Essex Property's public news can be used to forecast risks associated with an investment in Essex. The trend in average sentiment can be used to explain how an investor holding Essex can time the market purely based on public headlines and social activities around Essex Property Trust. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Essex Property's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Essex Property and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Essex Property news discussions. The higher the estimate score, the more favorable the investor's outlook on Essex Property.
Essex Property Maximum Pain Price across 2024-10-18 Option Contracts
Essex Property's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Essex Property close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Essex Property's options.
Essex Property Corporate Directors
| Byron Scordelis | Independent Director | Profile | |
| Amal Johnson | Independent Director | Profile | |
| Irving Lyons | Lead Independent Director | Profile | |
| Thomas Robinson | Independent Director | Profile |
Additional Tools for Essex Stock Analysis
When running Essex Property's price analysis, check to measure Essex Property's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Essex Property is operating at the current time. Most of Essex Property's value examination focuses on studying past and present price action to predict the probability of Essex Property's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Essex Property's price. Additionally, you may evaluate how the addition of Essex Property to your portfolios can decrease your overall portfolio volatility.