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After finishing at $294.60 in the prior trading day, Essex Property Trust, Inc. (NYSE: ESS) closed at $295.42, up 0.28%. In other words, the price has increased by $0.28 from its previous closing price. On the day, 0.64 million shares were traded. ESS stock price reached its highest trading level at $296.06 during the session, while it also had its lowest trading level at $290.1.
Ratios:
Our goal is to gain a better understanding of ESS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 295.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.74. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.16.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on September 24, 2024, Downgraded its rating to Neutral and sets its target price to $321 from $307 previously.
On September 11, 2024, Exane BNP Paribas started tracking the stock assigning a Outperform rating and target price of $333.
On September 04, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $318.Goldman initiated its Neutral rating on September 04, 2024, with a $318 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 17 ’24 when Johnson Amal M sold 7,298 shares for $316.31 per share. The transaction valued at 2,308,430 led to the insider holds 2,585 shares of the business.
Kleiman Angela L. sold 8,080 shares of ESS for $2,545,982 on Sep 16 ’24. The President and CEO now owns 9,494 shares after completing the transaction at $315.10 per share. On Sep 16 ’24, another insider, Morrison Anne, who serves as the EVP, CAO & General Counsel of the company, sold 2,571 shares for $314.79 each. As a result, the insider received 809,325 and left with 2,321 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ESS now has a Market Capitalization of 19638548480 and an Enterprise Value of 25452347392. As of this moment, Essex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.60, and their Forward P/E ratio for the next fiscal year is 49.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.09 while its Price-to-Book (P/B) ratio in mrq is 3.46. Its current Enterprise Value per Revenue stands at 14.801 whereas that against EBITDA is 23.094.
Stock Price History:
Over the past 52 weeks, ESS has reached a high of $317.73, while it has fallen to a 52-week low of $203.85. The 50-Day Moving Average of the stock is 0.61%, while the 200-Day Moving Average is calculated to be 13.33%.
Shares Statistics:
The stock has traded on average 387.66K shares per day over the past 3-months and 566490 shares per day over the last 10 days, according to various share statistics. A total of 64.20M shares are outstanding, with a floating share count of 63.72M. Insiders hold about 0.77% of the company’s shares, while institutions hold 97.79% stake in the company. Shares short for ESS as of 1726185600 were 683139 with a Short Ratio of 1.76, compared to 1723680000 on 571587. Therefore, it implies a Short% of Shares Outstanding of 683139 and a Short% of Float of 1.45000005.
Dividends & Splits
In the trailing 12 months, ESS’s forward annual dividend rate was 9.52, compared to 9.66 this year. Against a Trailing Annual Dividend Yield of 0.032586The stock’s 5-year Average Dividend Yield is 3.33.
