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After finishing at $294.02 in the prior trading day, Essex Property Trust, Inc (NYSE: ESS) closed at $283.86, down -3.46%. In other words, the price has decreased by -$3.46 from its previous closing price. On the day, 0.59 million shares were traded. ESS stock price reached its highest trading level at $291.42 during the session, while it also had its lowest trading level at $283.705.
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 235.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.63. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.
On September 24, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $307 to $321.
On September 11, 2024, Exane BNP Paribas started tracking the stock assigning a Outperform rating and target price of $333.Exane BNP Paribas initiated its Outperform rating on September 11, 2024, with a $333 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 19581429760 and an Enterprise Value of 24810510336. As of this moment, Essex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.19, and their Forward P/E ratio for the next fiscal year is 47.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.83 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 14.128 whereas that against EBITDA is 22.187.
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 $204.64. The 50-Day Moving Average of the stock is -4.75%, while the 200-Day Moving Average is calculated to be 6.56%.
Shares Statistics:
The stock has traded on average 389.35K shares per day over the past 3-months and 339310 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 98.06% stake in the company. Shares short for ESS as of 1728950400 were 1039551 with a Short Ratio of 2.67, compared to 1726185600 on 683139. Therefore, it implies a Short% of Shares Outstanding of 1039551 and a Short% of Float of 2.21.
Dividends & Splits
In the trailing 12 months, ESS’s forward annual dividend rate was 9.66, compared to 9.66 this year. Against a Trailing Annual Dividend Yield of 0.032854907The stock’s 5-year Average Dividend Yield is 3.36.
