In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Essex Property Trust, Inc (NYSE: ESS) closed the day trading at $270.06 down -1.00% from the previous closing price of $272.79. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 0.51 million shares were traded. ESS stock price reached its highest trading level at $275.75 during the session, while it also had its lowest trading level at $269.575.
Ratios:
For a better understanding of ESS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 224.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.11. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.
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 this company, Barclays on December 17, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $316.
On December 17, 2024, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also upped its target price recommendation from $297 to $303.
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 17985968128 and an Enterprise Value of 23931631616. As of this moment, Essex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.57, and their Forward P/E ratio for the next fiscal year is 46.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.33 while its Price-to-Book (P/B) ratio in mrq is 3.19. Its current Enterprise Value per Revenue stands at 13.656 whereas that against EBITDA is 21.571.
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 $223.06. The 50-Day Moving Average of the stock is -8.47%, while the 200-Day Moving Average is calculated to be -3.47%.
Shares Statistics:
Over the past 3-months, ESS traded about 342.34K shares per day on average, while over the past 10 days, ESS traded about 403100 shares per day. A total of 64.27M shares are outstanding, with a floating share count of 63.77M. Insiders hold about 0.77% of the company’s shares, while institutions hold 97.80% stake in the company. Shares short for ESS as of 1734048000 were 924941 with a Short Ratio of 2.70, compared to 1731628800 on 977726. Therefore, it implies a Short% of Shares Outstanding of 924941 and a Short% of Float of 1.96.
Dividends & Splits
ESS’s forward annual dividend rate is 9.80, up from 9.66 a year ago. Against a Trailing Annual Dividend Yield of 0.035411853The stock’s 5-year Average Dividend Yield is 3.39.
