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In the latest session, Essex Property Trust, Inc. (NYSE: ESS) closed at $300.23 down -3.04% from its previous closing price of $309.65. In other words, the price has decreased by -$3.04 from its previous closing price. On the day, 0.71 million shares were traded. ESS stock price reached its highest trading level at $305.45 during the session, while it also had its lowest trading level at $300.02.
Ratios:
For a deeper understanding of Essex Property Trust, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 300.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.08. 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 Sep-25-24, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 19958300672 and an Enterprise Value of 25761234944. As of this moment, Essex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.19, and their Forward P/E ratio for the next fiscal year is 50.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.27 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 14.98 whereas that against EBITDA is 23.374.
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 2.69%, while the 200-Day Moving Average is calculated to be 15.81%.
Shares Statistics:
For the past three months, ESS has traded an average of 373.40K shares per day and 491370 over the past ten days. 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 97.81% stake in the company. Shares short for ESS as of 1724976000 were 581690 with a Short Ratio of 1.56, compared to 1722384000 on 693527. Therefore, it implies a Short% of Shares Outstanding of 581690 and a Short% of Float of 1.24.
Dividends & Splits
According to the company, the forward annual dividend rate for ESS is 9.52, from 9.52 in the trailing year. Against a Trailing Annual Dividend Yield of 0.03074439The stock’s 5-year Average Dividend Yield is 3.33.
