Essex Property Trust Inc. (ESS)
Essex Property Trust Statistics
Share Statistics
Essex Property Trust has 64.33M shares outstanding. The number of shares has increased by 0.18% in one year.
| Shares Outstanding | 64.33M |
| Shares Change (YoY) | 0.18% |
| Shares Change (QoQ) | 0.09% |
| Owned by Institutions (%) | 94.61% |
| Shares Floating | 63.89M |
| Failed to Deliver (FTD) Shares | 6.25K |
| FTD / Avg. Volume | 1.26% |
Short Selling Information
The latest short interest is 1.31M, so 2.04% of the outstanding shares have been sold short.
| Short Interest | 1.31M |
| Short % of Shares Out | 2.04% |
| Short % of Float | 2.78% |
| Short Ratio (days to cover) | 2.07 |
Valuation Ratios
The PE ratio is 24.72 and the forward PE ratio is 46.7. Essex Property Trust's PEG ratio is 0.3.
| PE Ratio | 24.72 |
| Forward PE | 46.7 |
| PS Ratio | 10.33 |
| Forward PS | 8.7 |
| PB Ratio | 3.31 |
| P/FCF Ratio | 19.67 |
| PEG Ratio | 0.3 |
Enterprise Valuation
Essex Property Trust has an Enterprise Value (EV) of 24.92B.
| EV / Sales | 14.04 |
| EV / EBITDA | 15.32 |
| EV / EBIT | 23.33 |
| EV / FCF | 26.74 |
Financial Position
The company has a current ratio of 0.66, with a Debt / Equity ratio of 1.2.
| Current Ratio | 0.66 |
| Quick Ratio | 0.66 |
| Debt / Equity | 1.2 |
| Debt / EBITDA | 4.09 |
| Debt / FCF | 7.14 |
| Interest Coverage | 2.99 |
Financial Efficiency
Return on Equity is 13.39% and Return on Invested Capital is -65.21%.
| Return on Equity | 13.39% |
| Return on Assets | 5.74% |
| Return on Invested Capital | -65.21% |
| Revenue Per Employee | $1.04M |
| Profits Per Employee | $433.13K |
| Employee Count | 1,712 |
| Asset Turnover | 0.14 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -881.09M |
| Effective Tax Rate | 1262.6% |
Stock Price Statistics
The stock price has increased by 13.88% in the last 52 weeks. The beta is 0.8, so Essex Property Trust's price volatility has been higher than the market average.
| Beta | 0.8 |
| 52-Week Price Change | 13.88% |
| 50-Day Moving Average | 290.44 |
| 200-Day Moving Average | 291.71 |
| Relative Strength Index (RSI) | 53.41 |
| Average Volume (20 Days) | 494.69K |
Income Statement
In the last 12 months, Essex Property Trust had revenue of 1.77B and earned 741.52M in profits. Earnings per share was 11.55.
| Revenue | 1.77B |
| Gross Profit | 1.21B |
| Operating Income | 703.1M |
| Net Income | 741.52M |
| EBITDA | 1.63B |
| EBIT | 1.05B |
| Earnings Per Share (EPS) | 11.55 |
Balance Sheet
The company has 66.8M in cash and 6.65B in debt, giving a net cash position of -6.59B.
| Cash & Cash Equivalents | 66.8M |
| Total Debt | 6.65B |
| Net Cash | -6.59B |
| Retained Earnings | -1.16B |
| Total Assets | 12.93B |
| Working Capital | -178.14M |
Cash Flow
In the last 12 months, operating cash flow was 1.07B and capital expenditures -136.4M, giving a free cash flow of 931.91M.
| Operating Cash Flow | 1.07B |
| Capital Expenditures | -136.4M |
| Free Cash Flow | 931.91M |
| FCF Per Share | 14.51 |
Margins
Gross margin is 68%, with operating and profit margins of 39.62% and 41.79%.
| Gross Margin | 68% |
| Operating Margin | 39.62% |
| Pretax Margin | -3.93% |
| Profit Margin | 41.79% |
| EBITDA Margin | 91.69% |
| EBIT Margin | 39.62% |
| FCF Margin | 52.52% |
Dividends & Yields
ESS pays an annual dividend of $9.92, which amounts to a dividend yield of 3.24%.
| Dividend Per Share | $9.92 |
| Dividend Yield | 3.24% |
| Dividend Growth (YoY) | 6.06% |
| Payout Ratio | 86.04% |
| Earnings Yield | 4.04% |
| FCF Yield | 5.08% |
Analyst Forecast
The average price target for ESS is $304.5, which is 7% higher than the current price. The consensus rating is "Hold".
| Price Target | $304.5 |
| Price Target Difference | 7% |
| Analyst Consensus | Hold |
| Analyst Count | 19 |
Scores
| Altman Z-Score | 1.66 |
| Piotroski F-Score | 5 |