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Essex Property Trust Inc
(NYSE: ESS)
US Markets Closed
AdChoices
189.65
+2.94
+1.57%
After Hours :
189.65
0.00
0.00%

Open

186.74

Previous Close

186.71

Volume (Avg)

289.93k (325.93k)

Day's Range

186.28-189.84

52Wk Range

137.53-196.08

Market Cap.

11.85B

Dividend Rate (Yield )

5.20 (2.69%)

Beta

0.86

Shares Outstanding

63.49M

P/E Ratio (EPS)

84.03 (2.92)

AdChoices
Fundamentals
  • Key statistics
  • Growth
  • Profitability
  • Financial health
  • Price ratios
  • Trading statistics
  • Management effectiveness
Industry REIT – Residential
Highlights
Analyst Recommendation: Outperform
    • Revenue

    • 613.70M

    • Net Income

    • 156.28M

    • Market Cap.

    • 11.85B

    • Enterprise Value

    • 16.87B

    • Net Profit Margin %

    • 17.33

    • PEG (Price/Earnings Growth) Ratio

    • 4.54

    • Beta

    • 0.86

    • Forward P/E

    • 46.08

    • Price/Sales

    • 11.10

    • Price/Book Value

    • 2.05

    • Price/Cash flow

    • 24.57

      • EBITDA

      • 451.22M

      • Return on Capital %

      • 1.55

      • Return on Equity %

      • 3.37

      • Return on Assets %

      • 1.55

      • Book Value/Share

      • 91.12

      • Shares Outstanding

      • 63.49M

      • Last Split Factor (Date)

      • -

      • Last Dividend (Ex-Date)

      • 1.30 (9/26/2014)

      • Dividend Declaration Date

      • 9/10/2014

      Analyst Recommendation
      10/17/2014
      Outperform
        • 1 Year Price Target

        • 191.67

        • Credit Rating

        • -

        • Analysts

        • 3

        • EPS Estimate

        • -

        • Cashflow Estimate

        • 8.62

        Morningstar Consensus estimate data
        • Growth Rate (%)

        • Company

        • Industry

          • Sales (Revenue)

            Q/Q (last year)

          • 72.00

          • -25.02

          • Net Income

            YTD/YTD (last year)

          • 8.60

          • -50.16

          • Net Income

            Q/Q (last year)

          • -75.50

          • -56.34

          • Sales (Revenue)

            5-Year Annual Average

          • 8.25

          • 4.44

          • Net Income

            5-Year Annual Average

          • 14.50

          • 7.77

          • Dividends

            5-Year Annual Average

          • 3.48

          • 42.01

          • Profit Margins (%)

          • Company

          • Industry

            • Gross Margin

            • 67.85

            • 65.68

            • Pre-Tax Margin

            • 15.98

            • 7.55

            • Net Profit Margin

            • 17.33

            • 20.47

            • Average Gross Margin

              5-Year Annual Average

            • 66.70

            • 60.83

            • Average Pre-Tax Margin

              5-Year Annual Average

            • -

            • 3.49

            • Average Net Profit Margin

              5-Year Annual Average

            • 16.60

            • 32.97B

            • Financial Ratios

            • Company

            • Industry

              • Debt/Equity Ratio

              • 0.86

              • 0.69

              • Current Ratio

              • 0.79

              • 1.33

              • Quick Ratio

              • 0.60

              • 1.12

              • Interest Coverage

              • 1.99

              • 1.58

              • Leverage Ratio

              • 1.96

              • 2.81

              • Book Value/Share

              • 91.12

              • 18.43

              • Price Ratios

              • Company

              • Industry

                • Current P/E Ratio

                • 84.03

                • 769.23

                • P/E Ratio 5-Year High

                • 87.98

                • 730.25

                • P/E Ratio 5-Year Low

                • 33.09

                • 163.34

                • Price/Sales Ratio

                • 11.15

                • 8.83

                • Price/Book Value

                • 2.06

                • 1.74

                • Price/Cash Flow Ratio

                • 24.57

                • 13.09

                • Key Metrics

                • Company

                  • Shares Short

                    as of 9/30/2014

                  • 1.29M

                  • Short Ratio

                    as of 9/30/2014

                  • 3.48

                  • Short % of Float

                    as of 9/30/2014

                  • 2.46

                  • Shares Short

                    prior month

                  • 1.29M

                  • Trailing Annual Dividend Yield

                  • -

                  • 5 Year Average Dividend Yield

                  • 0.03

                  • Key Metrics

                  • Company

                    • Payout Ratio

                    • 221.21

                    • Dividend Date

                    • 9/10/2014

                    • Ex-Dividend Date

                    • 9/26/2014

                    • Last Split Factor

                      new per old

                    • -

                    • Last Split Date

                    • -

                    • Key Metrics

                    • Company

                    • Industry

                      • Return on Equity %

                        (5-Year Average)

                      • 3.37

                        (6.30)

                      • 4.04

                        (9.37)

                      • Return on Assets %

                        (5-Year Average)

                      • 1.55

                        (2.10)

                      • 1.33

                        (2.54)

                      • Return on Capital %

                        (5-Year Average)

                      • 3.15

                        (4.90)

                      • 2.25

                        (4.15)

                      • Income/Employee

                      • 113.37k

                      • 65.58k

                      • Inventory Turnover

                      • -

                      • 74.21

                      • Asset Turnover

                      • 0.09

                      • 0.06

                      Current Historical
                      Financials
                      • Income Statement
                      • Balance Sheet
                      • Cash Flow
                      Operating Income
                      188.70M
                      Operating Margin
                      30.75
                      Total Equity
                      -
                      Retained Earnings
                      -
                      Free Cashflow
                      -
                      Price/Cashflow
                      24.57
                      Ownership

                      Institutional Ownership

                      -

                      Top 10 Institutions

                      50.87%

                      Mutual Fund Ownership

                      60.00%

                      Float

                      84.30%

                      5% / Insider Ownership

                      0.73%

                      Corporate insiders or major stockholders reporting trading activity in the stock.

                      Top Mutual Fund Owners

                      Top Institutional Owners

                      Mutual Fund Name

                      Institution Name

                      • Mutual Fund Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • Vanguard REIT Index Fund

                      •  

                        4,582,491

                      • -0.60

                      • 7.22

                      • Shinko US-REIT Open

                      •  

                        1,389,200

                      • 11.49

                      • 3.70

                      • T. Rowe Price Real Estate Fund

                      •  

                        1,139,742

                      • 64.16

                      • 1.83

                      • Vanguard Mid-Cap Index Fund

                      •  

                        1,086,170

                      • 2.67

                      • 1.71

                      • Vanguard Total Stock Mkt Idx

                      •  

                        1,027,631

                      • 1.41

                      • 1.62

                      • DFA Real Estate Securities Portfolio

                      •  

                        669,858

                      • 1.52

                      • 1.08

                      • Vanguard Five Hundred Index Fund

                      •  

                        659,144

                      • 1.79

                      • 1.04

                      • Vanguard Institutional Index Fund

                      •  

                        643,058

                      • 0.50

                      • 1.01

                      • SPDR® S&P 500 ETF

                      •  

                        622,096

                      • -1.12

                      • 1.02

                      • Fidelity® Real Estate Investment Port

                      •  

                        572,500

                      • 1.51

                      • 0.90

                      • Institution Name

                      • Shares Held

                      • % Change

                      • % Outstanding

                      • Vanguard Group, Inc.

                      •  

                        9,077,822

                      • +84.66%

                      • 14.57

                      • Invesco Advisers, Inc

                      •  

                        3,774,387

                      • +18.23%

                      • 6.06

                      • Fidelity Management and Research Company

                      •  

                        3,359,206

                      • +18.82%

                      • 5.39

                      • BlackRock Fund Advisors

                      •  

                        2,890,520

                      • +68.70%

                      • 4.64

                      • State Street Corp

                      •  

                        2,741,884

                      • +145.80%

                      • 4.40

                      • CBRE Clarion Securities, LLC

                      •  

                        2,590,577

                      • +168.81%

                      • 4.16

                      • Shinko Asset Management Co., Ltd.

                      •  

                        2,117,046

                      • +54.50%

                      • 3.40

                      • Daiwa Securities Co., Ltd.

                      •  

                        1,810,564

                      • +207.64%

                      • 2.91

                      • T. Rowe Price Associates, Inc.

                      •  

                        1,680,161

                      • +58.47%

                      • 2.70

                      • Cohen & Steers Inc

                      •  

                        1,647,545

                      • +48.79%

                      • 2.64

                      Company Profile

                      Sector

                      Real Estate

                      Industry

                      REIT – Residential

                      Type

                      Hard Assets

                      Style

                      Mid Growth

                      Essex Property Trust Inc is a Maryland corporation founded in 1971. The Company completed an initial public offering on June 13, 1994. It operates as a self-administered and self-managed real estate investment trust (REIT). The Compa...moreny is engaged in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities. As of December 31, 2013, the Company owned or held an interest in 164 communities, aggregating 34,079 units, located along the West Coast, as well as four commercial buildings, and eleven active development projects with 2,501 units in various stages of development.The Company defines its reportable operating segments as the three geographical regions in which its communities are located: Southern California, Northern California and Se...moreattle Metro. The Company faces competition from other real estate investment trusts, businesses and other entities in the acquisition, development and operation of apartment communities. The Company is subject to various other lawsuits in the normal course of its business operations.lessless

                      Key People

                      Michael J. Schall

                      CEO/Director/President

                      George M. Marcus

                      Chairman of the Board/Director

                      Keith R. Guericke

                      Director/Vice Chairman of the Board

                      Michael T. Dance

                      CFO/Chief Accounting Officer/Executive VP

                      Craig K. Zimmerman

                      Executive VP, Divisional

                      • Essex Property Trust Inc

                      • 925 East Meadow Drive

                      • Palo Alto, CA 94303

                      • USA.Map

                      • Phone: +1 650 494-3700

                      • Fax: +1 650 494-8743

                      • essexpropertytrust.com

                      Incorporated

                      1971

                      Employees

                      1,173

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