ESS Intrinsic Value Calculator – Essex Property Trust Stock Soars Above Market on Strong Trading Day
December 24, 2023
☀️Trending News
Essex Property Trust ($NYSE:ESS) Inc. (ESSEX) had a remarkable day on the stock market, with its shares soaring far above the average market performance. The strong trading day was evidence of the trust’s solid financial performance and long-term growth potential. ESSEX’s strong financial performance has been driven by its focus on West Coast markets and its ability to capitalize on local job growth trends. This has enabled the trust to grow its funds from operations (FFO) per share over time and remain competitive in today’s dynamic real estate market.
Given its strong financial performance and long-term growth potential, it is no surprise that ESSEX’s stock enjoyed a successful trading day above the market average. The trust looks well-positioned to continue to capitalize on favorable industry trends and drive shareholder value in the years to come.
Market Price
On Friday, Essex Property Trust Inc. (ESSEX) stock soared above the market, opening at $243.4 and closing at $244.4, up by 0.9% from its previous closing price of $242.1. These strong results drove strong investor sentiment on Friday, pushing ESSEX’s stock price higher despite the overall market being down on the day. Going forward, investors will be closely watching if ESSEX can maintain this momentum and continue to outperform the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ESS. More…
| Total Revenues | Net Income | Net Margin |
| 1.66k | 525.6 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ESS. More…
| Operations | Investing | Financing |
| 943.3 | 112.92 | -709.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ESS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.5k | 6.76k | 86.18 |
Key Ratios Snapshot
Some of the financial key ratios for ESS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 31.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – ESS Intrinsic Value Calculator
At GoodWhale, we have conducted a thorough analysis of the fundamentals of ESSEX PROPERTY TRUST. Our proprietary Valuation Line has revealed that the fair value of the ESSEX PROPERTY TRUST share is around $207.8. However, the current stock price stands at $244.4, which is overvalued by 17.6%. This means that there is an opportunity for investors to buy the stock at a discount. We recommend that investors take advantage of this opportunity and purchase ESSEX PROPERTY TRUST shares before the stock price rises again. With our Valuation Line, investors can be sure that they are making a sound investment decision based on accurate data and analysis. More…
Peers
It is one of the largest publicly traded REITs and is a member of the S&P 500. Its competitors include Apartment Income REIT Corp, Equity Residential, and NexPoint Residential Trust Inc, all of which are publicly traded real estate investment trusts that have a wide portfolio of multifamily properties in the United States.
– Apartment Income REIT Corp ($NYSE:AIRC)
Apartment Income REIT Corp (AIRC) is a real estate investment trust that specializes in acquiring, owning, and operating multifamily apartment communities. As of 2022, AIRC has a market capitalization of 5.53 billion dollars, making it one of the largest apartment-focused REITs in the country. AIRC owns a portfolio of over 20,000 apartment units located in 8 states across the United States. The company’s primary focus is to acquire, renovate, and manage multifamily apartment communities while providing shareholders with a reliable and steadily increasing income stream.
– Equity Residential ($NYSE:EQR)
Equity Residential is a publicly-traded real estate investment trust (REIT) that owns and operates apartment communities across the United States. As of 2022, the company has a market cap of 23.71 billion dollars. Equity Residential focuses on acquiring, developing, and operating high-quality apartment properties in major urban markets in the United States. It has a portfolio of over 80,000 apartment units located in over 400 properties across the United States. Equity Residential is one of the largest REITs in the country and has a strong presence in many of the top markets in the United States.
– NexPoint Residential Trust Inc ($NYSE:NXRT)
NexPoint Residential Trust Inc is a publicly traded real estate investment trust (REIT) that invests in multifamily properties. As of 2022, the company has a market cap of 1.19 billion, making it one of the larger REITs in the sector. The trust primarily focuses on acquiring, owning, and operating multifamily properties in growth markets throughout the United States. The company’s portfolio consists of over 11,000 apartment units located in Texas, Florida, and Georgia. The trust also invests in other residential real estate related assets, such as single-family homes, and operates a property management platform. NexPoint Residential Trust is managed by NexPoint Advisors, LLC, an affiliate of Highland Capital Management, L.P.
Summary
Essex Property Trust Inc. (ESSEX) has seen strong trading performance, outperforming the broader markets today. Analysts attribute this to the company’s strong fundamentals and attractive dividend yield. Additionally, the company has a healthy balance sheet and low debt-to-equity ratio. Overall, ESSEX is a valuable investment opportunity for investors seeking positive returns in a volatile market.
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