ESSEX PROPERTY TRUST Falls Wednesday Despite Making Gains
January 17, 2023
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Essex Property Trust ($NYSE:ESS) is a publicly traded real estate investment trust (REIT) that owns and operates multifamily apartments in the United States. It is headquartered in San Mateo, California, and is one of the largest owners and operators of multifamily residential properties in the country. Despite making daily gains, Essex Property Trust fell Wednesday in comparison to its competitors. In addition to owning and operating multifamily properties, Essex Property Trust also provides asset management, development, and construction services. The company’s stock fell more than 1% despite having made daily gains in the past few days.
Analysts believe that the reasons behind Wednesday’s fall could be due to investors cashing out of the stock after its recent gains. Essex Property Trust has been performing well over the past few years and its portfolio has grown significantly. It remains to be seen if the company’s stock will continue to make daily gains or if it will experience more sudden drops.
Stock Price
On Wednesday, ESSEX PROPERTY TRUST, a real estate investment trust based in the United States, made gains despite a turbulent market. The stock opened at $215.1 and closed at $222.5, up 3.9% from its prior closing price of $214.1. This was a positive sign for the company, which has seen mostly positive news since the beginning of the year. This indicates that investors remain confident in the company’s prospects. The gains on Wednesday are an indication that ESSEX PROPERTY TRUST has weathered the current market volatility relatively well.
The company has been focused on expanding its portfolio of multifamily properties, as well as investing in new developments in order to capitalize on the strong demand for rental housing in certain markets. This strategy appears to be paying off, as the company’s stock has continued to make gains in spite of global economic uncertainty. With its focus on expanding its portfolio and investing in new developments, the company appears to be well-positioned to take advantage of the current market conditions and continue to make gains in the future. 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 |
| 1.56k | 360.02 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ESS. More…
| Operations | Investing | Financing |
| 986.73 | -397.4 | -533.26 |
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 |
| 12.62k | 6.71k | 88.08 |
Key Ratios Snapshot
Some of the financial key ratios for ESS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 30.0% |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
Investors seeking a company with a strong track record of paying out consistent and sustainable dividends may find ESSEX PROPERTY TRUST to be an attractive option. According to the VI Star Chart, the company has an intermediate health score of 4/10, suggesting that it is able to safely ride out any crisis without the risk of bankruptcy. ESSEX PROPERTY TRUST is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This type of company typically has strong fundamentals that reflect its long-term potential. In terms of financial health, ESSEX PROPERTY TRUST is strong in dividend, profitability, and medium in asset, growth. The company’s cashflows and debt have been analyzed to determine the health score. Investors can also use the app to compare the performance of ESSEX PROPERTY TRUST to its industry peers. With this information, investors can make an informed decision when it comes to investing in the company. Overall, ESSEX PROPERTY TRUST is a company with a solid track record of paying out consistent and sustainable dividends. Its fundamentals reflect its long-term potential, making it a good choice for investors looking for a safe and reliable investment option. With the help of the VI app, investors can easily analyze the company’s financial health and performance relative to its industry peers. More…
VI 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
Investing in ESSEX PROPERTY TRUST has been mostly positive till now. The stock price has been seeing a steady rise, with Wednesday being no exception. Despite making gains, the stock still fell on Wednesday, making it a day of mixed results.
Investors should monitor the stock closely to take advantage of any potential opportunities that may arise. Overall, ESSEX PROPERTY TRUST is an attractive option for potential investors looking for a reliable and promising stock to invest in.
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