Home  »  Industry   »  The Futility of Essex Property Trust Inc. (NYSE:ES...

The Futility of Essex Property Trust Inc. (NYSE:ESS)’s Fundamentals

Essex Property Trust Inc. (NYSE:ESS) Relative Strength Index (RSI) is 54.36, with weekly volatility at 1.19% and ATR at 5.12. The ESS stock’s 52-week price range has touched low of $186.30 and a $300.73 high. Intraday shares traded counted 0.5 million, which was -27.44% lower than its 30-day average trading volume of 394.40K. Its shares traded lower over the last trading session, losing -0.53% on 05/27/21. The shares fell to a low of $291.48 before closing at $291.50. ESS’s previous close was $293.04 while the outstanding shares total 64.99M. The firm has a beta of 0.75, a 12-month trailing P/E ratio of 45.02, and a growth ratio of 5.70.

Investors have identified the REIT – Residential company Essex Property Trust Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $18.97 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Essex Property Trust Inc. (ESS) Fundamentals that are to be considered.

ESS were able to record 148.44 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 29.32 million. In cash movements, the company had a total of 195.27 million as operating cash flow.

Potential earnings growth for Essex Property Trust Inc. (ESS)

In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Essex Property Trust Inc. recorded a total of 355.13 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -10.49% coming in sequential stages and their sales for the 07/29/2021 quarter reducing by -1.96%.

What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 157.74 million trying to sell their products during the last quarter, with the result yielding a gross income of 197.38 million. This allows shareholders to hold on to 64.99M with the recently reported earning now reading 2.59 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (3.07 cents a share).

Having a look at the company’s valuation, the company is expected to record 13.07 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ESS sounds very interesting.

Is the stock of ESS attractive?

In related news, Director, ROBINSON THOMAS E sold 2,838 shares of the company’s stock in a transaction that recorded on May 12. The sale was performed at an average price of 280.32, for a total value of 795,548. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.

8 out of 20 analysts covering the stock have rated it a Buy, while 11 have maintained a Hold recommendation on Essex Property Trust Inc.. 1 analysts has assigned a Sell rating on the ESS stock. The 12-month mean consensus price target for the company’s shares has been set at $294.83.

Leave a Comment

Your email address will not be published. Required fields are marked *