The company's fundamentals are relatively stable. Its valuation is considered undervalued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Hold. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Score
Industry at a Glance
Industry Ranking
57 / 192
Overall Ranking
116 / 4723
Industry
Residential & Commercial REITs
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
26
analysts
Hold
Current Rating
294.114
Target Price
+10.76%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Company Highlights
StrengthsRisks
Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust. The Company acquires, develops, redevelops, and manages apartment communities in selected residential areas located on the West Coast of the United States. The Company defines its operating segments as the three geographical regions in which its communities are located: Southern California, Northern California, and Seattle Metro. It has ownership interests in approximately 254 apartment communities comprising approximately 62,000 apartment homes. The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. It invests primarily in apartment communities that are located in predominantly coastal markets within Southern California, Northern California, and the Seattle metropolitan area. It focuses on acquiring and developing apartment communities in supply constrained markets and redeveloping its existing communities.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 81.61.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 84.91%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 84.91%.
Undervalued
The company’s latest PE is 21.39, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 65.47M shares, decreasing 1.93% quarter-over-quarter.
Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust. The Company acquires, develops, redevelops, and manages apartment communities in selected residential areas located on the West Coast of the United States. The Company defines its operating segments as the three geographical regions in which its communities are located: Southern California, Northern California, and Seattle Metro. It has ownership interests in approximately 254 apartment communities comprising approximately 62,000 apartment homes. The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. It invests primarily in apartment communities that are located in predominantly coastal markets within Southern California, Northern California, and the Seattle metropolitan area. It focuses on acquiring and developing apartment communities in supply constrained markets and redeveloping its existing communities.