Currently, there are 64.28M common shares owned by the public and among those 63.76M shares have been available to trade.
The company’s stock has a 5-day price change of -1.29% and -4.14% over the past three months. ESS shares are trading 1.03% year to date (YTD), with the 12-month market performance up to 27.83% higher. It has a 12-month low price of $225.09 and touched a high of $317.73 over the same period. ESS has an average intraday trading volume of 401.11K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.80%, 0.41%, and 1.00% respectively.
Institutional ownership of Essex Property Trust, Inc (NYSE: ESS) shares accounts for 95.95% of the company’s 64.28M shares outstanding.
It has a market capitalization of $18.53B and a beta (3y monthly) value of 0.94. The stock’s trailing 12-month PE ratio is 25.00, while the earnings-per-share (ttm) stands at $11.54. The company has a debt-to-equity ratio at 1.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.87% over the week and 2.13% over the month.
Earnings per share for the fiscal year are expected to decrease by -50.13%, and 7.57% over the next financial year.
Looking at the support for the ESS, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 21, 2025, with the firm’s price target at $308-$310. BMO Capital Markets coverage for the Essex Property Trust, Inc (ESS) stock in a research note released on January 13, 2025 offered a Outperform rating with a price target of $310. Barclays was of a view on December 17, 2024 that the stock is Equal Weight, while JP Morgan gave the stock Underweight rating on December 17, 2024, issuing a price target of $297- $303. Raymond James on their part issued Mkt Perform rating on October 21, 2024.
