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Essex Property Trust, Inc (ESS) is a leading reit-residential business with stocks listed in the US. It opened the day at US$307.87 after a previous close of US$308.65. During the day the price has varied from a low of USD300.67 to a high of USD309.91. The latest price was USD301.17 (25 minute delay). Essex Property Trust is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in Essex Property Trust
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Essex Property Trust. Find the share by name or ticker symbol: ESS. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Essex Property Trust reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$305.17, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Essex Property Trust, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Essex Property Trust. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Essex Property Trust key stats
- Compare share trading platforms
- Is Essex Property Trust stock a buy or sell?
- Essex Property Trust performance over time
- Can I short Essex Property Trust shares?
- Is Essex Property Trust suitable for ethical investing?
- Are Essex Property Trust shares over-valued?
- Essex Property Trust's financials
- How volatile are Essex Property Trust shares?
- Does Essex Property Trust pay a dividend?
- Other common questions
Essex Property Trust share priceUse our graph to track the performance of ESS stocks over time.
Essex Property Trust shares at a glance
|52-week range||US$183.2918 - US$316.63|
|50-day moving average||US$295.8309|
|200-day moving average||US$269.456|
|Dividend yield||US$8.322 (2.69%)|
|Earnings per share (TTM)||US$6.4746|
Compare share trading platforms to buy stock
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Is it a good time to buy Essex Property Trust stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Essex Property Trust price performance over time
|1 month (2021-05-21)||4.53%|
|3 months (2021-03-19)||9.38%|
|6 months (2020-12-18)||28.50%|
|1 year (2020-06-19)||28.83%|
|2 years (2019-06-20)||-0.57%|
|3 years (2018-06-20)||28.97%|
|5 years (2016-06-20)||37.75%|
Is Essex Property Trust under- or over-valued?
Valuing Essex Property Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Essex Property Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Essex Property Trust's P/E ratio
Essex Property Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 69x. In other words, Essex Property Trust shares trade at around 69x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Essex Property Trust's PEG ratio
Essex Property Trust's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 8.6328. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Essex Property Trust's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Essex Property Trust's EBITDA
Essex Property Trust's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$978.3 million.
The EBITDA is a measure of a Essex Property Trust's overall financial performance and is widely used to measure a its profitability.
Essex Property Trust financials
|Revenue TTM||US$1.5 billion|
|Operating margin TTM||30.07%|
|Gross profit TTM||US$1.1 billion|
|Return on assets TTM||2.17%|
|Return on equity TTM||689.29%|
|Market capitalisation||US$20.2 billion|
TTM: trailing 12 months
Shorting Essex Property Trust shares
There are currently 781,461 Essex Property Trust shares held short by investors – that's known as Essex Property Trust's "short interest". This figure is 2.8% up from 759,910 last month.
There are a few different ways that this level of interest in shorting Essex Property Trust shares can be evaluated.
Essex Property Trust's "short interest ratio" (SIR)
Essex Property Trust's "short interest ratio" (SIR) is the quantity of Essex Property Trust shares currently shorted divided by the average quantity of Essex Property Trust shares traded daily (recently around 355209.54545455). Essex Property Trust's SIR currently stands at 2.2. In other words for every 100,000 Essex Property Trust shares traded daily on the market, roughly 2200 shares are currently held short.
However Essex Property Trust's short interest can also be evaluated against the total number of Essex Property Trust shares, or, against the total number of tradable Essex Property Trust shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Essex Property Trust's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Essex Property Trust shares in existence, roughly 10 shares are currently held short) or 0.0121% of the tradable shares (for every 100,000 tradable Essex Property Trust shares, roughly 12 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Essex Property Trust.
Find out more about how you can short Essex Property Trust stock.
Essex Property Trust's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Essex Property Trust.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Essex Property Trust's total ESG risk score
Total ESG risk: 18.43
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Essex Property Trust's overall score of 18.43 (as at 12/31/2018) is excellent – landing it in it in the 11st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Essex Property Trust is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Essex Property Trust's environmental score
Environmental score: 7.91/100
Essex Property Trust's environmental score of 7.91 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Essex Property Trust is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Essex Property Trust's social score
Social score: 6.65/100
Essex Property Trust's social score of 6.65 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Essex Property Trust is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Essex Property Trust's governance score
Governance score: 6.87/100
Essex Property Trust's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Essex Property Trust is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Essex Property Trust's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Essex Property Trust scored a 1 out of 5 for controversy – the highest score possible, reflecting that Essex Property Trust has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||18.43|
|Total ESG percentile||11.08|
|Environmental score percentile||4|
|Social score percentile||4|
|Governance score percentile||4|
|Level of controversy||1|
Essex Property Trust share dividends
Dividend payout ratio: 67.22% of net profits
Recently Essex Property Trust has paid out, on average, around 67.22% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.69% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Essex Property Trust shareholders could enjoy a 2.69% return on their shares, in the form of dividend payments. In Essex Property Trust's case, that would currently equate to about $8.322 per share.
Essex Property Trust's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Essex Property Trust's most recent dividend payout was on 14 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 28 June 2021 (the "ex-dividend date").
Essex Property Trust share price volatility
Over the last 12 months, Essex Property Trust's shares have ranged in value from as little as US$183.2918 up to US$316.63. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Essex Property Trust's is 0.7462. This would suggest that Essex Property Trust's shares are less volatile than average (for this exchange).
Essex Property Trust overview
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.
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