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Essex Property Trust Inc. (NYSE: ESS) – Is this large market cap stock undervalued?

Essex Property Trust Inc. (NYSE: ESS), is firmly in the large market cap category with market cap of 14893.08. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Essex Property Trust Inc. is 227.41 (with a change from open of 0.27%), this in conjunction with a target price of 243.78. Volume today has so far reached 416500, with an average volume of about 355.39. The GAP for this stock, is 0.08%.

The P/E ratio is 54.8, bringing the forward P/E to a value of 51.06. The current EPS for Essex Property Trust Inc., is 4.15, with a EPS growth for this year coming to a value of 69.20%. Performance has been interesting with performance year to date coming to -2.96%.

Looking further into the growth statistics for Essex Property Trust Inc., EPS is looking like it will grow 4.31% in the next year. Looking even further it is projected to be 7.90%. Quarter over quarter is 56.60% for EPS growth and for sales growth quarter over quarter it is 8.60%. Looking at past EPS growth statistics we see that for the past five years it has been 26.40%. Sales growth for the past five years has in fact been 23.80%.

Looking at the ownership, we see that the insider ownership is at 0.40% and institutional ownership is 98.80%. Shares outstanding is 65.49, while shares float is at a value of 64.68. Float short for Essex Property Trust Inc. is 2.38% and the short ratio is 4.33.

In terms of debt, long term debt/equity is 0.92, while the total debt/equity comes to 0.92. The ability to meet these debts, means that the current ratio is *TBA, and the quick ratio is *TBA. The most recent gross margin is 69.90% and their operating margin is 29.90%. The profit margin is 21.70%.

Essex Property Trust Inc. has seen returns on assets of 2.30%, and on investment, 3.10%. Return on equity is 4.40%. Price/Earnings to growth ratio is 6.94. Price/Sales ratio is at a value of 11.9, with Price/book ratio coming to 2.43 and Price/cash is 81.61, and finally Price/Free cash Flow is 110.98.

The simple moving averages are 0.15% and 2.14% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -5.59% and the 52 week low is 20.63%.

Essex Property Trust Inc. has a dividend yield of 2.81%, with a current price of 227.41. The ability to pay this means the payout ratio is 146.10%. This is in an industry, REIT – Residential, with equally high dividends from other companies in this sector, which it is Financial. Essex Property Trust Inc. is based in USA.

Performance in the REIT – Residential industry means that Essex Property Trust Inc. has seen performance for the past week of -0.53%, with performance for the month coming to 1.60%. Looking at the data for the quarter it is at a value of 2.00%, and for the half year the performance is 6.51%. Volatility for this week is 1.71% and for the month this is 1.82%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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