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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 14536.82. 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 223.53 (with a change from open of 0.40%), this in conjunction with a target price of 243.29. Volume today has so far reached 39529, with an average volume of about 368.06. The GAP for this stock, is 0.30%.

The P/E ratio is 53.49, bringing the forward P/E to a value of 49.84. 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 -5.94%.

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 11.64%. 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 4.18.

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 , and the quick ratio is . 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 4.59. Price/Sales ratio is at a value of 11.62, with Price/book ratio coming to 2.37 and Price/cash is 79.65, and finally Price/Free cash Flow is 108.32.

The simple moving averages are -1.63% and 0.44% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -7.20% and the 52 week low is 18.57%.

Essex Property Trust Inc. has a dividend yield of 2.88%, with a current price of 223.53. 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 0.91%, with performance for the month coming to -2.66%. Looking at the data for the quarter it is at a value of 2.55%, and for the half year the performance is 3.85%. Volatility for this week is 1.89% and for the month this is 1.77%.

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.

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Stephen Butters

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