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Is this Large Market Cap Stock target price reasonable for Essex Property Trust, Inc. (NYSE:ESS) ?

The company in question is, Essex Property Trust, Inc. (NYSE:ESS) currently with a stock price of 235.06 (-0.07% today). The market cap for Essex Property Trust, Inc. is 15410.53, and is in the sector Financial, and REIT – Residential industry. The target price for Essex Property Trust, Inc. is 238. Currently Essex Property Trust, Inc. is trading with a P/E of 37.51, and a forward P/E of 53.54. Average volume for Essex Property Trust, Inc. is 346.7 and so far today it is 253200.

Performance in the last year for Essex Property Trust, Inc. has been 8.59%. For EPS growth, Essex Property Trust, Inc. has seen a growth of 79.80%, and is looking to grow in the next year to 5.00%. More long term stats show that EPS growth has been 47.00% over the last five years and could be 6.45% for the next five years. Essex Property Trust, Inc. has seen sales growth quarter over quarter at 5.90%, with EPS growth quarter over quarter at 145.40%. The 20-day simple moving average is 0.67%, with the 200-day simple moving average coming to 5.93%.

Since the IPO date for Essex Property Trust, Inc. on the 06/07/1994, Essex Property Trust, Inc. has seen performance year to date to be 1.87%. With Essex Property Trust, Inc. trading at 235.06, the dividend yield is 2.98%, and the EPS is 6.27.

So could Essex Property Trust, Inc., be undervalued? Well as said before P/E is 37.51. The PEG is 5.82, P/S is 11.91 and the P/B is at 2.49. The P/cash is 237.45, with P/free cash flow at 87.31.

Essex Property Trust, Inc. ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.9, and total debt/equity at 0.9.

In terms of margins, Essex Property Trust, Inc. has a gross margin of 69.90%, an operating margin of 32.50% and a profit margin of 31.80%.Payout ratio for Essex Property Trust, Inc. is 99.40%. Return on assets come to 3.40% with return on investment coming to 3.50%.

Insider ownership for Essex Property Trust, Inc., is at 0.10% and institutional ownership comes to 98.80%. Outstanding shares are at 65.56. While shares float is 64.79. The float short is currently 3.59%, and short ratio is 6.71.

Graphs: Essex Property Trust, Inc. NYSE: ESS | Friday April 21, 2017

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Essex Property Trust, Inc. NYSE: ESS

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Essex Property Trust, Inc. NYSE: ESS

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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Tony Dabbs

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