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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 222.52 (-1.11% today). The market cap for Essex Property Trust Inc. is 15197.85, and is in the sector Financial, and REIT – Residential industry. The target price for Essex Property Trust Inc. is 243.29. Currently Essex Property Trust Inc. is trading with a P/E of 54.22, and a forward P/E of 50.52. Average volume for Essex Property Trust Inc. is 373.63 and so far today it is 38196.

Performance in the last year for Essex Property Trust Inc. has been 7.75%. For EPS growth, Essex Property Trust Inc. has seen a growth of 69.20%, and is looking to grow in the next year to 4.31%. More long term stats show that EPS growth has been 26.40% over the last five years and could be 11.64% for the next five years. Essex Property Trust Inc. has seen sales growth quarter over quarter at 8.60%, with EPS growth quarter over quarter at 56.60%. The 20-day simple moving average is -2.37%, with the 200-day simple moving average coming to -0.07%.

Since the IPO date for Essex Property Trust Inc. on the 6/7/1994, Essex Property Trust Inc. has seen performance year to date to be -4.65%. With Essex Property Trust Inc. trading at 222.52, the dividend yield is 2.84%, and the EPS is 4.15.

So could Essex Property Trust Inc., be undervalued? Well as said before P/E is 54.22. The PEG is 4.66, P/S is 12.15 and the P/B is at 2.41. The P/cash is 83.28, with P/free cash flow at 113.25.

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 0.92, and total debt/equity at 0.92.

In terms of margins, Essex Property Trust Inc. has a gross margin of 69.90%, an operating margin of 29.90% and a profit margin of 21.70%.Payout ratio for Essex Property Trust Inc. is 146.10%. Return on assets come to 2.30% with return on investment coming to 3.10%.

Insider ownership for Essex Property Trust Inc., is at 0.40% and institutional ownership comes to 98.80%. Outstanding shares are at 67.54. While shares float is 64.68. The float short is currently 2.52%, and short ratio is 4.37.

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

Mark Hines

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