Essex Property Trust, Inc. (ESS) saw a notable price increase of $7, reaching $263.81 with a 2.72% rise from the previous close at $256.83. The trading volume stood at $72,541, reflecting a 14.37% increase relative to the average.
ESS has displayed a positive streak over three consecutive days, with a $11.62 absolute change (4.61% increase) since starting at $252.19.
On Monday, April 27th, ESS surpassed the consensus estimate with an earnings per share (EPS) of $1.43. Further details on revenue and profit margin are awaited.
The company offers a healthy forward dividend yield of 3.93%, with a dividend per share of $2.59 on a trailing twelve-month basis.
ESS generated a free cash flow of $234.20 million, with a net increase in cash of $10.34 million. Notable activities include debt repayment of $140.56 million.
The company reported a gross profit of $328.83 million, resulting in a net income of $83.39 million and an EPS of $1.25.
Key ratios include a net profit margin of 17.39%, return on equity at 1.5, and a price-to-earnings ratio of 50.57.
With total assets at $13.16 billion and total debt at $6.90 billion, ESS maintains a strong financial position.
This comprehensive overview provides insights into ESS's performance and financial standing, offering investors valuable information for decision-making.
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.