Shares of Real Estate sector company Essex Property Trust moved -7.6% today, and are now trading at a price of $268.55. The Large-Cap stock's daily volume was 1,873,280 compared to its average volume of 440,039. The S&P 500 index returned a -0.0% performance.
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. The company is based in San Mateo and has 1,712 full time employees. Its market capitalization is $18,542,925,824.
24 analysts are following Essex Property Trust and have set target prices ranging from $282.0 to $355.0 per share. On average, they have given the company a rating of hold. At today's prices, ESS is trading -13.66% away from its average analyst target price of $311.02 per share.
Over the last year, ESS's share price has increased by 4.4%, which represents a difference of -10.9% when compared to the S&P 500. The stock's 52 week high is $317.73 per share whereas its 52 week low is $243.85. With average free cash flows of $882.7 Million that have been growing at an average rate of 7.9% over the last 5 years, Essex Property Trust is in a position to continue its strong stock performance trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 1,068,305 | 2,874 | 1,065,431 | 9.59 |
| 2023 | 980,064 | 7,872 | 972,192 | 2.56 |
| 2022 | 975,649 | 27,713 | 947,936 | 10.81 |
| 2021 | 905,259 | 49,784 | 855,475 | 23.21 |
| 2020 | 803,108 | 108,781 | 694,327 | -8.74 |
| 2019 | 919,079 | 158,234 | 760,845 |
