Essex Property Trust, Inc. (NYSE:ESS)

CAPS Rating: 2 out of 5

The Company operates as a self-administered and self-managed real estate investment trust which is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of real estate.

Results 1 - 13 of 13

Recs

0
Member Avatar 2win (< 20) Submitted: 1/11/2014 12:40:04 PM : Outperform Start Price: $149.69 ESS Score: +10.70

rebuying lower

Recs

0
Member Avatar kevquinn (< 20) Submitted: 8/14/2013 9:45:26 PM : Outperform Start Price: $148.01 ESS Score: +2.09

recovering market long term pick

Recs

0
Member Avatar red1582 (22.08) Submitted: 11/16/2012 11:32:28 AM : Underperform Start Price: $130.49 ESS Score: +9.44

100% Sell Signal

Recs

0
Member Avatar stovkey1highdiv (< 20) Submitted: 1/23/2012 9:30:49 PM : Outperform Start Price: $130.09 ESS Score: -13.44

key2

Recs

0
Member Avatar ImportHater (76.19) Submitted: 1/7/2010 2:06:41 PM : Outperform Start Price: $72.79 ESS Score: +67.11

Located in Palo Alto California. They are a property owner & operator with several properties in the Bay Area of California. Having toured the facilities in Santa Rosa I was impressed. I expect this company to grow slowly with the economy conditions, but they have alot of property in their arsenal. Definately don't count them out. Take a look at them for yourself.

Recs

0
Member Avatar 007CPA (83.99) Submitted: 4/15/2009 1:16:58 AM : Underperform Start Price: $49.30 ESS Score: -115.89

Commercial real estate decline

Recs

0
Member Avatar GLK2009 (< 20) Submitted: 4/8/2009 11:10:33 PM : Underperform Start Price: $55.54 ESS Score: -72.13

outperforms industry, but underperforms S&P500

Recs

0
Member Avatar dszaronos (< 20) Submitted: 6/19/2008 12:01:42 PM : Outperform Start Price: $91.08 ESS Score: +40.17

If the real estate and housing markets have indeed bottomed out, then now is the time to invest. Great Price/Sales ratio, as well as moderete average analyst ratings.

Recs

0
Member Avatar SellbyOctober (96.92) Submitted: 12/31/2007 2:52:54 PM : Outperform Start Price: $76.29 ESS Score: +87.98

The National Downturn in RE won't hit the Bay Area as hard as it's already hit this stock

Recs

0
Member Avatar qubit16 (98.32) Submitted: 12/3/2007 9:00:35 PM : Underperform Start Price: $77.94 ESS Score: -82.25

sd

Recs

0
Member Avatar Gedunken (62.17) Submitted: 9/26/2007 2:42:14 PM : Outperform Start Price: $91.10 ESS Score: +55.81

With the housing slump, more people will be entering the rental market. Although condo and housing foreclosures will likely result in more rental units coming on-line many of these units will be able to be picked up cheap by well financed rental REITs and will boost their long term return. Many of the new rentals will also be in less desirable areas rather than the higher demand urban areas closer to downtown and work.

Rental prices are currently increasing but pricing power may be under some pressure as the residential housing bubble unwinds, but the longer term prospects for rental REITS is bright.

Recs

0
Member Avatar aaaroger (< 20) Submitted: 9/4/2007 6:02:36 PM : Outperform Start Price: $90.33 ESS Score: +53.47

119

Recs

0
Member Avatar NetscribeREIT (< 20) Submitted: 2/20/2007 7:06:19 AM : Outperform Start Price: $110.17 ESS Score: +16.47

Essex Property Trust is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties located in highly desirable, supply-constrained markets. Essex portfolio comprises of 130 apartment communities and has 908 units in various stages of development. The company’s portfolio is concentrated along the West Coast – Southern California, San Francisco Bay Area and the Seattle metropolitan area.

The increasing demand in U.S. housing market led to rise in average home prices by 55% over the last decade, while income average income per worker has increased by a mere 14%. As a result owning home has become a far off dream for many buyers, and thereby has boosted demand for rental home, which is clearly seen from the fact that the average rent for an apartment increased 4% to 4.4% in the first three quarters of 2006.

ESS three-fourth of properties are concentrated in California, where housing prices is out of reach for potential homebuyers and find renting home as the only viable option available. Moreover, decline in production level has further aggravated the problems for first time homebuyers. Factors like job growth gaining momentum should push the demand for housing market. Further, it is expected that in 2007, California should outpace nation’s overall economic growth.

A supply-constrained market helped the company to achieve 12% rise in its funds from operation (FFO) for fiscal 2006. The company in order to further strengthen its position in California market has acquired Hillsdale Garden Apartments. The management on the basis of moderately strong economy anticipates FFO to be around $5.40-$5.60 per share. The company with a healthy occupancy rate of 96% and a favorable supply/demand dynamics makes the stock a good buy.

Results 1 - 13 of 13

Featured Broker Partners


Advertisement