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ESS
Stock ticker: NYSE
AS OF
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Capitalization
13.62B

ESS Essex Property Trust Forecast, Technical & Fundamental Analysis

a real estate investment trust

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ESS with price predictions
07:00 PM EST Nov 27, 2023

Momentum Indicator for ESS turns positive, indicating new upward trend

ESS saw its Momentum Indicator move above the 0 level on November 20, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned positive. In of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where ESS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ESS just turned positive on November 14, 2023. Looking at past instances where ESS's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ESS advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

ESS moved below its 50-day moving average on November 27, 2023 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for ESS moved below the 200-day moving average on November 01, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ESS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.491) is normal, around the industry mean (2.121). P/E Ratio (26.316) is within average values for comparable stocks, (57.212). Projected Growth (PEG Ratio) (2.721) is also within normal values, averaging (6.511). Dividend Yield (0.043) settles around the average of (0.072) among similar stocks. P/S Ratio (8.313) is also within normal values, averaging (6.145).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ESS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are PROLOGIS (NYSE:PLD), American Tower Corp (NYSE:AMT), Simon Property Group (NYSE:SPG), Annaly Capital Management (NYSE:NLY), Rithm Capital Corp (NYSE:RITM), Tanger (NYSE:SKT), Innovative Industrial Properties (NYSE:IIPR).

Industry description

A real estate investment trust (REIT) is a company any that owns, and in most cases, operates, income-producing real estate – ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs are involved in financing real estate. Equity REITs invest in and own properties, while mortgage REITs own and invest in property mortgages. REITs are required by law to pay out at least 90% of their annual taxable income (excluding capital gains) to shareholders in the form of dividends. Some REITs could be more cyclical than others; for example, when an economy is undergoing a recession, hotel REITs could be more vulnerable, compared to say healthcare REIT given that healthcare needs are less likely to depend on economic cycles. American Tower Corporation, Prologis, Inc. and Crown Castle International Corp are some of the biggest REIT companies in the U.S.

Market Cap

The average market capitalization across the Real Estate Investment Trusts Industry is 4.85B. The market cap for tickers in the group ranges from 51.9K to 243.79B. COFRF holds the highest valuation in this group at 243.79B. The lowest valued company is PDNLB at 51.9K.

High and low price notable news

The average weekly price growth across all stocks in the Real Estate Investment Trusts Industry was 25%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was -1%. FRMUF experienced the highest price growth at 9,025%, while CBAOF experienced the biggest fall at -38%.

Volume

The average weekly volume growth across all stocks in the Real Estate Investment Trusts Industry was 53%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 53
Price Growth Rating: 50
SMR Rating: 81
Profit Risk Rating: 85
Seasonality Score: 7 (-100 ... +100)
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A.I. Advisor
published Earnings

ESS is expected to report earnings to rise 7.35% to $1.46 per share on January 31

Essex Property Trust ESS Stock Earnings Reports
Q4'23
Est.
$1.46
Q3'23
Missed
by $0.05
Q2'23
Beat
by $2.41
Q1'23
Beat
by $1.10
Q4'22
Beat
by $2.41
The last earnings report on October 26 showed earnings per share of $1.36, missing the estimate of $1.41. With 437.38K shares outstanding, the current market capitalization sits at 13.62B.
A.I.Advisor
published Dividends

ESS paid dividends on October 13, 2023

Essex Property Trust ESS Stock Dividends
А dividend of $2.31 per share was paid with a record date of October 13, 2023, and an ex-dividend date of September 28, 2023. Read more...
A.I. Advisor
published General Information

General Information

a real estate investment trust

Industry RealEstateInvestmentTrusts

Profile
Fundamentals
Details
Industry
Real Estate Investment Trusts
Address
1100 Park Place
Phone
+1 650 655-7800
Employees
1772
Web
http://www.essex.com
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ESS and

Correlation & Price change

A.I.dvisor indicates that over the last year, ESS has been closely correlated with EQR. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESS jumps, then EQR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESS
1D Price
Change %
ESS100%
+0.15%
EQR - ESS
89%
Closely correlated
+0.85%
AVB - ESS
88%
Closely correlated
+0.17%
AIRC - ESS
85%
Closely correlated
+1.15%
UDR - ESS
84%
Closely correlated
+0.51%
CPT - ESS
82%
Closely correlated
+1.20%
More

Groups containing ESS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESS
1D Price
Change %
ESS100%
+0.15%
west
(undefined stocks)
97%
Closely correlated
+0.54%
ESS
(undefined stocks)
88%
Closely correlated
+0.99%
rental
(undefined stocks)
83%
Closely correlated
+0.36%
reits
(undefined stocks)
82%
Closely correlated
+1.00%
investment trust
(undefined stocks)
82%
Closely correlated
+0.93%
More