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Should Essex Property Stock be Retained in Your Portfolio Now?
ZACKS· 2024-12-04 14:31
Essex Property Trust, Inc. (ESS) is well-poised to gain from a robust property base in the West Coast market with several demand drivers. Efforts to leverage technology and a healthy balance sheet bode well. However, the elevated supply of rental units and a concentrated portfolio in certain markets are a concern.In October, Essex Property reported third-quarter 2024 core funds from operations (FFO) per share of $3.91, which beat the Zacks Consensus Estimate of $3.88. The figure improved 3.4% from the year- ...
ESS Tech Is A High-Risk Investment That May Reward A Patient Investor
Seeking Alpha· 2024-11-19 13:33
ESS Tech, Inc. (NYSE: GWH ) is a technology company looking to sell iron flow batteries to the utilities sector. Not the sexiest technology stock, but there may be significant upside for investors prepared to hold long term.After 15 years working in the financial sector, performing analysis and judging risk management at investment banks, commercial banks and insurance companies, I want to work for myself. I have joined Seeking Alpha to share the results of my analysis of companies that I research when look ...
Essex Property Stock Up 16.7% in Six Months: Will It Rise Further?
ZACKS· 2024-11-12 14:26
Shares of Essex Property Trust (ESS) have rallied 16.7% over the past six months, outperforming the industry's upside of 10.6%.This residential REIT is well-poised to gain from a robust property base in the West Coast market that has several demand drivers. A healthy balance sheet also augurs well.Last October, ESS reported third-quarter 2024 core funds from operations (FFO) per share of $3.91, which beat the Zacks Consensus Estimate of $3.88. The figure also improved 3.4% from the year-ago quarter.Results ...
Essex Property Trust(ESS) - 2024 Q3 - Quarterly Report
2024-10-30 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.0001 par value (Essex Property Trust, Inc.) ESS New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...
Essex Property Trust(ESS) - 2024 Q3 - Earnings Call Transcript
2024-10-30 20:23
Essex Property Trust, Inc. (NYSE:ESS) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Angela Kleiman - President, CEO Barb Pak - EVP, CFO Rylan Burns - EVP, Chief Investment Officer Conference Call Participants Daniel Tricarico - Scotiabank Nick Joseph - Citi Haendel St. Juste - Mizuho Securities Steve Sakwa - Evercore ISI Alexander Goldfarb - Piper Sandler Adam Kramer - Morgan Stanley Jamie Feldman - Wells Fargo Josh Dennerlein - Bank of America John Kim - BMO Capital Mark ...
Essex Property Q3 FFO and Revenues Beat, '24 View Raised
ZACKS· 2024-10-30 17:11
Essex Property Trust Inc. (ESS) reported third-quarter 2024 core funds from operations (FFO) per share of $3.91, which beat the Zacks Consensus Estimate of $3.88. The figure also improved 3.4% from the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results reflect favorable growth in same-property revenues and net operating income (NOI). ESS also raised its full-year 2024 guidance. Total revenues of $450.7 million outpaced the Zacks Consensus Estimate of $445.9 m ...
Is the Options Market Predicting a Spike in Essex Property Trust (ESS) Stock?
ZACKS· 2024-10-30 13:31
Investors in Essex Property Trust, Inc. (ESS) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $130 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It co ...
Essex Property Trust (ESS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-30 00:31
For the quarter ended September 2024, Essex Property Trust (ESS) reported revenue of $450.7 million, up 7.5% over the same period last year. EPS came in at $3.91, compared to $1.36 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $445.88 million, representing a surprise of +1.08%. The company delivered an EPS surprise of +0.77%, with the consensus EPS estimate being $3.88.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...
Essex Property Trust (ESS) Q3 FFO and Revenues Top Estimates
ZACKS· 2024-10-29 22:31
Essex Property Trust (ESS) came out with quarterly funds from operations (FFO) of $3.91 per share, beating the Zacks Consensus Estimate of $3.88 per share. This compares to FFO of $3.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.77%. A quarter ago, it was expected that this real estate investment trust would post FFO of $3.84 per share when it actually produced FFO of $3.94, delivering a surprise of 2.60%. Over the last fou ...
Essex Property Trust(ESS) - 2024 Q3 - Quarterly Results
2024-10-29 20:49
Exhibit 99.1 Century Towers | San Jose, CA EARNINGS RELEASE & SEX ESS SUPPLEMENTAL DATA THIRD QUARTER 2024 PROPERTY TRUST, INC. Table of Contents Third Quarter 2024 Earnings Release and Supplemental Data | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------|---------------------| | Earnings Press Release | Pages 1 - 9 | | Consolidated Operating Results | S-1 & S-2 | | Consolidated Funds from Operations | S-3 | | Co ...