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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.02
ESS's Cash to Debt is ranked higher than
56% of the 810 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.05 vs. ESS: 0.02 )
ESS' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.02

Equity to Asset 0.51
ESS's Equity to Asset is ranked higher than
76% of the 824 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.48 vs. ESS: 0.51 )
ESS' s 10-Year Equity to Asset Range
Min: 0.25   Max: 0.59
Current: 0.51

0.25
0.59
Interest Coverage 1.80
ESS's Interest Coverage is ranked higher than
66% of the 689 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.61 vs. ESS: 1.80 )
ESS' s 10-Year Interest Coverage Range
Min: 0.62   Max: 9999.99
Current: 1.8

0.62
9999.99
F-Score: 4
Z-Score: 1.46
M-Score: -2.88
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 21.83
ESS's Operating margin (%) is ranked higher than
61% of the 840 Companies
in the Global REIT - Residential industry.

( Industry Median: 41.50 vs. ESS: 21.83 )
ESS' s 10-Year Operating margin (%) Range
Min: 11.82   Max: 50.23
Current: 21.83

11.82
50.23
Net-margin (%) 13.80
ESS's Net-margin (%) is ranked higher than
61% of the 841 Companies
in the Global REIT - Residential industry.

( Industry Median: 33.29 vs. ESS: 13.80 )
ESS' s 10-Year Net-margin (%) Range
Min: 8.69   Max: 34.67
Current: 13.8

8.69
34.67
ROE (%) 3.34
ESS's ROE (%) is ranked higher than
59% of the 850 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.61 vs. ESS: 3.34 )
ESS' s 10-Year ROE (%) Range
Min: 3.26   Max: 16.49
Current: 3.34

3.26
16.49
ROA (%) 1.48
ESS's ROA (%) is ranked higher than
60% of the 855 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.95 vs. ESS: 1.48 )
ESS' s 10-Year ROA (%) Range
Min: 1.03   Max: 5.07
Current: 1.48

1.03
5.07
ROC (Joel Greenblatt) (%) 2.72
ESS's ROC (Joel Greenblatt) (%) is ranked higher than
58% of the 762 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.20 vs. ESS: 2.72 )
ESS' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.75   Max: 8.07
Current: 2.72

1.75
8.07
Revenue Growth (3Y)(%) 5.80
ESS's Revenue Growth (3Y)(%) is ranked higher than
89% of the 660 Companies
in the Global REIT - Residential industry.

( Industry Median: -0.70 vs. ESS: 5.80 )
ESS' s 10-Year Revenue Growth (3Y)(%) Range
Min: -3.5   Max: 21.9
Current: 5.8

-3.5
21.9
EBITDA Growth (3Y)(%) 10.40
ESS's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 586 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.90 vs. ESS: 10.40 )
ESS' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 30
Current: 10.4

0
30
EPS Growth (3Y)(%) 43.10
ESS's EPS Growth (3Y)(%) is ranked higher than
95% of the 477 Companies
in the Global REIT - Residential industry.

( Industry Median: -2.60 vs. ESS: 43.10 )
ESS' s 10-Year EPS Growth (3Y)(%) Range
Min: -24.4   Max: 55.1
Current: 43.1

-24.4
55.1
» ESS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

ESS Guru Trades in Q4 2013

Paul Tudor Jones 3,893 sh (New)
Manning & Napier Advisors, Inc 25,100 sh (New)
Chris Davis 240,007 sh (+2.61%)
Steven Romick -88,200 sh (unchged)
Ken Fisher 34,780 sh (-1.9%)
Steven Cohen 2,048 sh (-37.24%)
Chuck Royce 8,000 sh (-91.21%)
» More
Q1 2014

ESS Guru Trades in Q1 2014

Jim Simons 222,930 sh (New)
George Soros 12,100 sh (New)
Manning & Napier Advisors, Inc 40,439 sh (+61.11%)
Steven Cohen 2,775 sh (+35.5%)
Steven Romick -88,200 sh (unchged)
Chuck Royce 8,000 sh (unchged)
Paul Tudor Jones Sold Out
Ken Fisher 34,340 sh (-1.27%)
Chris Davis 184,752 sh (-23.02%)
» More
Q2 2014

ESS Guru Trades in Q2 2014

Jeremy Grantham 12,300 sh (New)
Pioneer Investments 12,281 sh (New)
Ken Fisher 34,658 sh (+0.93%)
Chuck Royce 8,000 sh (unchged)
Steven Romick -88,200 sh (unchged)
George Soros Sold Out
Jim Simons Sold Out
Manning & Napier Advisors, Inc 38,286 sh (-5.32%)
Chris Davis 132,244 sh (-28.42%)
» More
Q3 2014

ESS Guru Trades in Q3 2014

Jim Simons 50,500 sh (New)
Jeremy Grantham 18,500 sh (+50.41%)
Steven Romick -88,200 sh (unchged)
Chuck Royce 8,000 sh (unchged)
Pioneer Investments Sold Out
Manning & Napier Advisors, Inc 37,836 sh (-1.18%)
Ken Fisher 34,038 sh (-1.79%)
Chris Davis 90,710 sh (-31.41%)
» More
» Details

Insider Trades

Latest Guru Trades with ESS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Chris Davis 2014-09-30 Reduce -31.41%0.02%$179.82 - $195.51 $ 208.1610%90710
Chris Davis 2014-06-30 Reduce -28.42%0.02%$164.82 - $185.25 $ 208.1618%132244
George Soros 2014-06-30 Sold Out 0.02%$164.82 - $185.25 $ 208.1618%0
Chris Davis 2014-03-31 Reduce -23.02%0.02%$143.51 - $171.8 $ 208.1630%184752
George Soros 2014-03-31 New Buy0.02%$143.51 - $171.8 $ 208.1630%12100
Chris Davis 2013-09-30 Reduce -39.47%0.06%$141.49 - $169.6 $ 208.1634%233899
Ken Fisher 2013-09-30 Reduce -46.19%0.01%$141.49 - $169.6 $ 208.1634%35455
Ken Heebner 2013-06-30 Sold Out 2%$148.43 - $170.47 $ 208.1632%0
Chris Davis 2013-06-30 Add 28.2%0.04%$148.43 - $170.47 $ 208.1632%386391
James Barrow 2013-06-30 Sold Out 0.02%$148.43 - $170.47 $ 208.1632%0
Ken Heebner 2013-03-31 Reduce -20.52%0.53%$146.65 - $155.05 $ 208.1638%536500
James Barrow 2013-03-31 Reduce -79.66%0.09%$146.65 - $155.05 $ 208.1638%79249
James Barrow 2012-12-31 Reduce -52.93%0.13%$138.08 - $150 $ 208.1644%389620
Ron Baron 2012-09-30 Sold Out 0.0015%$148.24 - $160.28 $ 208.1635%0
Ken Fisher 2012-09-30 Add 23.17%$148.24 - $160.28 $ 208.1635%57882
Richard Perry 2012-06-30 Sold Out 0.04%$146.93 - $159.71 $ 208.1636%0
Richard Perry 2012-03-31 New Buy0.04%$136.94 - $150.77 $ 208.1654%5000
Ken Fisher 2012-03-31 Add 43.34%0.01%$136.94 - $150.77 $ 208.1654%57487
Chris Davis 2011-12-31 Reduce -36.84%0.05%$114.6 - $146.45 $ 208.1656%337569
Ron Baron 2011-12-31 New Buy$114.6 - $146.45 $ 208.1656%1550
Ken Fisher 2011-09-30 Add 25.66%$120.23 - $144.16 $ 208.1651%35210
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Essex Property Trust Inc

SymbolPriceYieldDescription
ESSFO29.334.16
ESSPRH58.336.65Essex Property Tr --- 7 1/8 % Cum Red Pfd Shs Series -H-

Ratios

vs
industry
vs
history
P/E(ttm) 88.20
ESS's P/E(ttm) is ranked higher than
60% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 27.30 vs. ESS: 88.20 )
ESS' s 10-Year P/E(ttm) Range
Min: 14.15   Max: 150.25
Current: 88.2

14.15
150.25
P/B 2.23
ESS's P/B is ranked higher than
58% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.28 vs. ESS: 2.23 )
ESS' s 10-Year P/B Range
Min: 1.68   Max: 5.79
Current: 2.23

1.68
5.79
P/S 12.21
ESS's P/S is ranked higher than
56% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 8.01 vs. ESS: 12.21 )
ESS' s 10-Year P/S Range
Min: 3.38   Max: 12.21
Current: 12.21

3.38
12.21
EV-to-EBIT 99.81
ESS's EV-to-EBIT is ranked higher than
57% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 32.78 vs. ESS: 99.81 )
ESS' s 10-Year EV-to-EBIT Range
Min: 22   Max: 123.7
Current: 99.81

22
123.7
PEG 10.48
ESS's PEG is ranked higher than
87% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. ESS: 10.48 )
ESS' s 10-Year PEG Range
Min: 1.02   Max: 1134.92
Current: 10.48

1.02
1134.92
Shiller P/E 80.13
ESS's Shiller P/E is ranked higher than
82% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. ESS: 80.13 )
ESS' s 10-Year Shiller P/E Range
Min: 17.3   Max: 80.06
Current: 80.13

17.3
80.06
Current Ratio 0.68
ESS's Current Ratio is ranked higher than
66% of the 771 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.85 vs. ESS: 0.68 )
ESS' s 10-Year Current Ratio Range
Min: 0.38   Max: 2.97
Current: 0.68

0.38
2.97
Quick Ratio 0.68
ESS's Quick Ratio is ranked higher than
67% of the 771 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.77 vs. ESS: 0.68 )
ESS' s 10-Year Quick Ratio Range
Min: 0.38   Max: 2.97
Current: 0.68

0.38
2.97

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.41
ESS's Dividend Yield is ranked lower than
83% of the 829 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.40 vs. ESS: 2.41 )
ESS' s 10-Year Dividend Yield Range
Min: 2.31   Max: 7.5
Current: 2.41

2.31
7.5
Dividend Payout 2.76
ESS's Dividend Payout is ranked higher than
58% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.31 vs. ESS: 2.76 )
ESS' s 10-Year Dividend Payout Range
Min: 0.46   Max: 16.25
Current: 2.76

0.46
16.25
Dividend growth (3y) 5.40
ESS's Dividend growth (3y) is ranked higher than
75% of the 517 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.90 vs. ESS: 5.40 )
ESS' s 10-Year Dividend growth (3y) Range
Min: 0.6   Max: 24.6
Current: 5.4

0.6
24.6
Yield on cost (5-Year) 2.91
ESS's Yield on cost (5-Year) is ranked lower than
74% of the 832 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.80 vs. ESS: 2.91 )
ESS' s 10-Year Yield on cost (5-Year) Range
Min: 2.8   Max: 9.08
Current: 2.91

2.8
9.08
Share Buyback Rate -7.90
ESS's Share Buyback Rate is ranked higher than
73% of the 621 Companies
in the Global REIT - Residential industry.

( Industry Median: -6.20 vs. ESS: -7.90 )
ESS' s 10-Year Share Buyback Rate Range
Min: -0.4   Max: -39.1
Current: -7.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.22
ESS's Price/Tangible Book is ranked higher than
61% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.35 vs. ESS: 2.22 )
ESS' s 10-Year Price/Tangible Book Range
Min: 1.12   Max: 5.22
Current: 2.22

1.12
5.22
Price/DCF (Projected) 4.06
ESS's Price/DCF (Projected) is ranked higher than
81% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. ESS: 4.06 )
ESS' s 10-Year Price/DCF (Projected) Range
Min: 2.36   Max: 52.45
Current: 4.06

2.36
52.45
Price/Median PS Value 1.53
ESS's Price/Median PS Value is ranked higher than
61% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.22 vs. ESS: 1.53 )
ESS' s 10-Year Price/Median PS Value Range
Min: 0.32   Max: 1.37
Current: 1.53

0.32
1.37
Price/Peter Lynch Fair Value 11.58
ESS's Price/Peter Lynch Fair Value is ranked higher than
88% of the 917 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. ESS: 11.58 )
ESS' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.8   Max: 27.15
Current: 11.58

0.8
27.15
Price/Graham Number 3.37
ESS's Price/Graham Number is ranked higher than
61% of the 921 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.49 vs. ESS: 3.37 )
ESS' s 10-Year Price/Graham Number Range
Min: 0.83   Max: 4.51
Current: 3.37

0.83
4.51
Earnings Yield (Greenblatt) 1.00
ESS's Earnings Yield (Greenblatt) is ranked higher than
53% of the 830 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.40 vs. ESS: 1.00 )
ESS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.8   Max: 4.6
Current: 1

0.8
4.6
Forward Rate of Return (Yacktman) 6.98
ESS's Forward Rate of Return (Yacktman) is ranked higher than
80% of the 523 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.86 vs. ESS: 6.98 )
ESS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -6.5   Max: 19
Current: 6.98

-6.5
19

Business Description

Industry: REITs » REIT - Residential
Compare:PPS, EQR, AVB, AGNC, AIV » details
Traded in other countries:ESSFO.USA, EXP.Germany,
Essex Property Trust Inc is a Maryland corporation founded in 1971. The Company completed an initial public offering on June 13, 1994. It operates as a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities. As of December 31, 2013, the Company owned or held an interest in 164 communities, aggregating 34,079 units, located along the West Coast, as well as four commercial buildings, and eleven active development projects with 2,501 units in various stages of development.The Company defines its reportable operating segments as the three geographical regions in which its communities are located: Southern California, Northern California and Seattle Metro. The Company faces competition from other real estate investment trusts, businesses and other entities in the acquisition, development and operation of apartment communities. The Company is subject to various other lawsuits in the normal course of its business operations.
» More Articles for ESS

Headlines

Articles On GuruFocus.com
These Two Sectors Have Weathered The Storm Oct 16 2014 
Essex Announces Release and Conference Call Dates for Its 2014 Third Quarter Earnings Results Oct 15 2014 
Essex Property Trust Reports Cyber-Incident on Computer Networks Oct 15 2014 
5 Stocks Giving Their Shareholders A Raise With Higher Dividends Jun 16 2014 
Steven Romick’s Biggest Short Positions Jan 22 2013 
DT, nemovitosti Sep 21 2012 
Avalon Bay - This Stock Will Fall This Year Mar 07 2012 
Seventeen Consistent Dividend Raisers in the News Feb 27 2012 
8 Dividend Stocks Yielding Over 3%, With Tiny Payout Ratios Jun 15 2011 
Steven Romick's Top-Five Short Stocks: VZ, ESRX, MHS, AVB, ESS May 25 2011 

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Essex Property Trust Declares Quarterly Distributions Dec 17 2014
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Essex Property (ESS) Is Today's Strong And Under The Radar Stock Nov 24 2014
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10-Q for Essex Property Trust, Inc. Nov 08 2014
ESSEX PROPERTY TRUST INC Files SEC form 10-Q, Quarterly Report Nov 06 2014
Essex Announces Recent Transaction Activity Nov 03 2014
Essex Property Trust (ESS) Earnings Report: Q3 2014 Conference Call Transcript Oct 31 2014
Essex Property Q3 FFO Beats on Solid NOI Growth, Guides Up Oct 31 2014
ESSEX PROPERTY TRUST INC Files SEC form 8-K, Results of Operations and Financial Condition,... Oct 31 2014
Essex Property Trust reports 3Q results Oct 30 2014
Essex Announces Third Quarter 2014 Results Oct 30 2014
Essex Announces Third Quarter 2014 Results Oct 30 2014
Q3 2014 Essex Property Trust Inc Earnings Release - After Market Close Oct 30 2014
Today's Strong And Under The Radar Stock: Essex Property (ESS) Oct 29 2014
Essex Announces Release and Conference Call Dates for Its 2014 Third Quarter Earnings Results Oct 13 2014
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