에 대한 최신 뉴스 Essex Property Trust (NYSE:ESS) 주식

Essex Property Trust

Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

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JMP Securities analyst Aaron Hecht reiterates Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Market Perform to Market Perform.

News

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Perform on Essex Property Trustto Market Perform

Across the recent three months, 4 analysts have shared their insights on Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Essex Property Trust, revealing an average target of $307.25, a high estimate of $316.00, and a low estimate of $300.00. Observing a downward trend, the current average is 2.46% lower than the prior average price target of $315.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1736802036_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Essex Property Trust by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Kim</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$310.00</td>
<td>$323.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Anthony Paolone</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$303.00</td>
<td>$297.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$316.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Essex Property Trust. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Essex Property Trust compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Essex Property Trust's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Essex Property Trust's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ESS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Essex Property Trust analyst ratings.</a>
<h2>Unveiling the Story Behind Essex Property Trust</h2>
Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
<h3>Essex Property Trust: Financial Performance Dissected</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Essex Property Trust displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 7.52%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: Essex Property Trust's net margin is impressive, surpassing industry averages. With a net margin of 26.28%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Essex Property Trust's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.17%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Essex Property Trust's ROA stands out, surpassing industry averages. With an impressive ROA of 0.94%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Essex Property Trust's debt-to-equity ratio is below the industry average at 1.18, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Essex Property Trust Through The Eyes Of 4 Analysts

WIIM

Essex Property Trust shares are trading higher after BMO capital upgraded the stock from Market Perform to Outperform.

BMO Capital analyst John Kim upgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Market Perform to Outperform and lowers the price target from $323 to $310.

Upgrades

Price Target

BMO Capital Upgrades Essex Property Trust to Outperform, Lowers Price Target to $310

Mizuho analyst Vikram Malhorta maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Outperform and lowers the price target from $325 to $300.

Mizuho Maintains Outperform on Essex Property Trust, Lowers Price Target to $300

JP Morgan analyst Anthony Paolone downgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Neutral to Underweight and raises the price target from $297 to $303.

Downgrades

JP Morgan Downgrades Essex Property Trust to Underweight, Raises Price Target to $303

Barclays analyst Anthony Powell initiates coverage on Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Equal-Weight rating and announces Price Target of $316.

Initiation

Barclays Initiates Coverage On Essex Property Trust with Equal-Weight Rating, Announces Price Target of $316

Guidance

Essex Property Trust Sees FY24 Core FFO $15.50-$15.62

Earnings

Essex Property Trust Q3 2024 Core FFO $3.91 Beats $3.88 Estimate

Raymond James analyst Buck Horne downgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Outperform to Market Perform.

Raymond James Downgrades Essex Property Trust to Market Perform

Essex Property Trust's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) short percent of float has risen 27.59% since its last report. The company recently reported that it has 869 thousand shares sold short, which is 1.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Essex Property Trust Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729262717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Essex Property Trust has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Essex Property Trust's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Essex Property Trust's peer group average for short interest as a percentage of float is 3.65%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

Trading Ideas

Looking Into Essex Property Trust's Recent Short Interest

B of A Securities analyst Joshua Dennerlein downgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Buy to Neutral and raises the price target from $307 to $321.

B of A Securities Downgrades Essex Property Trust to Neutral, Raises Price Target to $321

Scotiabank analyst Nicholas Yulico maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Sector Outperform and raises the price target from $309 to $329.

Scotiabank Maintains Sector Outperform on Essex Property Trust, Raises Price Target to $329

Evercore ISI Group analyst Steve Sakwa maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a In-Line and raises the price target from $283 to $287.

Evercore ISI Group Maintains In-Line on Essex Property Trust, Raises Price Target to $287

JP Morgan analyst Anthony Paolone maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Neutral and raises the price target from $265 to $297.

JP Morgan Maintains Neutral on Essex Property Trust, Raises Price Target to $297

Mid-America Apartment (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/maa#NYSE">MAA</a>) is poised to benefit from its well-diversified Sun Belt-focused portfolio. The prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion. A healthy balance sheet will support its growth endeavors despite an elevated supply of rental units and a high interest rate environment.
<h2>What&#39;s Aiding MAA?</h2>
Sunbelt-Focused Portfolio: MAA&#39;s portfolio is set to gain from healthy operating fundamentals. The pandemic accelerated employment shifts and population inflow into the company&#39;s markets as renters sought more business-friendly, low-taxed and low-density cities. These favorable long-term secular dynamic trends are increasing the desirability of its markets.
The high pricing of single-family ownership units in a high interest rate environment continues to drive the demand for rental apartments. Amid these positives, MAA is expected to continue maintaining a high level of occupancy in the upcoming period.
Moreover, per a September Update from MAA, both new lease pricing and occupancy for the quarter through Aug. 31 improved from the second quarter of 2024 despite supply pressures.
<img alt="Mid-America Apartment Communities, Inc." src="https://staticx-tuner.zacks.com/images/articles/charts/49/77197.jpg?v=400042492" style="border-style:solid; border-width:1px" />
Image Source: Mid-America Apartment Communities, Inc.
Our projection for average physical occupancy in 2024 is 95.6%. For 2025 and 2026, the average physical occupancy is expected to remain elevated at 95.9% and 96%, respectively. While we anticipate a 1.7% increase in total revenues, the metric will rise 2.9% and 6.1% year over year in 2025 and 2026, respectively.
Redevelopment &amp; Technology Initiatives: MAA continues to implement its three internal investment programs &mdash; interior redevelopment, property repositioning projects and Smart Home installations. These programs are likely to help the company capture the upside potential in rent growth, generate accretive returns and boost earnings from its existing asset base.
In the first half of 2024, MAA redeveloped 2,796 apartment homes. As of June 30, 2024, the total number of units with Smart Home technology reached more than 94,000 across its apartment community portfolio since the initiative&#39;s beginning in the first quarter of 2019. The company expects to complete the remaining few properties in 2024.
Along with the healthy operating fundamentals of the Sunbelt markets and a robust development pipeline, the prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion.
Balance Sheet Strength: MAA enjoys a solid balance sheet, with low leverage and ample availability under its revolving credit facility. As of June 30, 2024, MAA had a strong balance sheet with $1.0 billion of combined cash and available capacity under its unsecured revolving credit facility. It also has a low net debt/adjusted EBITDAre ratio of 3.7.
In the second quarter of 2024, it generated 95.9% unencumbered net operating income (NOI), providing the scope for tapping additional secured debt capital if required. Hence, the company is well-positioned to bank on growth scopes.
In addition, its trailing 12-month return on equity is 8.25% compared with the industry&#39;s average of 3.17%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
Attractive Dividend: Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and MAA remains committed to that. In the last five years, MAA has increased its dividend seven times, and its five-year annualized dividend growth rate is 9.98%. Moreover, it has a lower dividend payout compared with the industry. Further, backed by healthy operating fundamentals, we expect its dividend distribution to be sustainable in the upcoming period.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have risen 17%, outperforming the industry&#39;s growth of 13.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4a/77198.jpg?v=1643274172" />
Image Source: Zacks Investment Research
<h2>What&#39;s Hurting MAA?</h2>
Elevated Supply: The struggle to lure renters will persist as supply volumes are expected to remain elevated in many Sunbelt markets. This phenomenon is expected to put pressure on rent growth in the upcoming period. Furthermore, competition in the residential real estate market with various housing alternatives like manufactured housing, condominiums and the new and existing home markets is concerning. This affects the company&#39;s power to raise rent or increase occupancy as well as leads to aggressive pricing for acquisitions.
High Interest Expenses: A high interest rate environment is a concern for MAA. Elevated rates imply a high borrowing cost for the company, which will affect its ability to purchase or develop real estate. The company has a substantial debt burden, and its total debt as of June 30, 2024 was $4.7 billion. For 2024, our estimate indicates a 17.6% year-over-year increase in the company&#39;s interest expenses.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader REIT sector are Cousins Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuz#NYSE">CUZ</a>) and Essex Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Cousins Properties&#39; current-year FFO per share has been raised marginally over the past two months to $2.66.
The Zacks Consensus Estimate for Essex Property Trust&#39;s current-year FFO per share has moved northward marginally over the past month to $15.53.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2334104/solid-demand-boosts-mid-america-apartment-despite-supply-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2334104">To read this article on Zacks.com click here.</a>

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Real Estate

Solid Demand Boosts Mid-America Apartment Despite Supply Woes

Deutsche Bank maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Hold and raises the price target from $240 to $308.

Deutsche Bank Maintains Hold on Essex Property Trust, Raises Price Target to $308

Goldman Sachs analyst Julien Blouin initiated coverage of several multifamily REITs and single-family rental REITs companies.
Initiating with a Buy rating, the analyst kept the price target for Invitation Homes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>) <a target="_blank" href="https://www.benzinga.com/quote/INVH/analyst-ratings" rel="noreferrer noopener">at $46</a>,&nbsp;&nbsp;Mid-America Apartment Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) <a target="_blank" href="https://www.benzinga.com/quote/MAA/analyst-ratings" rel="noreferrer noopener">at $187</a> and American Homes 4 Rent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMH#NYSE">AMH</a>) <a target="_blank" href="https://www.benzinga.com/quote/amh/analyst-ratings" rel="noreferrer noopener">at $48.</a>
The analyst says that for single-family REITs like AMH and INVH, strong demand driven by demographics, home affordability, and migratory trends is expected to lead to re-accelerating same-store revenue growth in 2025 and 2026 as competitive rental supply pressures ease.
In particular, the analyst expects AMH and INVH to experience the highest same-store revenue growth among their covered stocks in 2025. Additionally, Blouin says that AMH&#8217;s upcoming development projects will enable the company to achieve superior external growth.
On the other hand, Blouin started coverage at a Neutral rating on Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>), Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>), and Essex Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), with a price target of <a target="_blank" href="https://www.benzinga.com/quote/cpt/analyst-ratings" rel="noreferrer noopener">$139</a>, <a target="_blank" href="https://www.benzinga.com/quote/eqr/analyst-ratings" rel="noreferrer noopener">$81</a> and <a target="_blank" href="https://www.benzinga.com/quote/ess/analyst-ratings" rel="noreferrer noopener">$318</a>, respectively.
The analyst expects rent growth in ESS's markets to stay strong, driven by improving migration trends in the company's suburban areas (~60% of exposure based on GS estimates, 47% per CoStar).
However, they anticipate that EQR to encounter a significant supply challenge in its urban submarkets.
Apart from this, the analyst initiated coverage on UDR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) at a Sell rating, <a target="_blank" href="https://www.benzinga.com/quote/UDR/analyst-ratings" rel="noreferrer noopener">with a price target of $42</a>.
For UDR, Blouin expects solid rent growth for UDR, driven by improving migration in suburban areas (~70% exposure per GS and UDR's estimates, ~50% according to CoStar). This will be partially offset by outmigration from urban areas (~30% of the portfolio).
Also, same-store expense growth is projected to be in the low 4% range, about 100 basis points above consensus, adds the analyst.
Overall, the analyst writes that in residential REIT sector, declining supply is creating a favorable growth environment. For Sunbelt multifamily REITs, while suburban migration is moderating, Blouin anticipates a sharper decline in supply, which will drive accelerating same-store revenue growth.
Image via Shutterstock
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Analyst Color

INVH

Multifamily REITs Set For Revenue Boost As Supply Pressures Ease, Says Goldman Sachs

Goldman Sachs analyst Julien Blouin initiates coverage on Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Neutral rating and announces Price Target of $318.

Goldman Sachs Initiates Coverage On Essex Property Trust with Neutral Rating, Announces Price Target of $318

Shares of Essex Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>) have rallied 23.1% in the past six months, outperforming the industry&#39;s growth of 16.2%.
This residential REIT, which has a robust property base in the West Coast market, is poised to benefit from the healthy demand for its residential units. It is also banking on technology, scale and organizational capabilities to drive growth.
Analysts also seem bullish on this Zacks Rank #2 (Buy) stock. The Zacks Consensus Estimate for the company&#39;s 2024 FFO per share has been revised two cents upward over the past week to $15.53.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/76414.jpg?v=2100882721" />
Image Source: Zacks Investment Research
Let us now decipher the factors behind the surge in the stock price.
This residential REIT&#39;s substantial exposure to the West Coast market has offered ample scope to enhance its top line. The West Coast is home to several innovation and technology companies that drive job creation and income growth. The West Coast region has higher median household incomes, an increased percentage of renters than owners and favorable demographics.
With layoffs in the tech industry slowing and return to office gaining momentum, the West Coast markets are likely to see an increase in renter demand in the near term. Also, due to the high cost of homeownership amid high interest rates, the transition from renter to homeowner is difficult in its markets, making renting apartment units a more flexible and viable option.
Essex Property is also banking on its technology, scale and organizational capabilities to drive margin expansion across its portfolio and bring about operational efficiency by lowering costs. It is making good progress on the technology front, and leasing agents are becoming more productive by leveraging these tools. These efforts are likely to have an incremental effect on the top-line and bottom-line growth, positioning Essex Property to ride the growth curve.
<h2>ESS&#39; Balance Sheet Position</h2>
Essex Property maintains a healthy balance sheet and enjoys financial flexibility. As of July 26, 2024, the company had $1.1 billion of liquidity through an undrawn capacity on its unsecured credit facilities, cash, cash equivalents and marketable securities.
In the second quarter of 2024, its net debt-to-adjusted EBITDAre remained unchanged at 5.4X from the prior quarter. Over the years, it has made efforts to increase its unencumbered net operating income (NOI) to an adjusted total NOI, which stood at 93% at the end of the second quarter of 2024. With a high percentage of such assets, the company can access secured and unsecured debt markets and maintain availability on the line. With a solid liquidity position, the company is well-poised to ride its growth curve.
In addition, its trailing 12-month return on equity is 9.14% compared with the industry&#39;s average of 3.17%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
<h2>ESS&#39; Dividend Payouts</h2>
Solid dividend payouts are arguably the biggest attraction for REIT investors, and Essex Property has been steadily raising its payout. ESS has increased its dividend five times in the last five years, and its five-year annualized dividend growth rate is 4.34%. With a low dividend payout ratio, a solid operating platform and decent balance sheet strength, the dividend payment is expected to be sustainable over the long run.
<h2>Negatives Likely to Affect ESS Stock</h2>
However, the elevated supply of apartment units in some of the company&#39;s markets is likely to fuel competition and curb pricing power. A flexible working environment and high interest rates add to its woes.
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks from the retail REIT sector are Modiv Industrial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdv#NYSE">MDV</a>) and Equity Lifestyle Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/els#NYSE">ELS</a>). While Modiv Industrial sports a Zacks Rank #1 (Strong Buy) at present, Equity Lifestyle carries a Zacks Rank #2.
The Zacks Consensus Estimate for MDV&#39;s current-year FFO per share has been raised 6.5% over the past month to $1.32.
The Zacks Consensus Estimate for ELS 2024 FFO per share has moved marginally northward over the past two months to $2.91.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) &mdash; a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2330980/essex-property-rises-23-1-in-6-months-will-the-trend-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2330980">To read this article on Zacks.com click here.</a>

Small Cap

Essex Property Rises 23.1% in 6 Months: Will the Trend Last?

Essex Property upped to Outperform at BMO as LA fires set to boost demand

Apartment Rents Are Too Low

Bets against S&P 500 real estate stocks fall in December, Ventas logs steepest decline

Evercore ISI lowered the firm's price target on Essex Property Trust (ESS) to $289 from $295 and keeps an In Line rating on the shares. Despite sup...

Essex Property Trust price target lowered to $289 from $295 at Evercore ISI

In a report released today, Aaron Hecht from JMP Securities reiterated a Hold rating on Essex Property (ESS – Research Report). The company's share...

JMP Securities Sticks to Their Hold Rating for Essex Property (ESS)

REITs benefit from rising rents driven by high demand, limited supply, and inflation, ensuring steady income, wealth growth, and protection against inflation, with strong long-term prospects. Therefore, it may be wise to consider robust REITs like AvalonBay Communities (AVB), Essex Property Trust (ESS), and UMH Properties (UMH). Read on… REITs offer a promising investment, benefiting from rising rents, limited new supply, and high-demand sectors like e-commerce, senior housing, and AI-driven data centers. With inflation boosting property values and rents, REITs ensure dividend growth and a steady income stream, acting as a natural hedge against rising costs.
Therefore, investors might want to consider strong REITs benefiting from rising rents, such as AvalonBay Communities, Inc. (<a href="https://stocknews.com/stock/AVB/">AVB</a>), Essex Property Trust, Inc. (<a href="https://stocknews.com/stock/ESS/">ESS</a>), and UMH Properties, Inc. (<a href="https://stocknews.com/stock/UMH/">UMH</a>).
High demand, low housing inventory, rising mortgage rates, and costly construction have led many to rent longer, driving up demand for rental properties. Since 2020, rents have surged, with current prices <a href="https://www.nerdwallet.com/article/finance/rental-market-trends">33.5% higher</a> than pre-pandemic levels. As of October 2024, asking rents were 3.3% higher than last year.
While housing inflation has slowed, rent prices and housing-related services continue to rise, making REITs an attractive investment option for those seeking reliable payouts, wealth growth, and protection against inflation. Additionally, REITs offer global diversification and sector-specific exposure. The market is projected to reach $4.20 trillion by 2027, growing at a <a href="https://www.finextra.com/blogposting/26051/the-global-future-forecast-and-trends-of-reit-industry">CAGR of 2.8%</a>.
Overall, REITs present a balanced investment opportunity, especially as broader market conditions support sector recovery. The expansion of AI and e-commerce drives sustained long-term demand, making REITs an attractive option for investors seeking growth and stability. With this in mind, let's now explore the fundamentals of the three REITs mentioned above.
AvalonBay Communities, Inc. (<a href="https://stocknews.com/stock/AVB/">AVB</a>)
AVB is an equity REIT engaged in developing, redeveloping, acquiring, and managing apartment communities in major metropolitan areas across New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.
AVB's trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 61.79% is 13.3% higher than the 54.56% industry average. The stock's trailing-12-month Return on Common Equity of 8.79% is 145.8% higher than the industry average of 3.58%. Also, its trailing-12-month Return on Total Assets of 4.89% is 212% higher than the industry average of 1.57%.
During the fiscal third quarter that ended September 30, 2024, AVB's total revenue increased 5.3% year-over-year to $734.31 million. Likewise, the company's net income attributable to common stockholders and core FFO came in at $372.52 million and $2.74, up 116.5% and 3% over the prior-year quarter, respectively.
Street expects AVB's FFO for the quarter ending December 31, 2024, to increase 3.6% year-over-year to $2.84. Its revenue for the same quarter is expected to rise 5.3% year-over-year to $739.66 million. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past nine months, the stock has gained 21.9% to close the last trading session at $219.17.
AVB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its strong fundamentals. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Stability and Sentiment. Within the <a href="https://stocknews.com/category/reits-residential/">REITs – Residential</a> industry, AVB is ranked #5 out of 19 stocks. To see AVB's ratings for Growth, Value, Momentum, and Quality, <a href="https://stocknews.com/stock/AVB/">click here</a>.
Essex Property Trust, Inc. (<a href="https://stocknews.com/stock/ESS/">ESS</a>)
ESS is an S&amp;P 500 company and a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in select West Coast markets. ESS currently holds ownership interests in 254 apartment communities, comprising approximately 62,000 apartment homes.
In terms of the trailing-12-month EBIT margin, ESS' 30.79% is 35.6% higher than the 22.70% industry average. Similarly, the stock's 68.28% trailing-12-month gross profit margin is 3.3% higher than the 66.08% industry average. Moreover, its trailing-12-month net income margin of 31.35% is 191.7% higher than the 10.75% industry average.
ESS's earnings from operations for the fiscal third quarter, which ended on September 30, 2024, were $128.79 million. Its core funds from operations attributable to common stockholders and unitholders were reported at $260 million, or $3.91 per share, each up 3.4% year-over-year.
For the quarter ending December 31, 2024, ESS' revenue is expected to increase 7.8% year-over-year to $451.58 million. Its FFO for the same quarter is expected to grow 2% year-over-year to $3.91. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past nine months, ESS' stock has gained 20.7% to close the last trading session at $284.25.
ESS' bright prospects are reflected in its POWR Ratings. It has a B grade for Growth, Stability, and Sentiment. It is ranked #2 in the REITs – Residential industry. To access the additional grades of ESS for Value, Momentum, and Quality, <a href="https://stocknews.com/stock/ESS/">click here</a>.
UMH Properties, Inc. (<a href="https://stocknews.com/stock/UMH/">UMH</a>)
UMH is a public equity REIT that owns and operates 135 manufactured home communities, comprising approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, and Georgia.
On November 4, 2024, UMH announced the acquisition of a self-storage facility with 246 units in Anderson, Indiana, surpassing 1,000 self-storage units in its portfolio. All units are located near UMH communities, enhancing customer service for residents and local storage needs.
In terms of the trailing-12-month asset turnover ratio, UMH's 0.16x is 22.9% higher than the 0.13x industry average. Similarly, its 1.86% trailing-12-month Return on Total Assets is 18.6% higher than the 1.57% industry average. Its 11.87% trailing-12-month net income margin is 10.4% higher than the 10.75% industry average.
UMH's total income grew 8.3% year-over-year to $60.67 million in the third quarter, which ended on September 30, 2024. Additionally, the company's normalized FFO was $18.46 million, or $0.24 per common share, representing increases of 28.2% and 9.1%, respectively, from the prior year.
Analysts expect UMH's FFO and revenue for the quarter ending December 31, 2024, to increase 5.4% and 4.3% year-over-year to $0.24 and $59.44 million, respectively. Over the past year, the stock has gained 25.3% to close the last trading session at $19.00.
UMH's robust outlook is reflected in its POWR Ratings. It has a B grade for Stability and Sentiment and is ranked #29 out of 43 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITS - Diversified</a> industry. In addition to what we have stated above, we have given UMH grades for Growth, Value, Momentum, and Quality. Get all the UMH ratings <a href="https://stocknews.com/stock/UMH/">here</a>.
What To Do Next?
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<hr />
AVB shares closed at $219.17 on Friday, up $2.10 (+0.97%). Year-to-date, AVB has declined -0.36%, versus a 1.00% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/avb-ess-umh-3-reits-benefiting-from-rising-rents/>3 Reits Benefiting from Rising Rents</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Reits Benefiting from Rising Rents

Morgan Stanley analyst Adam Kramer maintained a Hold rating on Essex Property (ESS – Research Report) today and set a price target of $304.00. Adam...

Hold Rating on Essex Property Trust Amid Wildfire Concerns and Market Caution

Truist analyst Michael Lewis lowered the firm's price target on Essex Property Trust (ESS) to $292 from $296 and keeps a Hold rating on the shares ...

Essex Property Trust price target lowered to $292 from $296 at Truist

Real estate stocks bounce back to green, outperform broader markets

BBRE

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JPRE

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NURE

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PPTY

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Press Releases

Essex Announces Release and Conference Call Dates for Its Second Quarter 2024 Earnings

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Essex Announces Second Quarter 2024 Results and Raises Full-Year 2024 Guidance

Essex Property Trust Prices $200 Million Add-On Offering of its Senior Notes Due 2034 with a Reoffer Yield of 5.110%

Essex Property Trust Declares Quarterly Distributions

Essex Announces Release and Conference Call Dates for Its Third Quarter 2024 Earnings

Essex Announces Third Quarter 2024 Results and Raises Full-Year 2024 Guidance

Essex Announces Release and Conference Call Dates for Its Fourth Quarter 2024 Earnings

Essex Reports Characteristics of 2024 Dividends

ASGN

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Independence Realty Trust, Inc. Common Stock

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NexPoint Residential Trust, Inc. Common Stock

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BMO Capital

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B of A Securities

뉴욕 증권 거래소(NYSE)의 여러 주식들은 <a href="https://www.benzinga.com/topic/nyse">기술적 문제</a>로 인해 월요일 동부 표준시 오전 9시 40분 이후 갑자기 거래가 중단되었다.
이번 예상치 못한 거래 중단은 일반적으로 단일 주식의 과도한 변동성을 억제하는 데 사용되는 &#8220;상향 한도(Limit Up)/하향 한도(Limit Down)&#8221; 코드로 분류된 기술적 문제로 인해 촉발되었다.
NYSE는 보고된 기술적 문제를 조사 중이라고 밝혔다. NYSE 소유주인 인터콘티넨탈 익스체인지(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>)는 &#8220;추가 정보가 최대한 빨리 나올 것&#8221;이라고 밝혔다.
월요일에 급작스러운 거래 일시 중단을 당한 대기업들 중 일부는 동부 시간 오전 9시 50분 52초에 버크셔 해서웨이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)와 9시 44분 58초에 치폴레 멕시칸 그릴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)이 포함됐다.
치폴레의 주가는 3,097달러에서 1,047달러로 66%의 갑작스럽고 극적인 하락을 경험했다. 해당 주식은 오전 10시 21분부터 거래를 재개했다.
오전 9시 49분, 워런 버핏이 소유한 버크셔 해서웨이의 주식은 훨씬 더 심각한 하락에 직면했다. 주가는 622,375달러에서 185.10달러로 99.7%라는 엄청난 폭락으로 거의 소멸될 뻔했다.
월요일의 NYSE 기술적 오작동은 미국 증권 거래소가 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39039375/t-1-settlement-era-on-trading-begins-what-you-need-to-know">1일 결제 기간</a>으로 전환된 지 불과 일주일 만에 발생했다.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-368052" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-1024x500.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4.png 1920w" alt="" width="1024" height="500" /></figure>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-368067" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-1024x500.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5.png 1920w" alt="" width="1024" height="500" /></figure>
<h3 class="wp-block-heading">다른 영향을 받은 주식들</h3>
월요일 뉴욕 증권거래소에서 일어난 급작스럽게 발생한 기술적 오류로 인해 영향을 받은 다른 주식들은 다음과 같다.
<ul>
<li>애벗 래버러토리스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</li>
<li>배릭 골드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)</li>
<li>프랑코 네바다 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)</li>
<li>에섹스 프로퍼티 트러스트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>)</li>
<li>누스케일 파워 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>)</li>
<li>데스티니 테크 100 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>)</li>
<li>알트 디스럽티브 테크놀로지스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADRT#NYSE">ADRT</a>)</li>
<li>누보 몽드 그래파이트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMG#NYSE">NMG</a>)</li>
<li>보우헤드 스페셜티 홀딩스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOW#NYSE">BOW</a>)</li>
<li>방코 산탄데르-칠레 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSAC#NYSE">BSAC</a>)</li>
<li>로지스틱 프로퍼티 오브 더 아메리카스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>)</li>
<li>엑스페리 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPER#NYSE">XPER</a>)</li>
<li>ICL 그룹 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>)</li>
<li>텔레포니카 S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>)</li>
<li>트리니티 인더스트리즈 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>)</li>
</ul>
이 기술적인 문제는 다음 NYSE-Arca 상장 상장지수펀드(ETF)의 거래에도 영향을 미쳤다.
<ul>
<li>Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>)</li>
<li>MAX S&amp;P 500 4x Leveraged ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPRO#NYSE">UPRO</a>)</li>
<li>JPMorgan Core Plus Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCPB#NYSE">JCPB</a>)</li>
<li>Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>)</li>
<li>Nationwide Nasdaq-100 Risk-Managed Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUSI#NYSE">NUSI</a>)</li>
<li>SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>)</li>
</ul>
또한 읽기: <a href="https://www.benzinga.com/news/24/06/39136240/koss-corp-tupperware-blackberry-shares-are-moving-monday-whats-going-on">코스, 타파웨어, 블랙베리 주식의 움직임: 무슨 일이?</a>
사진은 셔터스톡(Shutterstock)을 통해 제공됐습니다.

Comments

Essex Property Trust

뉴스

에 대한 최신 뉴스 Essex Property Trust (NYSE:ESS) 주식

화요일, 6월 04, 2024

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌