(USD) | Dec 2023 | Q/Q |
---|---|---|
Revenue | 2.8MM | +1% |
Operating Income | 130.3MM | -1% |
Operating Expenses | -127.5MM | - |
Net Income | 70.3MM | -24% |
G&A | 19.7MM | +35% |
Interest Expense | 55.1MM | +2% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Essex Property (ESS) acquires its joint venture partner's 49.9% stake in the BEXAEW portfolio, which comprises four properties and generated an 11.4% IRR.
SAN MATEO, Calif., March 25, 2024--Essex Property Trust, Inc. (NYSE:ESS) announced today that it acquired its joint venture partner’s 49.9% interest in the BEXAEW portfolio for a total purchase price of $505.0 million on a gross basis. The seller’s cap rate is approximately 5.25%; however, after incorporating additional economic benefits by fully integrating this portfolio into our operating platform, we estimate a 5.9% year-one yield. Concurrent with closing, the Company repaid $219.9 million o
CSR vs. ESS: Which Stock Is the Better Value Option?
Essex Property (ESS) is likely to benefit from favorable West Coast market fundamentals and a healthy balance sheet. However, an elevated supply in some markets and high interest rates are worrisome.
Investors who purchase real estate investment trusts (REITs) often do so for the income that most REITs produce in the form of monthly or quarterly dividends. When REITs announce dividend increases, investors either celebrate a raise in annual income or a chance to reinvest in an increased number of shares of the stock. In addition to these increases, dividend raises signify a REIT's belief in its ability to continue generating strong revenue and earnings that allow it to continue providing shar
SAN MATEO, Calif., March 07, 2024--Essex Property Trust, Inc. (NYSE:ESS) ("Essex") announced today that its operating partnership, Essex Portfolio, L.P. (the "Issuer"), priced an underwritten public offering of $350 million aggregate principal amount of 5.500% senior notes due 2034 (the "Notes"). The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. Interest is payable semiannually at an interest rate per annum of 5.500% on April 1 and October 1 of each year with the
Essex Property Trust Inc (NYSE:ESS) experienced an insider sell on February 28, 2024, according to a recent SEC filing.
SAN MATEO, Calif., March 01, 2024--Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time.
It's always interesting to see the nuances of consistency when analysts raise price targets on stocks. Often, they will increase price targets on groups of stocks in a certain sector. Sometimes an analyst will announce price hikes that are similar to one or two other analysts from the same firm on the same day. Is that a coincidence? It doesn't seem to be. For example, on Feb. 26, three Morgan Stanley analysts maintained Equal-Weight ratings on six different REITs, while raising the price target
Annaly has a huge yield, but a terrible dividend history. This trio of REITs has dividends you can count on.