Is Essex Property Trust (ESS) Overvalued at $252.57 After Recent Share Price Decline?

Essex Property Trust's share price has seen short-term moves despite a 1 year return of an 11.4% decline and a year to date return of a 1.7% decline. The stock scores 5 out of 6 on valuation, with a DCF analysis suggesting it is undervalued by 30.7%. The company's position in US coastal multifamily housing and the impact of changing interest rate expectations on listed real estate have influenced its share price.