Analyst Scoreboard: 7 Ratings For Essex Property Trust
Portfolio Pulse from Benzinga Insights
Essex Property Trust (NYSE:ESS) received mixed analyst ratings over the last three months, with a shift towards a more bullish outlook in the last 30 days. The average 12-month price target for ESS is now $251.43, up from $237.29, indicating a positive sentiment shift. The company, owning over 62,000 apartment units, showed a revenue growth of 0.61% as of December 31, 2023, but faces challenges in net margin and ROA compared to industry averages. Its strong ROE and low debt-to-equity ratio highlight effective equity use and financial health.
February 08, 2024 | 4:01 pm
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Essex Property Trust has seen a mix of analyst ratings with a recent shift towards a more bullish outlook, and an increase in the average 12-month price target to $251.43 from $237.29.
The increase in the average 12-month price target and the shift towards more bullish ratings over the last 30 days suggest a positive short-term outlook for ESS. The company's financial health, indicated by its strong ROE and low debt-to-equity ratio, alongside a slight revenue growth, supports this positive sentiment. However, challenges in net margin and ROA need to be monitored as they could impact long-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100