A Closer Look at 11 Analyst Recommendations For Essex Property Trust
Portfolio Pulse from Benzinga Insights
Essex Property Trust (NYSE:ESS) has received mixed analyst ratings over the past three months, with a total of 11 analysts offering views ranging from bullish to bearish. The average 12-month price target for ESS is $246.18, reflecting a 5.3% increase from the previous target of $233.78. Analyst actions include various ratings and price target adjustments, indicating evolving market conditions and company performance. Essex Property Trust, owning over 62,000 units across 252 apartment communities, shows strong market position, revenue growth, and financial health with a notable ROE of 1.19% and ROA of 0.53%.
March 18, 2024 | 12:00 pm
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POSITIVE IMPACT
Essex Property Trust has seen a variety of analyst ratings, with an updated average 12-month price target of $246.18, indicating a positive outlook. The company's strong market position, revenue growth, and financial health are notable.
The mixed analyst ratings with a lean towards positive adjustments in price targets suggest a generally optimistic outlook for ESS. The company's strong financial indicators, such as revenue growth, ROE, and ROA, alongside a solid market position, support a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100