Streetbeat News

ESS

Essex Property Trust, Inc.

https://www.essexapartmenthomes.com

Industry

REIT - Residential

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

Open

298.32

Mkt cap

20B

Volume

237K

High

305.90

P/E Ratio

35.55

52-wk high

317.73

Low

298.32

Div yield

0.03

52-wk low

204.64

Essex Property Trust has announced its forecast for the fiscal year 2024, expecting core funds from operations (FFO) to be between $15.50 and $15.62.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:17 pm

Essex Property Trust reported its Q3 2024 Core Funds From Operations (FFO) at $3.91, surpassing the estimated $3.88.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:16 pm

Raymond James analyst Buck Horne has downgraded Essex Property Trust (NYSE:ESS) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:16 pm

Essex Property Trust (NYSE:ESS) has seen a 27.59% increase in its short percent of float, now at 1.85% of available shares. This is below the peer group average of 3.65%. The rise in short interest suggests a more bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 2:45 pm

B of A Securities has downgraded Essex Property Trust from Buy to Neutral, while raising the price target from $307 to $321.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:17 pm

Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Essex Property Trust and raises the price target from $309 to $329.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 6:06 pm

Evercore ISI Group has maintained an 'In-Line' rating on Essex Property Trust and raised its price target from $283 to $287.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:15 pm

JP Morgan analyst Anthony Paolone maintains a Neutral rating on Essex Property Trust (NYSE:ESS) but raises the price target from $265 to $297.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:49 pm

Deutsche Bank has maintained its 'Hold' rating on Essex Property Trust (NYSE:ESS) while raising the price target from $240 to $308.

Portfolio Pulse from Benzinga Newsdesk

September 10, 2024 | 5:53 pm

Goldman Sachs analyst Julien Blouin initiated coverage on several multifamily and single-family rental REITs, highlighting potential revenue growth due to easing supply pressures. Invitation Homes Inc. (INVH) and American Homes 4 Rent (AMH) received Buy ratings, while Camden Property Trust (CPT), Equity Residential (EQR), and Essex Property Trust, Inc. (ESS) were rated Neutral. UDR, Inc. (UDR) was given a Sell rating. The analyst expects strong demand and demographic trends to drive revenue growth, particularly for AMH and INVH.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 6:54 pm

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