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

302.67

Mkt cap

19B

Volume

329K

High

303.56

P/E Ratio

35.21

52-wk high

317.73

Low

299.67

Div yield

0.03

52-wk low

209.17

ESS Tech, Inc. reported its financial results for the third quarter of 2024, highlighting its strong market position in long-duration energy storage systems for commercial and utility-scale applications.

Portfolio Pulse from

November 13, 2024 | 9:15 pm

Essex Property Trust (ESS) has seen a 16.7% increase in its stock price over the past six months. The company is expected to benefit from strong West Coast market fundamentals and a robust balance sheet, which may support further stock price growth.

Portfolio Pulse from

November 12, 2024 | 2:45 pm

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

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