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

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

Goldman Sachs has initiated coverage on Essex Property Trust with a Neutral rating and set a price target of $318.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:11 am

Raymond James analyst Buck Horne maintains an Outperform rating on Essex Property Trust and raises the price target from $295 to $325.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:15 pm

Evercore ISI Group has maintained an 'In-Line' rating on Essex Property Trust and raised its price target from $268 to $283.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:40 pm

Truist Securities has maintained a Hold rating on Essex Property Trust while raising the price target from $282 to $294.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 1:54 pm

Essex Property Trust (NYSE:ESS) received mixed analyst ratings, with a recent increase in average 12-month price targets. Analysts have raised their ratings and price targets, reflecting positive sentiment. The company shows strong financial health with above-average revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 8:00 pm

Piper Sandler has maintained an Overweight rating on Essex Property Trust and raised its price target from $315 to $355.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 3:38 pm

Scotiabank analyst Nicholas Yulico has maintained a Sector Outperform rating on Essex Property Trust and raised the price target from $290 to $309.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:33 pm

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