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

Over the past 3 months, 8 analysts have published their opinion on Essex Property Trust (NYSE:ESS) stock. The average 12-month price target for the stock is $258.75, with a high of $280.00 and a low of $244.00. This average price target has increased by 5.21% over the past month.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 1:00 pm

Citigroup analyst Michael Bilerman has downgraded Essex Property Trust (NYSE:ESS) from Buy to Neutral and lowered the price target from $280 to $260.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:33 am

Truist Securities analyst Michael Lewis has downgraded Essex Property Trust (NYSE:ESS) from Buy to Hold, while raising the price target from $255 to $266.

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 11:35 am

Citigroup has maintained its Buy rating for Essex Property Trust (NYSE:ESS) and increased its price target from $250.00 to $280.00. Essex Property Trust's shares are currently trading at $234.24, up 0.47% over the last 24 hours. A move to $280.00 would represent a 19.54% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:00 pm

Citigroup analyst Michael Bilerman maintains a Buy rating on Essex Property Trust (NYSE:ESS) and raises the price target from $250 to $280.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 2:59 pm

Over the last quarter, Essex Property Trust (NYSE:ESS) received 1 somewhat bullish, 5 indifferent, and 1 somewhat bearish rating from analysts. The company's average 12-month price target is $245.21, a 3.74% increase from the previous average of $236.36. Analysts' ratings are based on research of company financial statements, conference calls, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:00 pm

JP Morgan analyst Anthony Paolone maintains a Neutral rating on Essex Property Trust (NYSE:ESS) and raises the price target from $252 to $268.

Portfolio Pulse from richadhand@benzinga.com

August 21, 2023 | 2:35 pm

Wells Fargo analyst James Feldman has upgraded Essex Property Trust (NYSE:ESS) from Underweight to Equal-Weight and raised the price target from $208 to $247.

Portfolio Pulse from richadhand@benzinga.com

August 10, 2023 | 12:08 pm

RBC Capital analyst Brad Heffern maintains an Outperform rating on Essex Property Trust (NYSE:ESS) and raises the price target from $249 to $255.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 2:25 pm

Essex Property Trust (NYSE:ESS) reported Q2 earnings of $3.77 per share, a 2.45% increase YoY. The company also reported quarterly sales of $416.04 million, beating the analyst consensus estimate of $413.66 million by 0.58%.

Portfolio Pulse from bharat@benzinga.com

July 27, 2023 | 8:19 pm

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