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

290.34

Mkt cap

19B

Volume

579K

High

295.80

P/E Ratio

25.59

52-wk high

317.73

Low

289.08

Div yield

0.03

52-wk low

230.90

Wells Fargo analyst James Feldman has maintained an Equal-Weight rating on Essex Property Trust (NYSE:ESS) while raising the price target from $269 to $314.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:48 pm

Essex Property Trust has announced a public offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110%. These notes will be issued under the same indenture as the previously issued $350 million of 5.500% senior notes due 2034.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 9:59 pm

Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Essex Property Trust (NYSE:ESS) and raises the price target from $285 to $290.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:41 pm

Wedbush analyst Richard Anderson maintains a Neutral rating on Essex Property Trust (NYSE:ESS) and raises the price target from $264 to $301.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:36 pm

RBC Capital analyst Brad Heffern maintains an Outperform rating on Essex Property Trust (NYSE:ESS) and raises the price target from $284 to $288.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 3:24 pm

Analysts' ratings for Essex Property Trust (NYSE:ESS) over the last quarter show a range of sentiments from bullish to bearish. The average 12-month price target has increased by 6.75% to $275.53. Recent analyst actions include several rating raises and price target adjustments, reflecting positive sentiment towards the company. Essex Property Trust has shown strong financial performance with notable revenue growth, high net margin, and efficient debt management.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 6:00 pm

Stifel analyst Simon Yarmak maintains a Hold rating on Essex Property Trust (NYSE:ESS) and raises the price target from $267 to $268.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:36 pm

Essex Property Trust (NYSE:ESS) reported Q2 2024 sales of $442.355 million, surpassing the analyst consensus estimate of $431.822 million by 2.44%. This marks a 6.32% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:46 pm

Essex Property Trust (ESS) has revised its FY24 Core FFO outlook from a range of $15.03 - $15.43 to $15.38 - $15.62, with an estimate of $15.39.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:43 pm

Essex Property Trust (NYSE:ESS) reported Q2 2024 Core FFO of $3.94 per share, beating the analyst consensus estimate of $3.85 by 2.34%. This represents a 4.51% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:17 pm

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