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

UBS analyst Michael Goldsmith maintains a Neutral rating on Essex Property Trust (NYSE:ESS) and raises the price target from $261 to $283.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:52 pm

Foreign investment in U.S. homes has dropped to its lowest in 15 years due to high prices and low supply. This trend marks the seventh consecutive yearly decline. The U.S. real estate market is affected by high inflation and rising mortgage rates, which have reduced the supply of homes. Anticipation of a potential Fed rate cut has already caused a slight improvement in mortgage applications. Real estate companies and ETFs focused on the residential sector may see short-term impacts.

Portfolio Pulse from Natan Ponieman

July 17, 2024 | 7:00 pm

Piper Sandler analyst Alexander Goldfarb has reiterated an Overweight rating on Essex Property Trust (NYSE:ESS) and maintained a price target of $315.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 5:35 pm

Truist Securities analyst Michael Lewis maintains a Hold rating on Essex Property Trust (NYSE:ESS) and raises the price target from $255 to $282.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:24 pm

Analysts have provided mixed ratings for Essex Property Trust (NYSE:ESS) over the past quarter, with a notable increase in the average 12-month price target to $268.1. The company has shown strong financial performance, including a 3.52% revenue growth rate, a net margin of 63.88%, and a return on equity of 4.97%.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 7:01 pm

JP Morgan analyst Anthony Paolone maintains a Neutral rating on Essex Property Trust (NYSE:ESS) and raises the price target from $244 to $265.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:05 pm

Four real estate stocks, Essex Property Trust (ESS), InnSuites Hospitality Trust (IHT), Iron Mountain (IRM), and National Storage Affiliates Trust (NSA), are showing overbought signals with high RSI values, indicating potential short-term price declines.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 12:55 pm

Scotiabank analyst Nicholas Yulico maintains a Sector Outperform rating on Essex Property Trust (NYSE:ESS) and raises the price target from $283 to $285.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 2:03 pm

Multiple stocks on the New York Stock Exchange, including Berkshire Hathaway and Chipotle, experienced sudden trading halts due to technical issues. The NYSE is investigating the issue, which caused significant price drops in some stocks.

Portfolio Pulse from Piero Cingari

June 03, 2024 | 2:37 pm

Wells Fargo analyst James Feldman has maintained an Equal-Weight rating on Essex Property Trust (NYSE:ESS) and raised the price target from $232 to $269.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:18 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.