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

Truist Securities analyst Michael Lewis has maintained a Hold rating on Essex Property Trust (NYSE:ESS) and increased the price target from $260 to $276.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 7:09 pm

Mizuho analyst Vikram Malhorta has maintained a Neutral rating on Essex Property Trust (NYSE:ESS) and increased the price target from $232 to $256.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 3:59 pm

Essex Property Trust (NYSE:ESS) has received mixed analyst ratings over the past three months, with a recent trend towards bullishness. The average 12-month price target is $245.2, up from $237.00, with a high estimate of $281.00 and a low of $225.00. Analysts from Jefferies, Truist Securities, Stifel, BMO Capital, and RBC Capital have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Essex Property Trust has shown a revenue growth rate of 2.3% as of September 30, 2023, but faces challenges with a net margin below industry averages and an ROA that is also below industry standards. However, its ROE is impressive at 1.57%, and its debt-to-equity ratio is conservative at 1.13.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 7:01 pm

Jefferies analyst Linda Tsai upgraded Essex Property Trust (NYSE:ESS) from Hold to Buy and increased the price target from $215 to $281.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 11:13 am

Truist Securities analyst Michael Lewis has maintained a Hold rating on Essex Property Trust (NYSE:ESS) and reduced the price target from $266 to $260.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 6:27 pm

Stifel analyst Simon Yarmak has maintained a Hold rating on Essex Property Trust (NYSE:ESS) but has lowered the price target from $226 to $225.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 6:57 pm

Analysts have provided various ratings for Essex Property Trust (NYSE:ESS) within the last quarter, with 1 bullish, 1 somewhat bullish, and 7 indifferent. The average price target is $246.89, implying an upside from the current price of $210.88. This average represents a 1.02% decrease from the previous average price target of $249.43.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 1:00 pm

BMO Capital analyst John Kim has upgraded Essex Property Trust (NYSE:ESS) from Underperform to Market Perform and set a price target of $225.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 12:07 pm

Shares of REITs are trading higher amid a decline in US Treasury yields, which has lifted dividend-paying stocks in Friday's session.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:36 pm

RBC Capital analyst Brad Heffern maintains an 'Outperform' rating on Essex Property Trust (NYSE:ESS) but lowers the price target from $241 to $235.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 5:43 pm

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