Essex Property Trust, Inc. (NYSE:ESS) has been a subject of multiple financial transactions. The shares of the company have been sold by several organizations, including KBC Group NV, Principal Financial Group Inc., and Teacher Retirement System of Texas. Despite being downgraded to Neutral from Overweight by JPMorgan and to Sell by Wall Street Zen, the company exhibited resilience amidst rental market uncertainty. Its Q1 FFO and revenues surpassed estimates, and it was also upgraded to 'Outperform' by Raymond James Financial. Several institutions, such as Wealth Enhancement, Achmea Investment, and Sumitomo Mitsui Trust Group, have increased their stakes in ESS. It has published the 2024 Sustainability and Impact report and announced a $2.57 dividend across a 62,000-Unit Portfolio. The firm provided steady dividends making it a compelling option for investors. However, challenges persist with the west coast real estate market and an uncertain tech sector.
Essex Property Trust ESS News Analytics from Mon, 28 Jun 2021 07:00:00 GMT to Sat, 05 Jul 2025 20:17:16 GMT -
Rating 4
- Innovation -2
- Information 7
- Rumor -3
