Essex Property Trust, Inc. (NYSE:ESS) has experienced a
decrease in stakes by Truist Financial Corp and the Swiss National Bank, however, their
relative strength index (RSI) is improving. The company has
outperformed Q4 FFO and Revenue estimates, and even amid overall market underperformance, the ESS stock shows positive movement. Analysts have raised the EPS estimate for Q2 2024 along with significant price target raises by Wedbush and Stifel Nicolaus. ESS has hit a
new 1-year high multiple times, indicating a positive investor sentiment but has some disparities on performance compared to competitors.
Van ECK Associates Corp and Kestra Private Wealth Services have purchased more shares in the company, despite overall underperformance in the market. Earnings Reports for Q1 and Q2 have resulted in positive metrics, beating estimates. With ESS's stock rating
being upgraded by StockNews and Wedbush, this shows gaining market confidence. Potential weakness in ESS' stock may be temporary due to their strong fundamentals. In terms of
ESG efforts, ESS published its sixth annual ESG report, highlighting its commitment to sustainable business practices. Maintaining a mix of acquisitions and sell-offs, ESS has acquired the interest in four communities comprising of 1480 apartment homes. ESS's Q4 earnings have been a mixed bag, while they are expected to outperform the Q1 2024 earnings. Despite some negative assessments, ESS continues to be a compelling choice for dividend-focused investors, with
consistent dividend growth over the last 30 years.
Essex Property Trust ESS News Analytics from Sat, 29 Jul 2023 07:00:00 GMT to Tue, 07 May 2024 15:47:01 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 2
