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Essex Property Trust ESS - News Analyzed: 3,841 - Last Week: 100 - Last Month: 497

⇑ Essex Property Trust ESS Proves Resilient in a Volatile Market; Reports Strong Earnings and Reveals Growth Potential

Essex Property Trust ESS Proves Resilient in a Volatile Market; Reports Strong Earnings and Reveals Growth Potential
Essex Property Trust (NYSE:ESS) continues to impress investors as it hits a new 52-week high at $258.67 and consistently outperforms its competitors during strong trading days.
Besides, the company's quarterly earnings surpassed estimates while the sixth annual ESG report was released. On the downside, the company's stocks underperformed in comparison to its competitors on some days.
Performing exceedingly well, ESS has attracted multiple stakes from banks such as Amalgamated Bank and firms like Savant Capital. Even though the Federated Hermes and Sigma Planning Corp sold their shares, the company saw new stakes from institutions like Kestra Private Wealth Services and Van ECK Associates Corp.
Price targets have been raised by institutions such as Wedbush and Piper Sandler. Notably, the company published their Q1 2024 earnings call transcript. Moreover, the company forecasted its FY2024 Earnings at $15.30 Per Share and revised the '24 view after Q1 revenues beat expectations.
The company also expanded its portfolio with a $505 million buyout and announced its 30th consecutive annual dividend increase, demonstrating strong fundamentals and growth potential.

Essex Property Trust ESS News Analytics from Sat, 29 Jul 2023 07:00:00 GMT to Fri, 10 May 2024 01:15:42 GMT - Rating 8 - Innovation 0 - Information 9 - Rumor 5

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