Essex Property Trust (NYSE:ESS) has received an increased
price target from Morgan Stanley, Scotiabank, UBS Group, and Wedbush, indicating a positive outlook. Meanwhile, Mitsubishi UFJ Asset Management, Victory Capital Management, Natixis Advisors, and New York Life Investment Management have expanded their stakes in ESS. Moreover, ESS continues to outperform its competitors, and its Q3 profits and revenues surpassed estimates. Despite this, brokerages have issued a 'hold' rating for the firm. The company's quarterly dividends continue to be released, while it has reported strong trading days and a new
12-month high. However, Massachusetts Financial Services and Boston Partners have sold a significant number of ESS shares. Furthermore, ESS's annual ESG report has been published, and it did acquire a joint venture partner's interest in four communities comprising 1480 apartment homes. Lastly, ESS's FY2024 EPS estimates have been increased by analysts, raising its potential future profitability.
Essex Property Trust ESS News Analytics from Fri, 30 Jun 2023 07:00:00 GMT to Thu, 16 May 2024 17:17:13 GMT -
Rating 6
- Innovation 1
- Information 6
- Rumor -4
