Essex Property Trust (NYSE:ESS) has shown substantial market performance, significantly outperforming competing stocks on many trading days. Morgan Stanley, Scotiabank, and UBS Group have all raised price targets to varying extents, with Piper Sandler setting an impressive $315.00. The company also hit a new 12-month high following its dividend announcement and saw further increase following an analyst upgrade. It has declared quarterly distributions and plans to issue a quarterly dividend of $2.45. The ESS Q3 and Q1 reports showed positive results, with FFO and Revenues beating estimates. ESS also published its sixth annual ESG report. Despite being sold by Heartland Advisors, National Bank of Canada FI, Boston Partners, and Sigma Planning Corp, Apexium Financial LP, Truist Financial Corp, First Trust Direct Indexing L.P., Victory Capital Management Inc., and Natixis Advisors L.P have acquired shares. ESS shares showed improved relative strength, despite sales by some directors. It also recently acquired a Joint Venture Partner's interest in four communities comprising 1480 apartments. Q4 earnings and full-Year 2023 results were mixed, while 2024 guidance provided. The company is set to present at the 2024 Citigroup Global Property CEO Conference.
Essex Property Trust ESS News Analytics from Wed, 19 Aug 2020 01:06:14 GMT to Fri, 17 May 2024 21:13:00 GMT -
Rating 6
- Innovation 0
- Information 8
- Rumor -4
