There have been several developments surrounding the Essex Property Trust, Inc. (NYSE:ESS). Several large stakeholders have adjusted their positions in the company, including Avantax Advisory Services, UBS Group AG, and Panagora Asset Management Inc. Moreover, Q2 FFO and revenues have exceeded estimates. Notable market research companies like Zacks and Morgan Stanley have revised their EPS estimates and price targets for the corporation. Despite some underperformance compared to competitors on a few trading days, the company's shares have reached a new 12-month high following a dividend announcement. Essex Property Trust made significant acquisitions, including a joint venture partner's interest in four communities, comprising 1480 apartment homes. Furthermore, the property price targets have also been revised upwards by Scotiabank and Wedbush Securities. The company is evidently making strides to enhance its portfolios, as evidenced by their recent $505 million buyout.
Essex Property Trust ESS News Analytics from Thu, 02 Feb 2023 08:00:00 GMT to Sat, 25 May 2024 18:38:12 GMT - Rating 6 - Innovation -2 - Information 7 - Rumor -4
