Essex Property Trust, Inc. (NYSE:ESS) has been gaining strength in the stock market with repeated instances of outperforming its competitors, as indicated by numerous reports. This has attracted substantial interest from several asset and investment management firms, including
Tower Research Capital LLC TRC, 1832 Asset Management L.P., Cibc World Markets Corp, and TD Asset Management Inc among others, resulting in them increasing their shareholdings. Despite some sporadic underperformances, the overall sentiment from brokerages seems to be a general consensus of \"
Hold\". The company recently declared its
quarterly distributions and acquired a joint venture partner's interest in four communities comprising of
1480 apartment homes. Recent
Earnings Call Transcripts for Q1 2024 indicate healthy financial performance and high-revenue estimates. The company has also been involved in a $350 million senior notes offering.
Q1 results suggest a beat in
FFO and
revenue estimates, even leading to a price target increase to $269.00.
Essex Property Trust ESS News Analytics from Fri, 21 Jul 2023 07:00:00 GMT to Sun, 09 Jun 2024 14:56:42 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
