Essex Property Trust (NYSE:ESS) is demonstrating a significant upward momentum according to various reports. The trust's new price target has been set at
$285.00 by Scotiabank, following a series of superior performance days when compared to its competitors. The buying window has reportedly closed due to ESS' consistent success, with the recent record for a one-year high reaching
$273.10. Multiple entities have altered their holdings in Essex, including Options Solutions LLC and Nomura Holdings Inc., which sold and purchased shares, respectively.
Scotiabank,
Options Solutions LLC, and
Heitman Real Estate Securities LLC are among top company's that have either trimmed or increased their stakes in ESS. Despite occasional underperformances, ESS' general trend of out-competition persists. Essex's shares have been acquired by
Rafferty Asset Management LLC while shares have been sold off by Northern Trust Corp and Public Employees Retirement Association of Colorado. Companies offering equity ratings have generally labeled the trust as a 'Hold'. The property trust recently undertook a joint venture to acquire the interest of four communities comprising
1480 homes. The trust's Q1 2024 earnings call reflects beneficial figures, further convincing investors of its triumphant outlook.
Essex Property Trust ESS News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sat, 15 Jun 2024 19:43:10 GMT -
Rating 8
- Innovation 1
- Information 6
- Rumor -1
