The investment activities revolving around Essex Property Trust, Inc. (ESS) have been very active with both structuring and realignment occurring. Entities such as GAMMA Investing LLC, the Czech National Bank, and PNC Financial Services Group Inc. have modified their positions. Despite some instances where ESS has underperformed compared to rivals, the entity shows a promising portfolio. ESS shares were bought by Wellington Management Group LLP and Mather Group LLC, displaying investor confidence. Meanwhile, Goldman Sachs Group Inc and Vanguard Group Inc lessened their stakes. Its Price Target was raised to $265.00, whilst there were suggestions ESS would be a sensible Dividend Aristocrat. It succeded in surpassing Q1 FFO and Revenue Estimates and there's a sustainable practice driving returns. It also acquired a joint venture partner's interest in numerous community properties. However, the firm also saw some selling activity from shareholders like Options Solutions LLC and Public Employees Retirement Association of Colorado. Furthermore, ESS conducted a $350 million Senior Notes Offering and was appointed an average recommendation of “Hold” by brokerages.
Essex Property Trust ESS News Analytics from Wed, 19 Aug 2020 01:06:14 GMT to Sun, 23 Jun 2024 06:06:23 GMT - Rating 2 - Innovation -2 - Information 7 - Rumor -6
