Essex Property Trust Inc. (ESS) has been generating mixed reactions in the market. The company's stock has underperformed on several instances compared to its competitors, despite daily gains and positive evaluations from analysts like Piper Sandler giving it an Overweight rating. Essential figures from the company such as CEO Angela L. Kleiman and Director Keith R. Guericke have sold significant numbers of shares, creating skeptic flushes in the market.
However, several investment groups have increased their stakes in ESS. These include notable names like Hazelview Securities Inc., Wellington Management Group LLP, and Fisher Asset Management LLC. Truist Financial uplifted ESS's price target to $282.00, which was later increase by other financial institutions like JPMorgan Chase & Co. and Scotiabank, setting it to $265.00 and $285.00 respectively.
On the earnings front, ESS reported mixed results for the Q4 and full-year 2023 and has issued guidance for 2024. Although some experts believe the purchasing window has closed and that the stock is potentially in a downtrend, others suggest a trend reversal may be around the corner.
Essex Property Trust ESS News Analytics from Fri, 21 Jul 2023 07:00:00 GMT to Sun, 30 Jun 2024 15:37:02 GMT - Rating -1 - Innovation -2 - Information 7 - Rumor -5
