Essex Property Trust Inc. (NYSE:ESS) has seen significant attention from investment firms and analysts recently. Vanguard Group Inc. and UBS Group raised their
stock positions and increased ESS's price target to $283.00, indicating a bullish outlook. BNP PARIBAS, Centersquare Investment, and Mutual of America Capital Management have also bolstered their stock holdings, while KCM Investment Advisors and Sumitomo Mitsui Trust Holdings reduced theirs.
Oppenheimer Asset Management made new acquisitions, purchasing 1,194 shares of ESS. The trust’s stock performance has had high volatility, at times underperforming but also often outperforming competitors. ESS’s price target was raised further to $260.00 by Evercore ISI and $267.00 by Stifel Nicolaus in response to its strong financial performance. While ESS’s Q1 2024 earnings call was recently held, solid fundamentals resulted in the retention of its stock target and Overweight rating. Moreover, ESS divulged plans to acquire four communities, comprising 1,480 apartment homes, indicating a major expansion. These developments, combined with a raised full-year guidance for 2024, position ESS as a strong investment option.
Essex Property Trust ESS News Analytics from Wed, 14 Mar 2012 07:00:00 GMT to Sun, 21 Jul 2024 23:09:17 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -3
