Essex Property Trust ESS has been a topic of mixed discussion in the financial market.
American International Group Inc. along with
Natixis and
Toronto Dominion Bank have decreased their stock positions in the company. However, it's observed that
Canada Pension Plan Investment Board and
Intech Investment Management LLC maintain a large stock position.
Empowered Funds LLC and
Forsta AP Fonden have recently acquired shares, which show signs of a bullish market. ESS set a
new 52-week high at $292.37, indicating the trust's strong performance. Major investments firms such as
UBS Group and
Mitsubishi UFJ Trust & banking Corp suggests a higher price target for the trust. ESS's earnings transcended Q1 FFO and revenue estimates, driving increased interest. Its stock has outperformed competitors on several strong trading days. Yet there are suggestions that despite its financial performance, ESS's stock may be overvalued. Nevertheless, the company continues to innovate with sustainable practices driving sustainable returns and publishing its sixth annual ESG report. The trust recently acquired a Joint Venture Partner’s interest in four communities comprising 1,480 apartment homes.
Essex Property Trust ESS News Analytics from Fri, 01 Oct 2021 07:00:00 GMT to Sun, 28 Jul 2024 14:34:42 GMT -
Rating 1
- Innovation -3
- Information 7
- Rumor 3
