Essex Property Trust, Inc. (ESS) has seen significant movements lately including multiple acquisitions of its shares by Swedbank AB, Boston Partners, Bessemer Group, and more, demonstrating increased investor interest. With boosted core FFO guidance after Q2 beat, consistent surpasses of estimates, and raising of its revenue forecast, the company is clearly performing well, potentially making it a strong choice for growth stocks. However, despite daily gains and its recent performance, ESS has been underperforming when directly compared to competitors on certain days. Still, analysts are bullish with their price targets, as seen by hikes from RBC Capital and Stifel Nicolaus. The overall market sentiment is positive with ESS seeing an RS rating jump and setting a new 52-week high. Interestingly, Essex Property recently acquired a joint venture partner's interest in four communities, adding 1,480 apartment homes to their portfolio. Despite these positives, ESS holds an average 'Hold' rating from brokerages, suggesting caution.
Essex Property Trust ESS News Analytics from Thu, 02 Feb 2023 08:00:00 GMT to Sun, 04 Aug 2024 14:31:42 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -5
