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Essex Property Trust ESS - News Analyzed: 3,841 - Last Week: 100 - Last Month: 497

↑ 'Essex Property Trust ESS Continues to Show Promising Growth Despite Mixed Movements in Stock Ownership'

'Essex Property Trust ESS Continues to Show Promising Growth Despite Mixed Movements in Stock Ownership'
Essex Property Trust (ESS) has recently faced several significant transactions. While Sumitomo Mitsui Trust Holdings and Swedbank AB reduced their holdings, Cwm LLC and Advisors Asset Management Inc. increased their positions. Despite some stocks being sold, ESS still shows promising market leadership with an 84 RS rating. Several organizations, such as Wedbush, Royal Bank of Canada, and Scotiabank have continued to raise their price target for ESS. In terms of performance, ESS's Q2 FFO and revenues reportedly surpassed estimates, even resulting in a raised revenue forecast for 2024. To further bolster its portfolio, ESS acquired its Joint Venture Partner's interest in four communities and managed to ink a $900 million equity distribution deal. This all suggests ESS is a suitable consideration for a growth stock and even holds the title of being a dividend aristocrat. However, the window for buying has been suggested to have closed, indicating the ESS is currently overpriced.

Essex Property Trust ESS News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sun, 18 Aug 2024 20:10:10 GMT - Rating 7 - Innovation 2 - Information 8 - Rumor -5

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