Essex Property Trust has been a strong performer this year with its stock up 16.1% YTD, with some expecting the rise to continue. However, it has been noted underperforming the market on several instances despite positive growth trends. Essex Property Trust maintains a 'hold' recommendation from analysts, and its third-quarter 2024 earnings are eagerly awaited. This comes after a positive SWOT analysis, which outlined promising market shifts in the west coast rental market.
Despite this, a decrease in stock holdings was reported by the Healthcare of Ontario Pension Plan Trust Fund.
RBC Capital increased the company's price target from $288 to $312. Current investors who bought in 20 years ago would have seen significant returns on their investment. The company offers stability as a 'Dividend Aristocrat' – firms known for their long history of increasing dividends. It recently priced an add-on offering of its
Senior notes due 2034 at $200 million with a re-offer yield of 5.110%. The company has recently seen multiple stock purchases by different investment entities, implying growing interest in its financial ventures.
Essex Property Trust ESS News Analytics from Sun, 05 Nov 2017 16:50:49 GMT to Fri, 11 Oct 2024 19:00:20 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor 5
