Essex Property Trust (NYSE:ESS) has been highlighted in recent news due to various aspects like stock performance, earnings report, executive changes, and distribution deals. Significant institutions like First Citizens Bank & Trust and Claro Advisors have increased their shareholding in ESS, reflecting a sense of confidence in the property trust’s financial performance. Meanwhile, ORG Partners sold a portion of the ESS shares, yet ORG Wealth Partners purchased around the same amount. Financial analyst services like Zacks and RBC Capital show a bullish outlook, with the latter raising its price target from $288 to $312. Essex Property Trust has improved its revenue forecast for 2024 and announced promising Q2 2024 earnings, beating EPS and revenue. Substantial transactions like a $900 million equity distribution deal and senior notes offerings of $200 million and $350 million underscore the scale of business. However, the company's stock has occasionally been outperforming the market, indicating market volatility. Notably, Essex Property Trust has demonstrated commitment to Diversity, Equity, and Inclusion (DEI).
Essex Property Trust ESS News Analytics from Mon, 28 Jun 2021 07:00:00 GMT to Sat, 19 Oct 2024 13:39:31 GMT -
Rating 6
- Innovation 1
- Information 7
- Rumor -4
