Essex Property Trust (ESS) has reported above expected Q3 FFO (funds from operations) and revenues. However, on some days it underperformed in comparison to its competitors.
New York State Teachers Retirement System hold $17.34 million in ESS stocks and
abrdn plc holds $41.51 million. Due to a strong quarter, Essex has raised their guidance for 2024. It's speculated that there might be a spike in ESS stock according to the options market. ESS Q3 2024 earnings call highlighted a strong performance and raised guidance due to a strong quarter. An $1.84 EPS was recorded, exceeding estimations and their Q4 earnings guidance was updated. DekaBank Deutsche, State of Alaska Department of Revenue and Vest Financial LLC reduced their holdings in Essex while ORG Wealth Partners purchased 2,050 shares and First Citizens Bank & Trust Co. bought some shares. Essex CEO sold over $2.2 million in company stock.
Essex Property Trust upgraded to 'Buy', however, it was downgraded to 'Market Perform' from 'Outperform' at Raymond James. Momentum and growth stock investors are showing interest in ESS. Earnings for the third quarter and nine months ended September 30, 2024 have been reported and the company has declared quarterly distributions. ESS stock is outperforming competitors on strong trading days.
Essex Property Trust ESS News Analytics from Fri, 29 Jun 2018 01:38:43 GMT to Sat, 02 Nov 2024 08:44:12 GMT -
Rating 5
- Innovation -2
- Information 8
