Essex Property Trust Inc. has recently outperformed competitors despite a mixed trading week.
Third Quarter 2024 results showed
Strong Performance, leading to an increase in its
RS Rating and declaration of
Quarterly Distributions. A number of holdings changed, with entities such as
National Pension Service,
Sumitomo Mitsui Trust Group Inc increasing their stakes, while
Victory Capital Management Inc. and
Mizuho Markets Americas LLC reduced theirs. ESS's
earnings,
FFO, and
revenues surpassed estimates and the company
Upgraded to Buy, leading to a 16.7% rise in stock in six months. Predictions for
FY2025 Earnings have also been made by research analysts. But notes of caution were given with the
Negative Outlook for ESS Q3 Earnings from Zacks Research.
Essex Property Trust also raised $200 million through an add-on offering of
Senior Notes Due 2034. New executive appointments were also announced. The company was represented in a
$350 Million Senior Notes Offering adding to its financial strength. The stock outlook remains largely positive amongst Wall Street analysts, despite some underperformance in daily gains.
Essex Property Trust ESS News Analytics from Tue, 19 May 2015 14:39:23 GMT to Sat, 23 Nov 2024 07:52:31 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -4
