Essex Property Trust, Inc. (NYSE:ESS) has been a focus of multiple analyst recommendations, with an average rating of "Hold". Despite daily losses, the company's stock continues to perform well against competitors. ESS revealed a strong Q3 2024 performance, driving an increase in several holdings including those by
Vinva Investment Management Ltd,
Martingale Asset Management L P, among others. However,
Fisher Asset Management LLC and
Daiwa Securities Group Inc. made significant divestments from ESS. The company has also seen dramatic buying activity from
Waterfront Capital Partners LLC,
BNP Paribas Financial Markets, and
ING Groep NV. ESS had an impressive Q3, topping both
FFO and revenue estimates. This strong financial performance has led to an increase in its 2024 revenue forecast. Additionally, Essex has successfully completed a
$200 Million Add-On offering of Senior Notes due 2034. In terms of stock analysis, ESS has performed strongly, despite shifts in the west coast REIT market. The short interest is also noteworthy. Recent executive leadership changes and a revised outlook for 2024 indicates promise for ESS's future. Despite valuation concerns, the real estate market and investment community still view ESS favorably. The company has solidified diversity, equity, and inclusion commitments into its management strategy.
Essex Property Trust ESS News Analytics from Fri, 29 Jun 2018 01:38:43 GMT to Sat, 30 Nov 2024 11:30:55 GMT -
Rating 0
- Innovation -5
- Information 8
- Rumor 3