Essex Property Trust (ESS) is due to make an appearance at the upcoming
Citigroup Real Estate Conference. In recent trading, ESS managed to outperform its competitors. Various organizations have altered their positions in ESS. For instance, the
Bank of New York Mellon Corp sold 54,127 shares and
Alberta Investment Management Corp took up a new position in the company. Several analysts and research firms have been expressing their views on ESS, with
Bank of America raising its price target to $314, and Zacks Research expressing an optimistic outlook on the firm's Q1 earnings.
Significantly, ESS announced an increase in its quarterly dividends to $2.57 per share, further solidifying its status as a
dividend aristocrat. Further, the company managed to beat estimates for its Q4 earnings, reporting impressive revenue growth. ESS stock received an uplift from IBD ratings and is considered a top ranked SAFE dividend stock. The firm's performance, particularly its continuous streak of
dividend hikes, suggests limited housing supply may lead to further company growth.
Essex Property Trust ESS News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Sat, 01 Mar 2025 12:58:40 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -4
