Essex Property Trust has been subject to multiple key transactions and financial changes. Recent activity in ESS stock includes various institutions scaling down or enlarging their stakes in the corporation. For instance,
OVERSEA CHINESE BANKING Corp Ltd and
National Pension Service have reduced their stock positions, while firms like
Boston Partners and
Vestcor Inc have increased theirs. Several executives, including
CEO Angela Kleiman and
EVP Morrison, have made significant share sales. Essex's performance in Q4 2024 has demonstrated robust growth, with earnings and revenue exceeding estimates, which led to reaching the 80-plus Relative Strength Rating Benchmark. The stock also outperformed competitors on a strong trading day. Essex's recent debt restructuring includes the pricing of
$400 Million of Senior Notes, contributing to the stock's positive momentum. The outlook remains optimistic, as suggested by the lifted IBD rating and analysts' forecasts for strong price appreciation. Key factors that might affect its future include underperformance compared to the S&P 500, the potential impact of LA wildfires, and its dividend growth streak. The Q1 forecast for Essex was also raised by an analyst, signaling continued confidence in the company's performance.
Essex Property Trust ESS News Analytics from Fri, 21 May 2021 07:00:00 GMT to Sat, 22 Mar 2025 21:41:25 GMT -
Rating 2
- Innovation 1
- Information 8
- Rumor -3
