Essex Property Trust Inc. (ESS) has been in the spotlight due to a mix of significant events and market assessments. One of the major highlights from Q1 2025 entails a strong performance. Despite posting a lower FFO in Q1, the core FFO was buoyed by same-store revenue growth and interest expense. On the downside, RBC Capital has reduced their price target for ESS, an action mirrored by several other investors. The ESS price has seen some fluctuations, with new 52-week lows being set. Nevertheless, optimism persists amid challenges faced. Several institutional investors like Landmark Investment Partners and Adage Capital Partners have heavily invested, while others such as First Trust Advisors and BI Asset Management have sold their ESS shares. ESS's overall performance has surpassed EPS estimates, which has led to a favorable view from analysts, despite a consensus 'hold' rating. Finally, there has been major activity in terms of ESS's transactions, with numerous shares sold and purchased. The stock retains steady demand due to Essex's West Coast apartment portfolio.
Essex Property Trust ESS News Analytics from Tue, 03 Dec 2024 08:00:00 GMT to Sat, 03 May 2025 20:05:07 GMT -
Rating 0
- Innovation -7
- Information 8
- Rumor -4
