Royal Bank of Canada and Sophron Capital Management L.P. have increased their stakes in Essex Property Trust, Inc., along with several other financial institutions. However, Mizuho and Piper Sandler have revised and lowered their price targets for ESS amidst leasing concerns. Additional sources have made pessimistic estimates for ESS earnings, adding a note of caution. Simultaneously, Essex reports some positive activity. The company secured new financial agreements and increased its dividend. They've performed well in Q1, surpassing estimates, and enacted a sizeable real estate move with a $712M bet on Northern California growth markets. Observations suggest a rising ESS stock price, despite Deutsche Bank AG selling a significant number of its shares. Essex also reported strong performance in Q1 2025, with acquisitions amounting to $345M. Their first quarter 2025 earnings release has been announced, along with their presentation at 2025 Citigroup Global Property CEO Conference. Predictions reveal a buoyant Q1 core FFO, supported by growth in same-store revenue and lower interest expense. It's worth noting the RS Rating climb to 74 and the existence of potential windfalls from LA wildfire recovery efforts.
Essex Property Trust ESS News Analytics from Thu, 16 Mar 2023 07:00:00 GMT to Sat, 24 May 2025 12:43:54 GMT -
Rating -1
- Innovation -3
- Information 4
- Rumor 0
