Essex Property Trust (ESS) has recently experienced a variety of changes. Wall Street Zen downgraded it to 'Sell' with ESS underperforming the real estate sector. After the Federal Reserve's interest rate cut plus a sector shift, a reevaluation of ESS valuation is being conducted. Despite increased scrutiny, ESS Q1 report shows a robust performance with $345M in acquisitions. Moreover, it received the average rating of 'Hold' from the brokerage. ESS holds strong California exposure, providing benefits in a weak rental market. Additional coverage includes the strong performance highlighted in Q2 2025 earnings call and indication of steady dividend. However, ESS stocks saw a 0.3% drop since the last earnings report. Despite the dip, there's anticipation of potential rebound, as evidenced by an increase of various share purchases. Shares from AG2R, Amundi, and MBB Public Markets I LLC have boosted positions in ESS. However, some shares sold by large-scale investors like IFM Investors Pty Ltd and Pensionfund DSM Netherlands. Furthermore, ESS received recognition as a Best Company to Work For by U.S. News & World Report, and demonstrating dedication to dividend payout. Lastly, The Zacks Analyst Blog highlighted ESS, revealing an increasing Y/Y revenue and a price target adjustment by JP Morgan and Goldman Sachs.
Essex Property Trust ESS News Analytics from Tue, 09 Jan 2024 08:00:00 GMT to Sat, 27 Sep 2025 04:56:18 GMT -
Rating 0
- Innovation -7
- Information 8
- Rumor -2
