Compass Point Reaffirms Neutral Rating on Essex Property Trust (ESS)

By admin | 6 years ago

Essex Property Trust (NYSE: ESS)‘s stock had its “neutral” rating reaffirmed by Compass Point in a research note issued on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Essex Property Trust from $161.00 to $169.00 in a research note to investors on Tuesday, May 15th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Essex Property Trust in a research note to investors on Monday, May 7th. Finally, analysts at Raymond James (NYSE: RJF) downgraded shares of Essex Property Trust from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, May 4th.

Essex Property Trust traded down 0.41% on Wednesday, hitting $151.37. Essex Property Trust has a 1-year low of $111.25 and a 1-year high of $161.53. The company has a market cap of $5.330 billion and a price-to-earnings ratio of 92.46.

Essex Property Trust last released its earnings data on Wednesday, May 2nd. The company reported $1.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.60 by $0.03. On average, analysts predict that Essex Property Trust will post $1.69 earnings per share next quarter.

Essex Property Trust, Inc. (Essex) operates as a self-administered and self-managed real estate investment trust (REIT).

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