Essex Property Trust – Consensus Indicates Potential 2.0% Upside

Broker Ratings

Essex Property Trust with ticker code (ESS) have now 19 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 310 and 230 and has a mean target at 281.26. Now with the previous closing price of 275.8 this would indicate that there is a potential upside of 2.0%. The 50 day moving average now sits at 272.98 while the 200 day moving average is 242.66. The market cap for the company is $17,929m. Visit the company website at: http://www.essexapartmenthomes.com

Essex Property Trust, an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

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