Truist Financial analyst Michael Lewis maintained a Hold rating on Essex Property (ESS – Research Report) today. The company’s shares closed yesterday at $246.25.
Lewis covers the Real Estate sector, focusing on stocks such as Highwoods Properties, AvalonBay, and Essex Property. According to TipRanks, Lewis has an average return of 7.1% and a 61.90% success rate on recommended stocks.
Essex Property has an analyst consensus of Hold, with a price target consensus of $249.32, implying a 1.25% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $244.00 price target.
The company has a one-year high of $252.69 and a one-year low of $196.41. Currently, Essex Property has an average volume of 396.4K.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESS in relation to earlier this year. Most recently, in March 2024, Thomas E. Robinson, a Director at ESS sold 2,781.00 shares for a total of $678,341.52.
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Essex Property (ESS) Company Description:
Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.
Read More on ESS:
- Is ESS a Buy, Before Earnings?
- Essex Property Trust price target lowered to $255 from $259 at Truist
- Essex Property Trust upgraded to Buy from Neutral at BofA
- Essex Property Trust price target lowered to $259 from $276 at Truist
- Essex acquires JV partner’s 49.9% interest in BEXAEW portfolio for $505M
