Essex Property Trust Inc (NYSE:ESS) has been upgraded to Buy in a statement by Evercore ISI earlier today.
- Updated: November 28, 2016
Evercore ISI has upgraded Essex Property Trust Inc (NYSE:ESS) to Buy in a statement released on 11/28/2016.
Having a price of $212.83, Essex Property Trust Inc (NYSE:ESS) traded 1.19% higher on the day. With the last stock price down -2.64% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. ESS has recorded a 50-day average of $212.33 and a two hundred day average of $221.21. Trade Volume was down over the average, with 375,506 shares of ESS changing hands under the typical 419,292
Recent Performance Chart
Essex Property Trust Inc has PE ratio of 47.79 with a one year low of $191.25 and a one year high of $244.71 and has a market capitalization of $0.
A total of 24 brokerages have issued a ratings update on Essex Property Trust Inc. Four equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $245.46.
More About Essex Property Trust Inc (NYSE:ESS)
Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). The Company is engaged in the ownership, operation, management, acquisition, development and redevelopment of apartment communities. Its segments are Southern California, Northern California and Seattle Metro. The Company owns or holds an interest in over 250 communities, aggregating approximately 59,160 apartment homes, located along the West Coast, as well as over four commercial buildings (totaling approximately 319,080 square feet), and over eight active development projects with approximately 2,450 apartment homes in various stages of development. It invests primarily in apartment communities located in predominantly coastal markets within Southern California, the San Francisco Bay Area and the Seattle metropolitan area.
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