Essex Property Trust found using ticker (ESS) have now 22 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 420 and 339 and has a mean target at 370.36. Given that the stocks previous close was at 332.9 this indicates there is a potential upside of 11.3%. There is a 50 day moving average of 345.3 and the 200 moving average now moves to 322.81. The market cap for the company is $21,514m. Company Website: https://www.essexapartmenthomes.com
The potential market cap would be $23,935m based on the market concensus.
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.
