Essex Property Trust with ticker code (ESS) now have 22 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 351 and 247 and has a mean target at 312.86. Now with the previous closing price of 278.38 this indicates there is a potential upside of 12.4%. There is a 50 day moving average of 276.08 and the 200 day MA is 311.23. The market capitalisation for the company is $18,071m. You can visit the company’s website by visiting: https://www.essexapartmenthomes.com
The potential market cap would be $20,309m 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.
