Essex Property Trust – Consensus Indicates Potential 23.8% Upside

Broker Ratings
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Essex Property Trust found using ticker (ESS) now have 22 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 400 and 340 calculating the average target price we see 366.27. Given that the stocks previous close was at 295.97 this is indicating there is a potential upside of 23.8%. There is a 50 day moving average of 338.64 while the 200 day moving average is 334.35. The company has a market cap of $19,370m. Find out more information at: https://www.essexapartmenthomes.com

The potential market cap would be $23,971m 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.

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