Essex Property Trust with ticker code (ESS) now have 22 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 351 and 247 calculating the mean target price we have 310.59. Given that the stocks previous close was at 246.8 this would imply there is a potential upside of 25.8%. The 50 day moving average now sits at 271.05 and the 200 day moving average is 303.71. The market cap for the company is $16,548m. Visit the company website at: https://www.essexapartmenthomes.com
The potential market cap would be $20,825m 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.
