Essex Property Trust with ticker code (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 351 and 247 calculating the mean target price we have 311.86. Given that the stocks previous close was at 296.99 this would indicate that there is a potential upside of 5.0%. The 50 day MA is 271.16 and the 200 moving average now moves to 317.11. The company has a market capitalisation of $20,116m. Company Website: https://www.essexapartmenthomes.com
The potential market cap would be $21,123m 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.
