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 420 and 331 with the average target price sitting at 366.45. Given that the stocks previous close was at 344.89 this now indicates there is a potential upside of 6.3%. The 50 day moving average now sits at 330.6 and the 200 moving average now moves to 330.88. The company has a market capitalisation of $24,106m. Visit the company website at: https://www.essexapartmenthomes.com
The potential market cap would be $25,613m 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.
