Essex Property Trust found using ticker (ESS) now have 22 analysts covering the stock with the consensus suggesting 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 307.18. Given that the stocks previous close was at 280.83 this indicates there is a potential upside of 9.4%. There is a 50 day moving average of 270.16 and the 200 day MA is 318.21. The market capitalisation for the company is $19,285m. Company Website: https://www.essexapartmenthomes.com
The potential market cap would be $21,095m 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.
