Essex Property Trust, Inc. with ticker code (ESS) have now 20 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 273 and 195 calculating the mean target price we have $238.05. Given that the stocks previous close was at $208.34 this would imply there is now a potential upside of 14.3%. There is a 50 day moving average of $221.60 and the 200 moving average now moves to $237.83. The total market capitalization for the company now stands at $13,953m. You can visit the company’s website by visiting: https://www.essexapartmenthomes.com
The potential market cap would be $15,943m based on the market consensus.
Essex Property Trust, Inc., 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.
The company has a dividend yield of 4.44% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 33.22, revenue per share of 25.09 and a 2.6% return on assets.
