Essex Property Trust (ESS) Announces Quarterly Results
Essex Property Trust (NYSE:ESS) announced its earnings results on Friday. The company reported $1.94 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.95 by $0.01, StockRatingsNetwork.com reports.
Shares of Essex Property Trust (NYSE:ESS) opened at 156.37 on Friday. Essex Property Trust has a 52-week low of $137.53 and a 52-week high of $172.16. The stock’s 50-day moving average is $149.0 and its 200-day moving average is $153.5. The company has a market cap of $5.948 billion and a price-to-earnings ratio of 34.74.
ESS has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of Essex Property Trust from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. They now have a $165.00 price target on the stock. On a related note, analysts at MLV Capital cut their price target on shares of Essex Property Trust from $173.00 to $161.00 in a research note to investors on Friday, December 20th. They now have a “hold” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Essex Property Trust from $170.00 to $160.00 in a research note to investors on Friday, December 20th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Essex Property Trust presently has an average rating of “Buy” and an average target price of $170.41.
Essex Property Trust, Inc (NYSE:ESS) operates as a self-administered and self-managed real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.