Barclays Increases Essex Property Trust Price Target to $196.00 (ESS)
Research analysts at Barclays increased their price objective on shares of Essex Property Trust (NYSE:ESS) from $184.00 to $196.00 in a report released on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ target price indicates a potential upside of 3.05% from the company’s current price.
Shares of Essex Property Trust (NYSE:ESS) traded down 0.48% on Monday, hitting $190.19. The stock had a trading volume of 146,316 shares. Essex Property Trust has a 1-year low of $137.53 and a 1-year high of $191.22. The stock’s 50-day moving average is $184.1 and its 200-day moving average is $170.7. The company has a market cap of $11.889 billion and a P/E ratio of 48.66.
Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $2.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.97 by $0.23. During the same quarter last year, the company posted $1.87 earnings per share. Analysts expect that Essex Property Trust will post $7.29 EPS for the current fiscal year.
ESS has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Essex Property Trust from $186.00 to $189.00 in a research note on Friday, June 20th. They now have an “overweight” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Essex Property Trust from $175.00 to $200.00 in a research note on Monday, June 9th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Essex Property Trust from $168.00 to $188.00 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $163.44.
Essex Property Trust, Inc (NYSE:ESS) operates as a self-administered and self-managed real estate investment trust (REIT).
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