Essex Property Trust Price Target Increased to $195.00 by Analysts at MLV & Co (ESS)
Equities researchers at MLV & Co
raised their price objective on shares of Essex Property Trust (NYSE:ESS) from $4.00 to $195.00 in a research report issued on Friday. MLV & Co
‘s price target indicates a potential upside of 3.97% from the stock’s previous close.
A number of other analysts have also recently weighed in on ESS. Analysts at ISI Group raised their price target on shares of Essex Property Trust from $5.00 to $202.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Mizuho initiated coverage on shares of Essex Property Trust in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Essex Property Trust from $159.00 to $187.00 in a research note on Tuesday, July 22nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Essex Property Trust has a consensus rating of “Hold” and an average target price of $170.40.
Essex Property Trust (NYSE:ESS) opened at 187.55 on Friday. Essex Property Trust has a 52 week low of $137.53 and a 52 week high of $193.92. The stock has a 50-day moving average of $188.0 and a 200-day moving average of $174.7. The company has a market cap of $11.724 billion and a P/E ratio of 47.82.
Essex Property Trust (NYSE:ESS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.64 by $0.08. During the same quarter last year, the company posted $1.88 earnings per share. Analysts expect that Essex Property Trust will post $7.42 EPS for the current fiscal year.
Essex Property Trust, Inc (NYSE:ESS) operates as a self-administered and self-managed real estate investment trust (REIT).
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