Share on StockTwits

Essex Property Trust (NYSE:ESS) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the company, AnalystRatings.Net reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $170.40.

Essex Property Trust (NYSE:ESS) traded up 0.16% during mid-day trading on Tuesday, hitting $188.58. 15,648 shares of the company’s stock traded hands. Essex Property Trust has a 52 week low of $137.53 and a 52 week high of $193.92. The stock’s 50-day moving average is $188.3 and its 200-day moving average is $175.1. The company has a market cap of $11.749 billion and a price-to-earnings ratio of 64.57.

Essex Property Trust (NYSE:ESS) last released its earnings data on Wednesday, August 6th. The company reported $1.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.64 by $0.08. During the same quarter in the prior year, the company posted $1.88 earnings per share. Analysts expect that Essex Property Trust will post $7.38 EPS for the current fiscal year.

A number of analysts have recently weighed in on ESS shares. Analysts at MLV & Co
raised their price target on shares of Essex Property Trust from $4.00 to $195.00 in a research note on Friday. Separately, 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, August 7th. They now have a “buy” rating on the stock. Finally, 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.

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.