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Equities researchers at Jefferies Group hoisted their target price on shares of Essex Property Trust (NYSE:ESS) from $187.00 to $195.00 in a research report issued on Monday. Jefferies Group’s price objective indicates a potential upside of 2.68% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Essex Property Trust from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $214.00 price target on the stock, up previously from $188.00. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Essex Property Trust in a research note on Tuesday, August 12th. They now have a $190.00 price target on the stock, up previously from $170.00. Finally, 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, August 8th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $175.27.

Essex Property Trust (NYSE:ESS) opened at 189.91 on Monday. Essex Property Trust has a 1-year low of $137.53 and a 1-year high of $193.92. The stock has a 50-day moving average of $188.9 and a 200-day moving average of $176.0. The company has a market cap of $12.056 billion and a price-to-earnings ratio of 65.07.

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 $7.32 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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