Essex Property Trust Price Target Increased to $205.00 by Analysts at Cowen and Company (ESS)
Analysts at Cowen and Company raised their price objective on shares of Essex Property Trust (NYSE:ESS) from $5.00 to $205.00 in a research report issued to clients and investors on Tuesday. Cowen and Company’s target price points to a potential upside of 6.97% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Essex Property Trust from $187.00 to $195.00 in a research note on Monday. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $175.73.
Shares of Essex Property Trust (NYSE:ESS) traded down 0.04% during mid-day trading on Tuesday, hitting $191.58. 52,601 shares of the company’s stock traded hands. Essex Property Trust has a 1-year low of $137.53 and a 1-year high of $193.92. The stock’s 50-day moving average is $189.1 and its 200-day moving average is $176.5. The company has a market cap of $12.162 billion and a P/E ratio of 65.72.
Essex Property Trust (NYSE:ESS) last released its earnings data on Wednesday, August 6th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.08. During the same quarter in the previous year, the company posted $1.88 earnings per share. Analysts expect that Essex Property Trust will post $7.39 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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