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Essex Property Trust (NYSE:ESS) shares hit a new 52-week high during trading on Thursday , American Banking and Market News reports. The stock traded as high as $194.94 and last traded at $193.27, with a volume of 131,966 shares traded. The stock had previously closed at $193.33.

A number of analysts have recently weighed in on ESS shares. Analysts at Cowen and Company raised their price target on shares of Essex Property Trust from $5.00 to $205.00 in a research note on Tuesday. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Essex Property Trust currently has a consensus rating of “Hold” and an average target price of $175.73.

The stock has a 50-day moving average of $189.5 and a 200-day moving average of $177.. The company has a market cap of $12.282 billion and a P/E ratio of 66.30.

Essex Property Trust (NYSE:ESS) last announced its earnings results 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 $7.35 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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