Capital One Financial Corp. Initiates Coverage on Essex Property Trust (ESS)
Analysts at Capital One Financial Corp. assumed coverage on shares of Essex Property Trust (NYSE:ESS) in a research report issued to clients and investors on Tuesday. The firm set an “equal weight” rating on the stock.
A number of other analysts have also recently weighed in on ESS. 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, August 19th. 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, August 18th. 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. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $175.73.
Shares of Essex Property Trust (NYSE:ESS) opened at 194.10 on Tuesday. Essex Property Trust has a one year low of $137.53 and a one year high of $194.94. The stock has a 50-day moving average of $190.6 and a 200-day moving average of $178.4. The company has a market cap of $12.322 billion and a price-to-earnings ratio of 66.34.
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 $7.35 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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