Analysts Conflicted on These Real Estate Names: Crown Castle (CCI) and Essex Property (ESS)
Analysts have been eager to weigh in on the Real Estate sector with new ratings on Crown Castle (CCI – Research Report) and Essex Property (ESS – Research Report).
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Crown Castle (CCI)
In a report released today, Michael Funk from Bank of America Securities maintained a Buy rating on Crown Castle. The company’s shares closed last Thursday at $81.42.
According to TipRanks.com, Funk is ranked #11682 out of 12040 analysts.
Currently, the analyst consensus on Crown Castle is a Moderate Buy with an average price target of $100.23, which is a 25.7% upside from current levels. In a report issued on January 21, KeyBanc also maintained a Buy rating on the stock with a $115.00 price target.
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Essex Property (ESS)
In a report released today, Michael Lewis from Truist Financial maintained a Hold rating on Essex Property. The company’s shares closed last Thursday at $251.22.
According to TipRanks.com, Lewis is a 5-star analyst with an average return of
Essex Property has an analyst consensus of Hold, with a price target consensus of $281.85, representing a 12.7% upside. In a report issued on January 27, Wells Fargo also maintained a Hold rating on the stock with a $268.00 price target.
