UBS Sticks to Their Hold Rating for Essex Property (ESS)
UBS analyst Michael Goldsmith maintained a Hold rating on Essex Property today and set a price target of $274.00.
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According to TipRanks, Goldsmith is a 3-star analyst with an average return of 4.0% and a 60.54% success rate. Goldsmith covers the Real Estate sector, focusing on stocks such as Omega Healthcare, Cubesmart, and Equity Residential.
In addition to UBS, Essex Property also received a Hold from Piper Sandler’s Alexander Goldfarb in a report issued yesterday. However, on February 6, RBC Capital maintained a Buy rating on Essex Property (NYSE: ESS).
Based on Essex Property’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $479.63 million and a net profit of $83.4 million. In comparison, last year the company earned a revenue of $454.47 million and had a net profit of $257.45 million
Read More on ESS:
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- Essex Property Trust Earnings Call: Strength With Caution
- Essex Property Trust price target lowered to $278 from $290.75 at Stifel
- ESS Upcoming Earnings Report: What to Expect?
- Essex Property Trust price target raised to $292 from $290 at Barclays
- Essex Property downgraded to Market Perform from Outperform at BMO Capital
