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Piper Sandler Sticks to Their Hold Rating for Essex Property (ESS)

Tipranks - Tipranks - Tue Jan 6, 5:52AM CST

Piper Sandler analyst Alexander Goldfarb maintained a Hold rating on Essex Property today and set a price target of $275.00.

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Goldfarb covers the Real Estate sector, focusing on stocks such as SL Green Realty, AvalonBay, and SITE Centers. According to TipRanks, Goldfarb has an average return of 2.1% and a 49.09% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Essex Property with a $283.75 average price target.

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Based on Essex Property’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $473.3 million and a net profit of $164.62 million. In comparison, last year the company earned a revenue of $450.7 million and had a net profit of $118.42 million

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