Barclays Reaffirms Their Hold Rating on Essex Property (ESS)
In a report released today, Richard Hightower from Barclays maintained a Hold rating on Essex Property, with a price target of $271.00.
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According to TipRanks, Hightower is an analyst with an average return of -0.4% and a 48.85% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Diamondrock, Invitation Homes, and Park Hotels & Resorts.
In addition to Barclays, Essex Property also received a Hold from Wells Fargo’s James Feldman in a report issued on March 2. However, on March 4, Scotiabank 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
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- Essex Property Trust price target lowered to $271 from $292 at Barclays
- Essex Property Trust price target lowered to $278 from $284 at Scotiabank
- Essex Property Trust price target raised to $281 from $279 at Baird
- Essex Property Trust downgraded to Market Perform from Outperform at Raymond James
- Essex Property Trust raises annual dividend 0.8% to $10.36 per share
