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Analysts Are Neutral on These Real Estate Stocks: Essex Property (ESS), Nexus Real Estate Investment (EFRTF)

Tipranks - Tue Mar 10, 6:42AM CDT

Analysts fell to the sidelines weighing in on Essex Property (ESSResearch Report) and Nexus Real Estate Investment (EFRTFResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Essex Property (ESS)

In a report released today, Michael Lewis from Truist Financial maintained a Hold rating on Essex Property, with a price target of $273.00. The company’s shares closed last Friday at $255.13.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 8.7% and a 61.6% success rate. Lewis covers the NA sector, focusing on stocks such as SmartStop Self Storage REIT, Inc., American Healthcare REIT, Inc., and Easterly Government Properties. ;'>

Currently, the analyst consensus on Essex Property is a Hold with an average price target of $279.62, a 9.2% upside from current levels. In a report issued on February 27, Raymond James also downgraded the stock to Hold.

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Nexus Real Estate Investment (EFRTF)

BMO Capital analyst Michael Markidis reiterated a Hold rating on Nexus Real Estate Investment yesterday and set a price target of C$8.00. The company’s shares closed last Friday at $5.64.

According to TipRanks.com, Markidis is a 5-star analyst with an average return of 11.6% and a 71.0% success rate. Markidis covers the NA sector, focusing on stocks such as Choice Properties Real Estate Investment, RioCan Real Estate Investment, and Boardwalk REIT. ;'>

Currently, the analyst consensus on Nexus Real Estate Investment is a Moderate Buy with an average price target of $6.26, a 10.8% upside from current levels. In a report released yesterday, TipRanks – xAI also downgraded the stock to Hold with a C$8.00 price target.

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