에 대한 최신 뉴스 Essex Property Trust (NYSE:ESS) 주식

Essex Property Trust

Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

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뉴욕 증권 거래소(NYSE)의 여러 주식들은 기술적 문제로 인해 월요일 동부 표준시 오전 9시 40분 이후 갑자기 거래가 중단되었다. 이번 예상치 못한 거래 중단은 일반적으로 단일 주식의 과도한 변동성을 억제하는 데 사용되는 &#34;상향 한도(Limit Up)/하향 한도(Limit Down)&#34; 코드로 분류된 기술적 문제로 인해 촉발되었다.

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JP Morgan analyst Anthony Paolone downgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Neutral to Underweight and raises the price target from $297 to $303.

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Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades Essex Property Trust to Underweight, Raises Price Target to $303

Barclays analyst Anthony Powell initiates coverage on Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Equal-Weight rating and announces Price Target of $316.

Initiation

Barclays Initiates Coverage On Essex Property Trust with Equal-Weight Rating, Announces Price Target of $316

Guidance

Essex Property Trust Sees FY24 Core FFO $15.50-$15.62

Earnings

Essex Property Trust Q3 2024 Core FFO $3.91 Beats $3.88 Estimate

Raymond James analyst Buck Horne downgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Outperform to Market Perform.

Raymond James Downgrades Essex Property Trust to Market Perform

Essex Property Trust's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) short percent of float has risen 27.59% since its last report. The company recently reported that it has 869 thousand shares sold short, which is 1.85% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Essex Property Trust Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729262717_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Essex Property Trust has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Essex Property Trust's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Essex Property Trust's peer group average for short interest as a percentage of float is 3.65%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

Trading Ideas

Looking Into Essex Property Trust's Recent Short Interest

B of A Securities analyst Joshua Dennerlein downgrades Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) from Buy to Neutral and raises the price target from $307 to $321.

B of A Securities Downgrades Essex Property Trust to Neutral, Raises Price Target to $321

Scotiabank analyst Nicholas Yulico maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Sector Outperform and raises the price target from $309 to $329.

Scotiabank Maintains Sector Outperform on Essex Property Trust, Raises Price Target to $329

Evercore ISI Group analyst Steve Sakwa maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a In-Line and raises the price target from $283 to $287.

Evercore ISI Group Maintains In-Line on Essex Property Trust, Raises Price Target to $287

JP Morgan analyst Anthony Paolone maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Neutral and raises the price target from $265 to $297.

JP Morgan Maintains Neutral on Essex Property Trust, Raises Price Target to $297

Mid-America Apartment (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/maa#NYSE">MAA</a>) is poised to benefit from its well-diversified Sun Belt-focused portfolio. The prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion. A healthy balance sheet will support its growth endeavors despite an elevated supply of rental units and a high interest rate environment.
<h2>What&#39;s Aiding MAA?</h2>
Sunbelt-Focused Portfolio: MAA&#39;s portfolio is set to gain from healthy operating fundamentals. The pandemic accelerated employment shifts and population inflow into the company&#39;s markets as renters sought more business-friendly, low-taxed and low-density cities. These favorable long-term secular dynamic trends are increasing the desirability of its markets.
The high pricing of single-family ownership units in a high interest rate environment continues to drive the demand for rental apartments. Amid these positives, MAA is expected to continue maintaining a high level of occupancy in the upcoming period.
Moreover, per a September Update from MAA, both new lease pricing and occupancy for the quarter through Aug. 31 improved from the second quarter of 2024 despite supply pressures.
<img alt="Mid-America Apartment Communities, Inc." src="https://staticx-tuner.zacks.com/images/articles/charts/49/77197.jpg?v=400042492" style="border-style:solid; border-width:1px" />
Image Source: Mid-America Apartment Communities, Inc.
Our projection for average physical occupancy in 2024 is 95.6%. For 2025 and 2026, the average physical occupancy is expected to remain elevated at 95.9% and 96%, respectively. While we anticipate a 1.7% increase in total revenues, the metric will rise 2.9% and 6.1% year over year in 2025 and 2026, respectively.
Redevelopment &amp; Technology Initiatives: MAA continues to implement its three internal investment programs &mdash; interior redevelopment, property repositioning projects and Smart Home installations. These programs are likely to help the company capture the upside potential in rent growth, generate accretive returns and boost earnings from its existing asset base.
In the first half of 2024, MAA redeveloped 2,796 apartment homes. As of June 30, 2024, the total number of units with Smart Home technology reached more than 94,000 across its apartment community portfolio since the initiative&#39;s beginning in the first quarter of 2019. The company expects to complete the remaining few properties in 2024.
Along with the healthy operating fundamentals of the Sunbelt markets and a robust development pipeline, the prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion.
Balance Sheet Strength: MAA enjoys a solid balance sheet, with low leverage and ample availability under its revolving credit facility. As of June 30, 2024, MAA had a strong balance sheet with $1.0 billion of combined cash and available capacity under its unsecured revolving credit facility. It also has a low net debt/adjusted EBITDAre ratio of 3.7.
In the second quarter of 2024, it generated 95.9% unencumbered net operating income (NOI), providing the scope for tapping additional secured debt capital if required. Hence, the company is well-positioned to bank on growth scopes.
In addition, its trailing 12-month return on equity is 8.25% compared with the industry&#39;s average of 3.17%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
Attractive Dividend: Solid dividend payouts are arguably the biggest enticements for REIT shareholders, and MAA remains committed to that. In the last five years, MAA has increased its dividend seven times, and its five-year annualized dividend growth rate is 9.98%. Moreover, it has a lower dividend payout compared with the industry. Further, backed by healthy operating fundamentals, we expect its dividend distribution to be sustainable in the upcoming period.
Over the past three months, shares of this Zacks Rank #3 (Hold) company have risen 17%, outperforming the industry&#39;s growth of 13.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4a/77198.jpg?v=1643274172" />
Image Source: Zacks Investment Research
<h2>What&#39;s Hurting MAA?</h2>
Elevated Supply: The struggle to lure renters will persist as supply volumes are expected to remain elevated in many Sunbelt markets. This phenomenon is expected to put pressure on rent growth in the upcoming period. Furthermore, competition in the residential real estate market with various housing alternatives like manufactured housing, condominiums and the new and existing home markets is concerning. This affects the company&#39;s power to raise rent or increase occupancy as well as leads to aggressive pricing for acquisitions.
High Interest Expenses: A high interest rate environment is a concern for MAA. Elevated rates imply a high borrowing cost for the company, which will affect its ability to purchase or develop real estate. The company has a substantial debt burden, and its total debt as of June 30, 2024 was $4.7 billion. For 2024, our estimate indicates a 17.6% year-over-year increase in the company&#39;s interest expenses.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the broader REIT sector are Cousins Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuz#NYSE">CUZ</a>) and Essex Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Cousins Properties&#39; current-year FFO per share has been raised marginally over the past two months to $2.66.
The Zacks Consensus Estimate for Essex Property Trust&#39;s current-year FFO per share has moved northward marginally over the past month to $15.53.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2334104/solid-demand-boosts-mid-america-apartment-despite-supply-woes?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2334104">To read this article on Zacks.com click here.</a>

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Real Estate

Solid Demand Boosts Mid-America Apartment Despite Supply Woes

Deutsche Bank maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Hold and raises the price target from $240 to $308.

Deutsche Bank Maintains Hold on Essex Property Trust, Raises Price Target to $308

Goldman Sachs analyst Julien Blouin initiated coverage of several multifamily REITs and single-family rental REITs companies.
Initiating with a Buy rating, the analyst kept the price target for Invitation Homes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>) <a target="_blank" href="https://www.benzinga.com/quote/INVH/analyst-ratings" rel="noreferrer noopener">at $46</a>,&nbsp;&nbsp;Mid-America Apartment Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) <a target="_blank" href="https://www.benzinga.com/quote/MAA/analyst-ratings" rel="noreferrer noopener">at $187</a> and American Homes 4 Rent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMH#NYSE">AMH</a>) <a target="_blank" href="https://www.benzinga.com/quote/amh/analyst-ratings" rel="noreferrer noopener">at $48.</a>
The analyst says that for single-family REITs like AMH and INVH, strong demand driven by demographics, home affordability, and migratory trends is expected to lead to re-accelerating same-store revenue growth in 2025 and 2026 as competitive rental supply pressures ease.
In particular, the analyst expects AMH and INVH to experience the highest same-store revenue growth among their covered stocks in 2025. Additionally, Blouin says that AMH&#8217;s upcoming development projects will enable the company to achieve superior external growth.
On the other hand, Blouin started coverage at a Neutral rating on Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>), Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>), and Essex Property Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), with a price target of <a target="_blank" href="https://www.benzinga.com/quote/cpt/analyst-ratings" rel="noreferrer noopener">$139</a>, <a target="_blank" href="https://www.benzinga.com/quote/eqr/analyst-ratings" rel="noreferrer noopener">$81</a> and <a target="_blank" href="https://www.benzinga.com/quote/ess/analyst-ratings" rel="noreferrer noopener">$318</a>, respectively.
The analyst expects rent growth in ESS's markets to stay strong, driven by improving migration trends in the company's suburban areas (~60% of exposure based on GS estimates, 47% per CoStar).
However, they anticipate that EQR to encounter a significant supply challenge in its urban submarkets.
Apart from this, the analyst initiated coverage on UDR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>) at a Sell rating, <a target="_blank" href="https://www.benzinga.com/quote/UDR/analyst-ratings" rel="noreferrer noopener">with a price target of $42</a>.
For UDR, Blouin expects solid rent growth for UDR, driven by improving migration in suburban areas (~70% exposure per GS and UDR's estimates, ~50% according to CoStar). This will be partially offset by outmigration from urban areas (~30% of the portfolio).
Also, same-store expense growth is projected to be in the low 4% range, about 100 basis points above consensus, adds the analyst.
Overall, the analyst writes that in residential REIT sector, declining supply is creating a favorable growth environment. For Sunbelt multifamily REITs, while suburban migration is moderating, Blouin anticipates a sharper decline in supply, which will drive accelerating same-store revenue growth.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Analyst Color

INVH

Multifamily REITs Set For Revenue Boost As Supply Pressures Ease, Says Goldman Sachs

Goldman Sachs analyst Julien Blouin initiates coverage on Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Neutral rating and announces Price Target of $318.

Goldman Sachs Initiates Coverage On Essex Property Trust with Neutral Rating, Announces Price Target of $318

Shares of Essex Property Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>) have rallied 23.1% in the past six months, outperforming the industry&#39;s growth of 16.2%.
This residential REIT, which has a robust property base in the West Coast market, is poised to benefit from the healthy demand for its residential units. It is also banking on technology, scale and organizational capabilities to drive growth.
Analysts also seem bullish on this Zacks Rank #2 (Buy) stock. The Zacks Consensus Estimate for the company&#39;s 2024 FFO per share has been revised two cents upward over the past week to $15.53.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/76414.jpg?v=2100882721" />
Image Source: Zacks Investment Research
Let us now decipher the factors behind the surge in the stock price.
This residential REIT&#39;s substantial exposure to the West Coast market has offered ample scope to enhance its top line. The West Coast is home to several innovation and technology companies that drive job creation and income growth. The West Coast region has higher median household incomes, an increased percentage of renters than owners and favorable demographics.
With layoffs in the tech industry slowing and return to office gaining momentum, the West Coast markets are likely to see an increase in renter demand in the near term. Also, due to the high cost of homeownership amid high interest rates, the transition from renter to homeowner is difficult in its markets, making renting apartment units a more flexible and viable option.
Essex Property is also banking on its technology, scale and organizational capabilities to drive margin expansion across its portfolio and bring about operational efficiency by lowering costs. It is making good progress on the technology front, and leasing agents are becoming more productive by leveraging these tools. These efforts are likely to have an incremental effect on the top-line and bottom-line growth, positioning Essex Property to ride the growth curve.
<h2>ESS&#39; Balance Sheet Position</h2>
Essex Property maintains a healthy balance sheet and enjoys financial flexibility. As of July 26, 2024, the company had $1.1 billion of liquidity through an undrawn capacity on its unsecured credit facilities, cash, cash equivalents and marketable securities.
In the second quarter of 2024, its net debt-to-adjusted EBITDAre remained unchanged at 5.4X from the prior quarter. Over the years, it has made efforts to increase its unencumbered net operating income (NOI) to an adjusted total NOI, which stood at 93% at the end of the second quarter of 2024. With a high percentage of such assets, the company can access secured and unsecured debt markets and maintain availability on the line. With a solid liquidity position, the company is well-poised to ride its growth curve.
In addition, its trailing 12-month return on equity is 9.14% compared with the industry&#39;s average of 3.17%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
<h2>ESS&#39; Dividend Payouts</h2>
Solid dividend payouts are arguably the biggest attraction for REIT investors, and Essex Property has been steadily raising its payout. ESS has increased its dividend five times in the last five years, and its five-year annualized dividend growth rate is 4.34%. With a low dividend payout ratio, a solid operating platform and decent balance sheet strength, the dividend payment is expected to be sustainable over the long run.
<h2>Negatives Likely to Affect ESS Stock</h2>
However, the elevated supply of apartment units in some of the company&#39;s markets is likely to fuel competition and curb pricing power. A flexible working environment and high interest rates add to its woes.
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks from the retail REIT sector are Modiv Industrial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdv#NYSE">MDV</a>) and Equity Lifestyle Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/els#NYSE">ELS</a>). While Modiv Industrial sports a Zacks Rank #1 (Strong Buy) at present, Equity Lifestyle carries a Zacks Rank #2.
The Zacks Consensus Estimate for MDV&#39;s current-year FFO per share has been raised 6.5% over the past month to $1.32.
The Zacks Consensus Estimate for ELS 2024 FFO per share has moved marginally northward over the past two months to $2.91.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) &mdash; a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2330980/essex-property-rises-23-1-in-6-months-will-the-trend-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2330980">To read this article on Zacks.com click here.</a>

Small Cap

Essex Property Rises 23.1% in 6 Months: Will the Trend Last?

Raymond James analyst Buck Horne maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Outperform and raises the price target from $295 to $325.

Raymond James Maintains Outperform on Essex Property Trust, Raises Price Target to $325

Evercore ISI Group analyst Steve Sakwa maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a In-Line and raises the price target from $268 to $283.

Evercore ISI Group Maintains In-Line on Essex Property Trust, Raises Price Target to $283

Truist Securities analyst Michael Lewis maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Hold and raises the price target from $282 to $294.

Truist Securities Maintains Hold on Essex Property Trust, Raises Price Target to $294

In the latest quarter, 16 analysts provided ratings for Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Essex Property Trust, presenting an average target of $288.56, a high estimate of $355.00, and a low estimate of $260.00. Observing a 7.08% increase, the current average has risen from the previous average price target of $269.47. 
<img src="https://www.benzinga.com/files/images/story/2024/1724702425_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Essex Property Trust by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$355.00</td>
<td>$315.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$309.00</td>
<td>$290.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$314.00</td>
<td>$269.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$290.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Richard Anderson</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$301.00</td>
<td>$264.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$288.00</td>
<td>$284.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$268.00</td>
<td>$267.00</td>
</tr>
<tr>
<td>Michael Goldsmith</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$283.00</td>
<td>$261.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$267.00</td>
<td>$243.50</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$260.00</td>
<td>$254.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$315.00</td>
<td>$315.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$282.00</td>
<td>$255.00</td>
</tr>
<tr>
<td>Anthony Paolone</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$265.00</td>
<td>$244.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$285.00</td>
<td>$283.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$269.00</td>
<td>$232.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$266.00</td>
<td>$250.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Essex Property Trust. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Essex Property Trust compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Essex Property Trust's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Essex Property Trust's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ESS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Essex Property Trust analyst ratings.</a>
<h2>Unveiling the Story Behind Essex Property Trust</h2>
Essex Property Trust owns a portfolio of 254 apartment communities with over 62,000 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
<h3>Financial Milestones: Essex Property Trust's Journey</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Essex Property Trust showcased positive performance, achieving a revenue growth rate of 6.32% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: Essex Property Trust's net margin excels beyond industry benchmarks, reaching 21.0%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.68%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Essex Property Trust's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.73%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.16.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 16 Analyst Ratings Have To Say About Essex Property Trust

Piper Sandler analyst Alexander Goldfarb maintains Essex Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>) with a Overweight and raises the price target from $315 to $355.

Piper Sandler Maintains Overweight on Essex Property Trust, Raises Price Target to $355

Essex Property Trust: Limited Supply Enables Further Growth

Essex Property Trust declares $2.45 dividend

Real estate stocks slump despite rising December rate cut hopes

RBC Capital analyst Brad Heffern maintained a Buy rating on Essex Property (ESS – Research Report) yesterday and set a price target of $309.00. The...

RBC Capital Sticks to Its Buy Rating for Essex Property (ESS)

In a report released today, Adam Kramer from Morgan Stanley maintained a Hold rating on Essex Property (ESS – Research Report), with a price target...

Morgan Stanley Sticks to Their Hold Rating for Essex Property (ESS)

Mid-America Apartment Communities: Quality REIT With Rising Dividends

Barclays analyst Richard Hightower initiated coverage of Essex Property Trust (ESS) with an Equal Weight rating and $316 price target Published fir...

Essex Property Trust initiated with an Equal Weight at Barclays

Barclays initiated coverage of Essex Property Trust (ESS) with an Equal Weight rating and $316 price target The firm noted that nominal apartment r...

Barclays starts Essex Property at Equal Weight, notes SF apartment rent trends

Analysts fell to the sidelines weighing in on Agree Realty (ADC – Research Report) and Essex Property (ESS – Research Report) with neutral ratings,...

Analysts Are Neutral on Top Real Estate Stocks: Agree Realty (ADC), Essex Property (ESS)

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Compass (COMP – Research Report) and Essex Proper...

Analysts Offer Insights on Real Estate Companies: Compass (COMP) and Essex Property (ESS)

BBRE

COMP

CSGP

DFAR

FREL

INDS

JBGS

JPRE

KBWY

MORT

NETL

NURE

PPTY

RSPR

SCHH

SPRE

SRVR

USRT

VICI

XLRE

Press Releases

National Storage Affiliates Trust Announces the Election of Michael Schall to the Board of Trustees

Essex Property Trust Declares Quarterly Distributions

Essex Announces Release and Conference Call Dates for Its Second Quarter 2024 Earnings

Public Storage Appoints New Independent Trustee

Essex Announces Second Quarter 2024 Results and Raises Full-Year 2024 Guidance

Essex Property Trust Prices $200 Million Add-On Offering of its Senior Notes Due 2034 with a Reoffer Yield of 5.110%

Essex Announces Release and Conference Call Dates for Its Third Quarter 2024 Earnings

Essex Announces Third Quarter 2024 Results and Raises Full-Year 2024 Guidance

ASGN

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Apartment Inv & Mgmt

AvalonBay Communities

BRT Apartments

Clipper Realty

Camden Prop Trust

Center

Elme

Equity Residential Common Shares of Beneficial Interest

Equity Residential

Independence Realty Trust, Inc. Common Stock

Independence Realty Trust

Mid-America Apartment Communities, Inc. Common Stock

Mid-America Apartment

NexPoint Residential Trust, Inc. Common Stock

NexPoint Residential

Veris Residential

JP Morgan

Barclays

B of A Securities

Scotiabank

Evercore ISI Group

뉴욕 증권 거래소(NYSE)의 여러 주식들은 <a href="https://www.benzinga.com/topic/nyse">기술적 문제</a>로 인해 월요일 동부 표준시 오전 9시 40분 이후 갑자기 거래가 중단되었다.
이번 예상치 못한 거래 중단은 일반적으로 단일 주식의 과도한 변동성을 억제하는 데 사용되는 &#8220;상향 한도(Limit Up)/하향 한도(Limit Down)&#8221; 코드로 분류된 기술적 문제로 인해 촉발되었다.
NYSE는 보고된 기술적 문제를 조사 중이라고 밝혔다. NYSE 소유주인 인터콘티넨탈 익스체인지(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>)는 &#8220;추가 정보가 최대한 빨리 나올 것&#8221;이라고 밝혔다.
월요일에 급작스러운 거래 일시 중단을 당한 대기업들 중 일부는 동부 시간 오전 9시 50분 52초에 버크셔 해서웨이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)와 9시 44분 58초에 치폴레 멕시칸 그릴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>)이 포함됐다.
치폴레의 주가는 3,097달러에서 1,047달러로 66%의 갑작스럽고 극적인 하락을 경험했다. 해당 주식은 오전 10시 21분부터 거래를 재개했다.
오전 9시 49분, 워런 버핏이 소유한 버크셔 해서웨이의 주식은 훨씬 더 심각한 하락에 직면했다. 주가는 622,375달러에서 185.10달러로 99.7%라는 엄청난 폭락으로 거의 소멸될 뻔했다.
월요일의 NYSE 기술적 오작동은 미국 증권 거래소가 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39039375/t-1-settlement-era-on-trading-begins-what-you-need-to-know">1일 결제 기간</a>으로 전환된 지 불과 일주일 만에 발생했다.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-368052" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-1024x500.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03101722/image-4.png 1920w" alt="" width="1024" height="500" /></figure>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-368067" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-1024x500.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03102012/image-5.png 1920w" alt="" width="1024" height="500" /></figure>
<h3 class="wp-block-heading">다른 영향을 받은 주식들</h3>
월요일 뉴욕 증권거래소에서 일어난 급작스럽게 발생한 기술적 오류로 인해 영향을 받은 다른 주식들은 다음과 같다.
<ul>
<li>애벗 래버러토리스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</li>
<li>배릭 골드 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)</li>
<li>프랑코 네바다 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)</li>
<li>에섹스 프로퍼티 트러스트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>)</li>
<li>누스케일 파워 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>)</li>
<li>데스티니 테크 100 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>)</li>
<li>알트 디스럽티브 테크놀로지스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADRT#NYSE">ADRT</a>)</li>
<li>누보 몽드 그래파이트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMG#NYSE">NMG</a>)</li>
<li>보우헤드 스페셜티 홀딩스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOW#NYSE">BOW</a>)</li>
<li>방코 산탄데르-칠레 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSAC#NYSE">BSAC</a>)</li>
<li>로지스틱 프로퍼티 오브 더 아메리카스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>)</li>
<li>엑스페리 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPER#NYSE">XPER</a>)</li>
<li>ICL 그룹 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>)</li>
<li>텔레포니카 S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>)</li>
<li>트리니티 인더스트리즈 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRN#NYSE">TRN</a>)</li>
</ul>
이 기술적인 문제는 다음 NYSE-Arca 상장 상장지수펀드(ETF)의 거래에도 영향을 미쳤다.
<ul>
<li>Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>)</li>
<li>MAX S&amp;P 500 4x Leveraged ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPRO#NYSE">UPRO</a>)</li>
<li>JPMorgan Core Plus Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCPB#NYSE">JCPB</a>)</li>
<li>Global X MSCI Argentina ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARGT#NYSE">ARGT</a>)</li>
<li>Nationwide Nasdaq-100 Risk-Managed Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUSI#NYSE">NUSI</a>)</li>
<li>SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>)</li>
</ul>
또한 읽기: <a href="https://www.benzinga.com/news/24/06/39136240/koss-corp-tupperware-blackberry-shares-are-moving-monday-whats-going-on">코스, 타파웨어, 블랙베리 주식의 움직임: 무슨 일이?</a>
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Comments

Essex Property Trust

뉴스

에 대한 최신 뉴스 Essex Property Trust (NYSE:ESS) 주식

화요일, 6월 04, 2024

사람들이 또한 지켜본다

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파트너 / 기고자

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