In a report issued on June 23, Wes Golladay from Robert W. Baird maintained a Hold rating on Essex Property (ESS – Research Report), with a price target of $308.00. The company’s shares closed last Monday at $266.25, close to its 52-week low of $250.62.
According to TipRanks.com, Golladay is a 5-star analyst with an average return of 7.1% and a 60.7% success rate. Golladay covers the Financial sector, focusing on stocks such as National Storage Affiliates, National Retail Properties, and Four Corners Property.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Essex Property with a $314.60 average price target.
The company has a one-year high of $363.36 and a one-year low of $250.62. Currently, Essex Property has an average volume of 413.4K.
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Essex Property Trust, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.
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