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Essex Property (ESS) was Upgraded to a Buy Rating at Raymond James

Raymond James analyst Buck Horne upgraded Essex Property (ESSResearch Report) to Buy today and set a price target of $300.00. The company’s shares closed last Wednesday at $275.47.

According to TipRanks.com, Horne is a 4-star analyst with an average return of 6.9% and a 58.6% success rate. Horne covers the Financial sector, focusing on stocks such as Mid-America Apartment, NexPoint Residential, and CatchMark Timber.

Essex Property has an analyst consensus of Moderate Buy, with a price target consensus of $302.71, implying an 8.9% upside from current levels. In a report issued on July 20, Piper Sandler also maintained a Buy rating on the stock with a $320.00 price target.

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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 473.8K.

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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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