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JMP Securities Reiterates Their Hold Rating on Essex Property (ESS)

In a report released today, Aaron Hecht from JMP Securities reiterated a Hold rating on Essex Property (ESSResearch Report). The company’s shares closed last Wednesday at $277.30.

According to TipRanks.com, Hecht is a 4-star analyst with an average return of 4.4% and a 50.0% success rate. Hecht covers the Financial sector, focusing on stocks such as Chicago Atlantic Real Estate ate Finance Inc, Innovative Industrial Properties, and Mid-America Apartment.

Essex Property has an analyst consensus of Moderate Buy, with a price target consensus of $301.41, representing a 10.6% upside. In a report issued on July 15, Morgan Stanley also maintained a Hold rating on the stock with a $270.00 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 470.1K.

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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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