RBC Capital Maintains Their Buy Rating on Essex Property (ESS)

In a report released yesterday, Brad Heffern from RBC Capital maintained a Buy rating on Essex Property (ESSResearch Report), with a price target of $374.00. The company’s shares closed last Thursday at $359.31, close to its 52-week high of $363.36.

Heffern has an average return of 17.2% when recommending Essex Property.

According to TipRanks.com, Heffern is ranked #139 out of 7935 analysts.

Currently, the analyst consensus on Essex Property is a Moderate Buy with an average price target of $366.88.

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Essex Property’s market cap is currently $24.24B and has a P/E ratio of 47.94.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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