As previously reported, Evercore ISI analyst Steve Sakwa downgraded Essex Property Trust to In Line from Outperform with a price target of $236, down from $243. The firm didn’t make any material changes to revenue or NOI growth across the apartment or single-family rental space as part of its Q1 residential REIT preview note, but it is downgrading Essex to In Line given adverse regulatory changes and additional tech job losses.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ESS:
- Essex Property Trust downgraded to In Line from Outperform at Evercore ISI
- Essex Property Trust initiated with an Underweight at Wells Fargo
- Essex Property Trust price target raised to $255 from $250 at Truist
- Essex Property Trust price target raised to $226 from $219 at Barclays
- Essex Property Trust raises annual dividend 5%