Evercore ISI analyst Steve Sakwa lowered the firm’s price target on Essex Property Trust (ESS) to $271 from $279 and keeps an In Line rating on the shares. The firm is updating models for all apartment REITs in its coverage, focusing on trends from Q3 results and a more cautious demand outlook for FY26.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESS:
- Essex Property Trust’s Earnings Call Highlights Mixed Sentiment
- Essex Property Trust Reports Strong Q3 2025 Performance
- Essex Property: Strong Q3 Performance and Strategic Positioning Justify Buy Rating
- Essex Property Trust reports Q3 core FFO $3.97, consensus $3.96
- Essex Property Trust sees Q4 core FFO $3.93-$4.04, consensus $4.01