Evercore ISI analyst Steve Sakwa raised the firm’s price target on Essex Property Trust to $218 from $216 and keeps an In Line rating on the shares. The firm is rolling forward its valuation framework in its real estate coverage to capture an additional year of earnings growth, rolling forward its AFFO estimates from 2024 to 2025 and adjusting its price targets accordingly.
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Read More on ESS:
- Essex Property Trust price target lowered to $225 from $226 at Stifel
- Essex Property upgraded to Market Perform from Underperform at BMO Capital
- Essex Property Trust price target lowered to $232 from $244 at Wells Fargo
- Essex Property Trust sees Q4 core FFO $3.78-$3.85
- Essex Property Trust narrows FY23 core FFO $14.94-$15.06 from $14.88-$15.12
