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Essex Property Trust price target raised to $226 from $219 at Barclays
The Fly

Essex Property Trust price target raised to $226 from $219 at Barclays

Barclays analyst Anthony Powell raised the firm’s price target on Essex Property Trust to $226 from $219 and keeps an Underweight rating on the shares. Following the Q4 earnings, the analyst believes it is important for apartment real estate investment trust investors to have exposure to New York City, citing "strong" rent growth outlook and moderate supply growth in 2023.

Published first on TheFly

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