Truist analyst Michael Lewis raised the firm’s price target on Essex Property Trust to $250 from $247 and keeps a Buy rating on the shares as part of a broader research note previewing 2023 for the REIT group. The sector offers "attractive valuations" relative to broader equities and private real estate and also given a downward sloping forward interest rate curve later this year, the analyst tells investors in a research note.
Published first on TheFly
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