Truist analyst Michael Lewis raised the firm’s price target on Essex Property Trust (ESS) to $304 from $292 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its models to reflect all information received since Q4 results in the sector, including any disclosed January/February portfolio results, along with its updated market rent growth forecasts and the latest overnight financing rate and 10-year Treasury yield curves, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESS:
- Essex Property Trust price target raised to $304 from $292 at Truist
- Essex Property Trust price target raised to $314 from $300 at Mizuho
- Essex Property Trust raises annual dividend 4.9%
- Essex Property Trust price target raised to $304 from $302 at Barclays
- Positive Growth Outlook for Essex Property Trust Amid Market Recovery and Strategic Acquisitions