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.
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- 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