Evercore ISI lowered the firm’s price target on Essex Property Trust (ESS) to $279 from $283 and keeps an In Line rating on the shares. Q3 “wasn’t kind” to residential REITs as job market jitters and declining mortgage rates dampened enthusiasm for new leases in apartments and single family rentals, the analyst tells investors in an earnings preview for the group.
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Read More on ESS:
- Essex Property Trust price target raised to $280 from $279 at Wells Fargo
- Essex Property Trust initiated with an Overweight at Cantor Fitzgerald
- Essex Property Trust price target lowered to $297 from $298 at Barclays
- Essex Property Trust downgraded to Neutral from Outperform at BNP Paribas Exane
- Essex Property Trust price target raised to $283 from $279 at Evercore ISI