Truist lowered the firm’s price target on Essex Property Trust (ESS) to $295 from $304 and keeps a Hold rating on the shares after its Q1 results. The firm is projecting roughly average earnings growth for the REIT relative to the rest of its apartment REIT coverage universe over the next three and five years, the analyst tells investors in a research note.
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Read More on ESS:
- Essex Property Trust price target raised to $344 from $329 at Scotiabank
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- Essex Property Trust Reports Q1 2025 Results