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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 $344 from $329 at Scotiabank
- Essex Property Trust price target raised to $328 from $303 at Barclays
- Essex Property Trust price target lowered to $321 from $322 at BofA
- Essex Property Trust price target lowered to $309 from $311 at RBC Capital
- Essex Property Trust Reports Q1 2025 Results