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.
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Read More on ESS:
- Essex Property Trust price target raised to $304 from $292 at Truist
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- 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
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