Stifel raised the firm’s price target on Essex Property Trust (ESS) to $305.50 from $301.50 and keeps a Hold rating on the shares after the company reported Q2 core FFO of $4.03 per share, 2c above the firm’s estimate and 5c above the Street consensus. The firm is adjusting its estimates, noting that Essex also raised the midpoint of its guidance.
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Read More on ESS:
- Essex Property Trust reports Q2 core FFO $4.03, consensus $3.99
- Essex Property narrows FY25 core FFO view to $15.80-$16.02, consensus $15.94
- Essex Property Trust sees Q3 core FFO midpoint $3.94
- ESS Earnings this Week: How Will it Perform?
- Essex Property Trust price target lowered to $295 from $297 at UBS