Cantor Fitzgerald upgraded shares of Essex Property Trust (NYSE:ESS) from a hold rating to a buy rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have $177.50 target price on the stock, up from their previous target price of $171.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a hold rating on shares of Essex Property Trust in a research note to investors on Friday, September 13th. They now have a $165.00 price target on the stock, down previously from $180.00. Separately, analysts at Cowen and Company cut their price target on shares of Essex Property Trust from $185.00 to $165.00 in a research note to investors on Thursday, September 12th. They now have an outperform rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Essex Property Trust from $158.00 to $168.00 in a research note to investors on Monday, August 12th. They now have a sector perform rating on the stock. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Essex Property Trust currently has an average rating of Buy and an average target price of $166.86.
Shares of Essex Property Trust (NYSE:ESS) traded up 0.41% on Friday, hitting $150.87. 33,020 shares of the company’s stock traded hands. Essex Property Trust has a one year low of $136.38 and a one year high of $172.16. The stock’s 50-day moving average is $148. and its 200-day moving average is $155.8. The company has a market cap of $5.738 billion and a P/E ratio of 49.82.
Essex Property Trust (NYSE:ESS) last released its earnings data on Wednesday, July 31st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.01. During the same quarter in the previous year, the company posted $1.66 earnings per share. On average, analysts predict that Essex Property Trust will post $7.77 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.21 per share. This represents a $4.84 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 26th.
Essex Property Trust, Inc (NYSE:ESS) operates as a self-administered and self-managed real estate investment trust (REIT).
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