Essex Property Trust (ESS) News Today

Essex Property Trust (NYSE: ESS) shares have edged lower as multiple analysts trimmed their price targets, although Raymond James bucked the trend with an upgrade that could offer some support.

• Positive Sentiment: Raymond James upgraded ESS from Market Perform to Outperform, reflecting increased confidence in the REIT’s growth outlook. Raymond James Upgrade
• Negative Sentiment: Morgan Stanley cut its price target on Essex Property Trust to $285 from $304 and kept an Equal Weight rating, dialing back expected upside. Morgan Stanley Target Cut
• Negative Sentiment: Truist Financial reduced its target to $283 from $295 and maintained a Hold rating, signaling lower confidence in near-term gains. Truist Financial Target Cut
• Negative Sentiment: Barclays lowered its price objective to $298 from $335 and kept an Equal Weight stance, trimming its outlook on the stock. Barclays Target Cut
• Negative Sentiment: Evercore ISI dropped its price target to $279 from $285 with an In-Line rating, reducing growth expectations for the REIT. Evercore ISI Target Cut