Goldman Sachs initiated coverage of Essex Property Trust with a Neutral rating and $318 price target. The firm believes rent growth across Essex’s markets will remain solid but its location-based supply analysis suggests the company faces the least supply across its coverage. The analyst expects the company to be cautious in ramping up development activity.
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Read More on ESS:
- Essex Property Trust price target raised to $325 from $295 at Raymond James
- Essex Property Trust price target raised to $283 from $268 at Evercore ISI
- Essex Property Trust price target raised to $294 from $282 at Truist
- Essex Property Trust price target raised to $309 from $290 at Scotiabank
- Essex Property Trust price target raised to $355 from $315 at Piper Sandler
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