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Essex Property Trust price target lowered to $302 from $316 at Barclays

Essex Property Trust price target lowered to $302 from $316 at Barclays

Barclays lowered the firm’s price target on Essex Property Trust (ESS) to $302 from $316 and keeps an Equal Weight rating on the shares as part of a Q4 earnings preview for the real estate investment trust group. It reduced apartment and single family rental estimates and targets across the board, which it says “hopefully” resets the bar for a beat-and-raise year in 2025.

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