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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Read More on ESS:
- Essex Property Trust upgraded to Buy from Hold at Deutsche Bank
- Essex Property Trust price target lowered to $292 from $296 at Truist
- Essex Property Trust price target lowered to $289 from $295 at Evercore ISI
- Essex Property upgraded to Outperform from Market Perform at BMO Capital
- Essex Property Trust price target lowered to $302 from $309 at RBC Capital