Essex Property Trust (ESS): Is the Recent 11% Slide Creating a 10% Undervaluation Opportunity?
Essex Property Trust (ESS) has seen an 11% stock slide over the past 12 months, contrasting with its 3-year positive return. Despite modest earnings pressure, analysts suggest upside to fair value, with a narrative pointing to ESS being 10.1% undervalued at $286.63 due to anticipated declines in new multifamily supply. However, risks remain from its heavy exposure to Californian markets.
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