Essex Property Trust Inc. ($ESS) Stock Forecast: Up 5.0% Today

What is Essex Property Trust Inc.?

Essex Property Trust Inc (ESS) is a real estate investment trust (REIT) that focuses on owning, operating, and developing apartment communities in high barrier-to-entry markets across the United States.

Why is Essex Property Trust Inc. going up?

ESS stock is up 5.0% on Mar 5, 2024 15:10

• Director LYONS IRVING F III selling shares may have initially caused some uncertainty among investors, but this was overshadowed by positive developments.
• Participation in the Citigroup Global Property CEO Conference likely generated optimism and interest in the company's future prospects.
• Despite analysts cutting earnings estimates, the stock saw a bullish movement, indicating potential resilience in the face of revised expectations.
• The stock rating upgrade from neutral to buy could have boosted investor confidence, leading to increased buying activity and the bullish market movement.

ESS Price Chart

ESS Technical Analysis

ESS News

Director LYONS IRVING F III Sells Shares of Essex Property Trust Inc (ESS)

Director LYONS IRVING F III Sells Shares of Essex Property Trust Inc (ESS)

https://www.gurufocus.com/news/2365398/director-lyons-irving-f-iii-sells-shares-of-essex-property-trust-inc-ess

Essex Property Trust to Present at The 2024 Citigroup Global Property CEO Conference

Essex Property Trust, Inc. (NYSE:ESS) announced today that Angela L. Kleiman, President and CEO, will be participating in a roundtable presentation at the 2024 Citigroup Global Property CEO Conference held in Hollywood, FL on Tuesday, March 5, 2024, at 11:40 a.m. Eastern Time. To listen to the panel, please visit the webcast link on the Investors section of the Company’s website at www.essex.com. Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/17848574-essex-property-trust-to-present-at-the-2024-citigroup-global-property-ceo-conference

Zacks Research Equities Analysts Cut Earnings Estimates for Essex Property Trust, Inc. (NYSE:ESS)

Essex Property Trust, Inc. (NYSE:ESS – Free Report) – Analysts at Zacks Research lowered their Q2 2024 earnings estimates for shares of Essex Property Trust in a note issued to investors on Tuesday, February 27th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $3.75 […]

https://reporter.am/2024/03/01/zacks-research-equities-analysts-cut-earnings-estimates-for-essex-property-trust-inc-nyseess.html

The Elon Musk Effect: How His Tech Dominance Is Reshaping These REITs

Elon Musk’s groundbreaking ventures in technology and space exploration have not only transformed the industries they directly touch but also have far-reaching implications for related sectors, such as real estate. Investors looking to capitalize on Musk’s influence might consider the potential impacts on Real Estate Investment Trusts (REITs) that are strategically positioned to benefit from the tech industry’s growth. Here are three REITs that stand to gain from the ripple effects of Musk’s tech empire: Don''t Miss: Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.

https://www.benzinga.com/real-estate/reit/24/02/37390362/the-elon-musk-effect-how-his-tech-dominance-is-reshaping-these-reits

Essex Property Trust (NYSE:ESS) Stock Rating Upgraded by Mizuho

Mizuho upgraded shares of Essex Property Trust (NYSE:ESS – Free Report) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has $250.00 target price on the real estate investment trust’s stock, down from their previous target price of $255.00. Several other equities […]

https://reporter.am/2024/02/29/essex-property-trust-nyseess-stock-rating-upgraded-by-mizuho.html

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Essex Property Trust Inc. Price History

14.10.2023 - ESS Stock was up 5.1%

• Financial Gravity Asset Management Inc. taking a position in ESS indicates positive sentiment and confidence in the company's performance.
• The purchase of a new position by Pacific Center for Financial Services further adds to the bullish sentiment surrounding ESS.
• Truist Financial cutting Essex Property Trust could be seen as a potential negative, but it is outweighed by the positive factors mentioned above.
• Overall, the bullish movement in ESS today could be attributed to the increased interest and investment from financial institutions, indicating a positive outlook for the company.

05.02.2024 - ESS Stock was up 5.0%

• Director LYONS IRVING F III selling shares may have initially caused some uncertainty among investors, but this was overshadowed by positive developments.
• Participation in the Citigroup Global Property CEO Conference likely generated optimism and interest in the company's future prospects.
• Despite analysts cutting earnings estimates, the stock saw a bullish movement, indicating potential resilience in the face of revised expectations.
• The stock rating upgrade from neutral to buy could have boosted investor confidence, leading to increased buying activity and the bullish market movement.

01.02.2024 - ESS Stock was up 0.4%

• The bullish movement in ESS stock today can be attributed to a series of positive factors and analyst upgrades surrounding the company.
• Analysts cutting earnings estimates initially caused some concern, but a subsequent buy rating and higher price target likely reassured investors.
• Highlighting ESS as poised to beat guidance further fueled investor optimism, especially in light of potential benefits from the tech industry's growth and Elon Musk's influence on related sectors like real estate.
• Overall, the positive sentiment from analyst upgrades and optimistic future outlooks contributed to the strong bullish movement in Essex Property Trust's stock today.