Evercore ISI analyst Steve Sakwa maintained a Hold rating on Essex Property on Friday, setting a price target of $346, which is approximately 5.46% above the present share price of $328.1.
Sakwa expects Essex Property to post earnings per share (EPS) of $2.59 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Essex Property, with an average price target of $325.75.
The analysts price targets range from a high of $351 to a low of $280.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $355.13 million and a net profit of $97.3 million. The company's market cap is $21.33 billion.
According to TipRanks.com, Evercore ISI analyst Steve Sakwa is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.2% and a 61.15% success rate.
Essex Property Trust (NYSE:ESS), Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, acquisition, development, and redevelopment of predominantly apartment communities. The company was founded by George M. Marcus in 1971 and is headquartered in San Mateo, CA.