Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Hold rating on Essex Property Trust (NYSE:ESS) on Monday, setting a price target of $241, which is approximately 10.18% above the present share price of $218.73.
Petersen expects Essex Property Trust to post earnings per share (EPS) of $4.77 for the third quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Essex Property, with an average price target of $248.29.
The analysts price targets range from a high of $268 to a low of $230.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $392.37 million and a net profit of $130.92 million. The company's market cap is $14.26 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 72.59% success rate.
Essex Property Trust, 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.