Merrill Lynch analyst Merrill Lynch maintained a Buy rating on Essex Property on Monday, setting a price target of $273, which is approximately 3.82% above the present share price of $262.95.
expects Essex Property to post earnings per share (EPS) of $1.13 for the fourth quarter of 2020.
The current consensus among 13 TipRanks analysts is for a Hold rating of shares in Essex Property, with an average price target of $243.25.
The analysts price targets range from a high of $314 to a low of $210.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $370.81 million and a net profit of $106.29 million. The company's market cap is $17.15 billion.
According to TipRanks.com, Merrill Lynch analyst Merrill Lynch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.1% and a 59.70% 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.