Fly News Breaks for January 28, 2020
Jan 28, 2020 | 05:36 EDT
BMO Capital downgraded Essex Property Trust to Underperform from Market Perform.
News For ESS From the Last 2 Days
Jan 18, 2022 | 09:00 EST
Truist analyst Michael Lewis raised the firm's price target on Essex Property Trust to $378 from $366 and keeps a Buy rating on the shares as part of a broader research note previewing the 2022 outlook for REITs. The sector should perform roughly in line with the broader market as an improving economy supports healthy occupancy and rent growth, while rising interest rates weigh on the cost of capital and already-elevated REIT stock valuations, the analyst tells investors in a research note.