Raymond James Remains a Sell on Essex Property (ESS)


Raymond James analyst Buck Horne maintained a Sell rating on Essex Property (ESS) today. The company’s shares closed last Thursday at $252.53.

According to TipRanks.com, Horne is a 4-star analyst with an average return of 7.5% and a 63.9% success rate. Horne covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Mid-America Apartment, and Invitation Homes.

Essex Property has an analyst consensus of Moderate Buy, with a price target consensus of $276.44.

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Based on Essex Property’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $371 million and net profit of $73.66 million. In comparison, last year the company earned revenue of $367 million and had a net profit of $99.34 million.

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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.

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