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Essex Property Stock Up 16.1% YTD: Will It Rise Any Further?
ESSEssex Property Trust(ESS) ZACKS·2024-10-09 00:10

Shares of Essex Property Trust (ESS) have rallied 16.1% year to date, outperforming the industry's upside of 10.5%. A robust property base in the West Coast market with favorable demand drivers will aid Essex Property. Technology initiatives to drive margins and a healthy balance sheet bode well for long-term growth. Analysts seem bullish on this residential REIT carrying a Zacks Rank #3 (Hold), with the Zacks Consensus Estimate for its 2024 FFO per share moving northward over the past month to $15.55. Imag ...