Essex Property (ESS) Upgrade of Rating

In an analyst report sent to clients and investors on Wednesday, 13 December, BTIG has boosted Essex Property (ESS) stock to Buy and has set an estimated 12-month TP at $273.0. ESS’s old rating was Neutral.

Despite the stock upgrade ESS is currently trading 0.00% lower at $0.00 as of 10:04 PM New York time. Essex Property’s stock is 0% in the last 200 days. It has underperformed the S&P500 Index, which has gained 6.00% in the same time.

According to data compiled by Thomson Reuters, Essex Property (ESS)’s stock is covered by 24 equity analysts across the Street, with 0 analysts giving it a Sell rating, 12 a Buy rating, while 16 consider it a Hold. The 12-month consensus target price for the stock is $245.46, which reflects an upside potential of ∞% over the current price.

Institutional Ownership

Long Pond Capital Lp had the largest stake with ownership of 959,566 shares as of Q2 2015 for 9.97% of the fund portfolio. Adelante Capital Management Llc is another quite bullish investment professional who is having 573,560 shares of Essex Property or 5.99% of their fund portfolio. Also, Presima Inc. have 5.89% of their fund portfolio invested in the company for 173,200 shares. The Illinois-based fund Harrison Street Securities Llc revealed it had acquired so far a stake worth about 4.1% of the investment professional’s stock portfolio in Essex Property. The California-based fund American Assets Capital Advisers is also positive about the stock, possessing 6,330 shares or 3.71% of their fund portfolio.

Essex Property (ESS) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Essex Property has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.

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