Citigroup Maintains Buy Rating for Essex Property Trust: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of Essex Property Trust ESS and raise its price target from $250.00 to $280.00.

Shares of Essex Property Trust are trading up 0.47% over the last 24 hours, at $234.24 per share.

A move to $280.00 would account for a 19.54% increase from the current share price.

About Essex Property Trust

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.