Keefe, Bruyette & Woods Leaves Essex Property Trust $128 PT, Market Perform Rating Unchanged (ESS)

Keefe, Bruyette & Woods left its Essex Property Trust ESS Market Perform rating and $128 price target unchanged in a research report published today. In the report, Keefe, Bruyette & Woods states, "Operating outlook is rev +3.5%, NOI +4.3%, below our expectation, but set on conservative economic outlook suggesting potential upside if job growth accelerates. " Shares of Essex Property Trust closed Thursday at $115.32, reflecting no change from Wednesday's market close.