Barclays Maintains Underweight Rating for Essex Property Trust: Here's What You Need To Know

Barclays has decided to maintain its Underweight rating of Essex Property Trust ESS and raise its price target from $224.00 to $225.00.

Shares of Essex Property Trust are trading up 0.0% over the last 24 hours, at $235.37 per share.

A move to $225.00 would account for a 4.41% decrease 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.