Jefferies Raises Price Target On Essex Property Trust (ESS), Keeps Hold

Jefferies raised their price target on Essex Property Trust (NYSE: ESS) from $125 to $144 following Q4 results. The firm is sticking with their Hold rating.

The firm comments, "While fundamentals in Essex's key West Coast markets are much improved, and are on an upward trajectory, we believe ESS's premium valuation reflects this. We maintain our Hold Rating on ESS shares."

For an analyst ratings summary and ratings history on Essex Property Trust click here. For more ratings news on Essex Property Trust click here.

Shares of Essex Property Trust closed at $146.50 yesterday, with a 52 week range of $111.25-$149.12.

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