Raymond James Cuts Essex Property Trust (ESS) to Outperform

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An analyst at Raymond James downgraded shares of Essex Property Trust (NYSE: ESS) from Strong Buy to Outperform Friday morning.

The stock is down 0.9 percent to $154.92, outperforming the broader stock market despite the downgrade.

Essex posted its Q1 results on Wednesday afternoon after the market closed. The stock fell about 1 percent on Thursday.

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

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