JPMorgan Downgrades Essex Property Trust (ESS) to Neutral

JPMorgan analyst Anthony Paolone downgraded Essex Property Trust (NYSE: ESS) from Overweight to Neutral with a price target of $277.00 (from $293.00).

The analyst adjusts a myriad of REIT models in conjunction with this 2019 REIT outlook. The analyst is bullish on residential and industrial REITs, sees a relatively improved outlook for health care and net lease, and is bearish on malls and office REITs.

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 $258.09 yesterday.

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