Essex Property Trust (ESS) Declares $1.75 Quarterly Dividend; 2.7% Yield

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UPDATE: SunTrust Robinson Humphrey Downgrades Essex Property Trust (ESS) to Hold; 'Limited Near- Term Upside as West Coast Cools'

May 18, 2017 6:38 AM EDT

(Updated - May 18, 2017 9:24 AM EDT)

SunTrust Robinson Humphrey downgraded Essex Property Trust (NYSE: ESS) from Buy to Hold with a price target of $257.00, following a review of the company's current valuation.

Analyst Michael Lewis notes the shares recent outperfomance relative to... More