Essex Property Trust (ESS) Tops Q4 EPS by 56c

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BMO Capital Downgrades Essex Property Trust (ESS) to Underperform

January 28, 2020 6:02 AM EST

BMO Capital analyst John Kim downgraded Essex Property Trust (NYSE: ESS) from Market Perform to Underperform with a price target of $295.00 (from $320.00).

The analyst comments "ESS has outpaced its multifamily peers on SS revenue growth (averaging 5.1% vs. peers 3.7% over the past five years),... More