Essex Property Trust, Inc. (NYSE:ESS) is among them 15 Best Stocks to Buy Now for Passive Income.
On March 4, Scotiabank analyst Nicolas Ulico on Essex Property Trust, Inc. (NYSE:ESS) cut the company’s price recommendation from $284 to $278. Analysts reiterated an outperform rating on the stock. The company said it is updating its price targets for the U.S. multifamily REITs under its coverage. According to the analyst, many markets are still operating at occupancy levels seen before COVID during the 2015-2019 period. Investors may need to wait for the spring leasing season and clear signs of strong market growth before a meaningful positive catalyst emerges, the company noted.
Earlier, on February 19, the company said its board of directors approved a 0.8% increase to its annual cash dividend. The increase marks the company’s 32nd consecutive year of annual dividend growth. The board also announced first-quarter earnings of $2.59 per share. Annualized, the dividend represents a dividend of $10.36 per common share.
Essex Property Trust, Inc. (NYSE:ESS) is a self-managed and self-managed real estate investment trust. The company acquires, develops, redevelops, and manages apartment communities in select residential areas along the West Coast of the United States.
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Read more: 15 Best High Dividend Stocks to Invest Under $100 And the 40 most popular stocks among hedge funds heading into 2026.
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