Essex Property Trust, Inc. (NYSE:ESS) is one of Best Distressed Stocks to Buy Right Now. On January 13, Barclays raised the price target on its shares from $290 to $292, while retaining the “Equal Weight” rating, as the newspaper reported. The fly. Notably, the company adjusted its ratings and targets within the broader real estate investment trust group. This was part of its outlook for 2026. The company expects the increase to be greatest in apartments, warehouses and single-family rentals in 2026. It is least positive in cold storage and retail. Overall, it is neutral on REITs for 2026.
On January 9, BMO Capital analyst John Kim downgraded shares of Essex Property Trust, Inc. (NYSE: ESS) from “outperform” to “market perform” with a price target of $280, down from the previous target of $305. The company adjusted its real estate investment trust ratings in light of its 2026 outlook.
Funds from operations growth has moderated due to weakness in Los Angeles as well as preferred buyouts, and these are expected to remain headwinds in 2026, according to Essex Property Trust, Inc. (NYSE: ESS) analyst.
Essex Property Trust, Inc. (NYSE: ESS) is a fully integrated real estate investment trust.
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Disclosure: None. This article was originally published on Initiated Monkey.