Essex Property Trust: Struggling Stock, Promising Growth

Essex Property Trust, a California-based real estate giant, has seen its stock struggle, dropping by 14.2% over the past year and 8.5% this year, underperforming the broader market. Despite its focus on high-demand markets, the companys performance lags behind peers. However, analysts predict a 2.3% earnings growth for FY2025, with a potential 9.5% upside from current prices, offering a mixed outlook for investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.