Essex Property Trust (ESS) – Among the 10 Most Profitable Dividend Stocks to Invest In Now

With a net profit margin of 31.57%, Essex Property Trust, Inc. (NYSE:ESS) is included among the 10 Most Profitable Dividend Stocks to Invest In Now. 

On June 8, Evercore ISI raised its price recommendation on Essex Property Trust, Inc. (NYSE:ESS) to $296 from $295. It reiterated an Outperform rating on the shares. The firm said it updated its targets following last week’s annual NAREIT Conference.

Earlier, on May 15, Scotiabank increased its price goal on ESS to $282 from $278. It maintained an Outperform rating. The analyst said the firm was revising its price targets for the U.S. multifamily REITs under its coverage. Scotiabank expects a more difficult recovery in Sunbelt markets, estimating that it could take several years for those markets to absorb the excess supply created by overbuilding. The firm continues to view Essex Property as one of its preferred multifamily REITs, citing its exposure to Northern California as a key advantage.

Essex Property Trust, Inc. (NYSE:ESS) is a self-administered and self-managed real estate investment trust. The company acquires, develops, redevelops, and manages apartment communities in selected residential markets across the West Coast of the United States.

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