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ESS - Essex Property Trust: 3 Reasons Why The Stock May Be Overvalued
May, 16 2024 02:50 AM
Essex Property Trust Inc.
2024-05-16 02:50:17 ET
Summary Essex Property Trust's fixed income offering is trading at a higher yield than their cap rate, suggesting that they are currently overvalued. The absence of share buyback activity by management supports the view that ESS stock is elevated in relation to its intrinsic value. Taking into account their recent investment activity, shares should be at the $244 range.
Introduction For further details see:
Essex Property Trust: 3 Reasons Why The Stock May Be Overvalued
Stock Information
Company Name:
Essex Property Trust Inc.
Stock Symbol:
ESS
Market:
NYSE
Website:
essex.com
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