The article discusses the author's recent changes to their portfolio and the decision to sell stock to raise cash for a new home. They explain their rationale for not wanting to take out a mortgage at high interest rates. The author also discusses their strategy for selling stocks, focusing on selling lower-quality holdings and reducing portfolio redundancy. They provide details of specific trades they made, including buying shares of Air Products and Chemicals (APD) and Main Street Capital (MAIN), and selling shares of Comcast (CMCSA) and Hormel Foods (HRL). The article does not mention anything about Essex Property Trust (ESS) stock or why it may have gone down.
The article discusses Essex Property Trust's third quarter 2023 earnings results, which showed a decrease in net income, funds from operations, and core FFO per diluted share compared to the same period in 2022. The reason for the decrease in the stock price is not mentioned in the article.
Essex Property Trust (ESS) stock went down by 0.82% last night despite beating third-quarter estimates for core funds from operations, as high inflation and a housing shortage continue to drive rental prices up.
The article announces that Essex Property Trust, Inc. plans to release its third quarter 2023 earnings and hold a conference call with senior management, and does not provide a reason for the recent decline in the Essex Property Trust (ESS) stock.
The article discusses the recent increase in the Essex Property Trust (ESS) stock, attributing it to favorable conditions for REITs (Real Estate Investment Trusts) such as rising Treasury yields, the ability for REITs to grow cash flows through raising rents, and the high dividend payouts offered by REITs due to tax advantages. It also highlights positive factors specific to Essex Property Trust, such as its exposure to tech-powered markets and its strong debt management.
The article highlights that Essex Property Trust (ESS) stock experienced a daily loss of -1.82% and a 3-month loss of -0.73%, but it appears to be modestly undervalued based on a valuation analysis. The stock's poor financial strength is a potential reason for the decline, but its profitability is strong. Additionally, the company's growth ranks worse than many others in the REITs industry.
The stock of Essex Property Trust (ESS) went down by -2.57% due to a downgrade by Citi and a cut in the price target because of weaker rent growth.
Essex Property Trust (ESS) stock went down by 2.57% after being downgraded by Citi, which cited weaker rent growth as the reason for the downgrade.
The article states that Essex Property Trust (ESS) stock went down by 2.19% last night, but does not provide a reason for the decrease in stock price.
The article is about Essex Property Trust (ESS) stock, which went down by -2.19% last night. The reason for the stock's decline is not mentioned in the article.
The article explains that Essex Property Trust (ESS) stock decreased by 2.19% last night, but does not provide a specific reason for the decrease.
The stock of Essex Property Trust (ESS) went down by 0.14%, possibly due to underperformance compared to its competitors and trading volume lower than the average.
Essex Property Trust (ESS) stock went down by -3.22% because its revenue for the quarter ended June 2023 was slightly lower than analyst estimates.
Essex Property Trust (ESS) stock went down by 0.57% last night, and the reason for the decline is not mentioned in the article.