Essex Property Trust Inc (ESS) issued an update on its FY12 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.63-6.83 for the period.

Essex Property Trust Inc (ESS) traded up 3.44% on Wednesday, hitting $150.00. Essex Property Trust Inc (ESS) has a 1-year low of $121.48 and a 1-year high of $161.53. The company has a market cap of $5.462 billion and a price-to-earnings ratio of 60.32.

Essex Property Trust last released its earnings data on Wednesday, October 31st. The company reported $1.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.68 by $0.03. On average, analysts predict that Essex Property Trust Inc (ESS) will post $6.75 earnings per share for the current fiscal year.

A number of research firms have also recently commented on ESS. Analysts at Bank of America upgraded shares of Essex Property Trust from a neutral rating to a buy rating in a research note to investors on Friday, October 26th. On a related note, analysts at Sandler O’Neill upgraded shares of Essex Property Trust from a hold rating to a buy rating in a research note to investors on Thursday, October 18th. Finally, analysts at Raymond James upgraded shares of Essex Property Trust from an outperform rating to a strong-buy rating in a research note to investors on Wednesday, October 17th.

Essex Property Trust, Inc. (Essex) operates as a self-administered and self-managed real estate investment trust (REIT).

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