Showing posts with label Essex Property Trust. Show all posts
Showing posts with label Essex Property Trust. Show all posts

Thursday, August 11, 2011

Masimo (MASI) (DIOD) (HME) (URS) (ESS) (DISH) Price Target Changed

Masimo Corporation (NASDAQ: MASI), Diodes (NASDAQ: DIOD), Home Properties (NYSE: HME), URS Co. (NYSE: URS), Essex Property Trust Inc. (NYSE: ESS) and DISH (NASDAQ: DISH) price targets adjusted by analysts.

Masimo Corporation (MASI) had its price target lowered by Brean Murray from $33.00 to $29.00. They have a “Buy” rating on the company.

Diodes (DIOD) had its price target lowered by UBS AG (NYSE:UBS) from $27.00 to $22.00. They have a “Neutral” rating on the company.

Home Properties (HME) had its price target raised by FBR Capital from $67.00 to $71.00. They have an “Outperform” rating on the company.

URS Co. (URS) had its price target lowered by UBS AG to $38.00. They have a “Neutral” rating on the company.

Essex Property Trust Inc. (ESS) had its price target raised by FBR Capital from $138.00 to $145.00. They have a “Market Perform” rating on the company.

DISH (DISH) had its price target lowered by Brean Murray from $38.00 to $35.00. They have a “Buy” rating on the company.

Friday, May 13, 2011

Price Targets on (BAX) (COOL) (CSCO) (ESS) Updated

Price targets on Baxter International Inc. (NYSE: BAX), Majesco Entertainment Co. (NASDAQ: COOL), Cisco Systems, Inc. (NASDAQ: CSCO) and Essex Property Trust Inc (NYSE: ESS) were updated by analysts.

UBS AG (NYSE:UBS) raised their price target on Baxter International Inc. (BAX) from $58.00 to $65.00. They have a “buy” rating on the company.

Needham & Company raised their price target on Majesco Entertainment Co. (COOL) from $2.50 to $4.00. They have a “buy” rating on the company.

Barclays Capital cut their price target on Cisco Systems, Inc. (CSCO) from $22.00 to $20.00. They have an “equal weight” rating on the company.

Barclays Capital raised their price target on Essex Property Trust Inc (NYSE: ESS) from $127.00 to $136.00. They have an “overweight” rating on the company.

Monday, May 9, 2011

Biggest Losers (ESS) (SLG) (NHP) (ANLY) (SUP) on May 6

Among the big, negative movers on Friday, May 6, were Essex Property Trust (ESS), Sl Green Realty Corp (SLG), Nationwide Health (NHP), Analysts Internation (ANLY) and Superior Industries (SUP).

Essex Property Trust (ESS) was down $0.78, to close at $132.97, a loss of 0.58 percent.

Sl Green Realty Corp (SLG) fell $0.78 on the day to close at $82.15, a loss of 0.94 percent.

Nationwide Health (NHP) dropped $0.77 to close at $42.75, a loss of 1.77 percent.

Analysts Internation (ANLY) declined $0.77 to close the session at $3.65, a loss of 17.42 percent.

Superior Industries (SUP) plunged $0.77 to end the day at $23.43, a loss of 3.18 percent.

Thursday, May 5, 2011

Price Targets on (ENOC) (ESS) (EXPD) (FIRE) (FMS) Updated by Analysts

Price targets on EnerNOC, Inc. (NASDAQ: ENOC), Essex Property Trust Inc (NYSE: ESS), Expeditors International (NASDAQ: EXPD), Sourcefire, Inc. (NASDAQ: FIRE) and Fresenius Medical (NYSE: FMS) were updated by analysts.

Needham & Company cut their price target on EnerNOC, Inc. (ENOC) from $30.00 to $22.00. They have a “buy” rating on the company.

Stifel Nicolaus raised their price target on Essex Property Trust Inc (ESS) from $135.00 to $150.00. They have a “buy” rating on the company.

UBS AG (NYSE:UBS) raised their price target on Expeditors International ( EXPD) from $59.00 to $61.00. They have a “buy” rating on the company.

Stifel Nicolaus cut their price target on Sourcefire, Inc. (FIRE) from $30.00 to $28.00. They have a “buy” rating on the company.

RBC Capital raised their price target on Fresenius Medical (FMS) from $69.00 to $79.00. They have an “outperform” rating on the company.

Tuesday, December 14, 2010

Associated Estates (NYSE:AEC) Avalonbay (NYSE:AVB), Essex Property (NYSE:ESS), Home Properties (NYSE:HME), Sovran (NYSE:SSS), U-Store-It Trust (NYSE:YSI) Top FBR Picks in Sector

Commenting on commercial real estate, FBR Capital give its top picks and those they believe will lag going into 2011, their top picks include Associated Estates Realty (NYSE:AEC) Avalonbay Communities (NYSE:AVB), Essex Property Trust (NYSE:ESS), Home Properties (NYSE:HME), Sovran Self Storage (NYSE:SSS), and U-Store-It Trust (NYSE:YSI).

FBR gave its reasoning, saying, "Commercial real estate looks to start 2011 in a curious place: pricing is robust in both private and public markets, investor appetite for yield continues unabated, and the cost to do business is at historic lows; just below the surface, however, fundamental recovery is ephemeral, at best - tainting outward market exuberance with an undercurrent of worry. As we start the year, we maintain positive views of most segments within our coverage universe. We believe that once again the single biggest risk lies within the credit markets, as an unsustainably low rate environment props prices, earnings, and hopes. That said, we continue to underwrite a low rate environment in the near term, given the stubbornness of the current economic malaise and reactionary monetary policy. We expect investors will continue to look a blind eye at this risk given the hunger for yield, which is especially beneficial to the finance and mortgage names."

"In this context, our top picks are generally focused on earnings growth, attractive (safe, in our view) yield, and pockets of fundamental recovery. We expect most of the group to remain in an expansionary period. Cap rate compression is likely to continue at the “B/C” asset quality level, while the “A” quality assets more or less stabilize. Along these lines, signs of further market bifurcation are likely in some sectors. We expect fundamental improvement to continue overall, with outright inflection in the short lease arena (lodging, storage, apartments), while longer lease recovery lags (office, industrial, retail)."

"Apartment and self storage. We maintain a positive view of the trajectory of multifamily and self storage fundamentals; however, we do remain cautious on the basis of valuations, given pricing today that is being propped by government-sponsored financing and aggressive core revenue performance expectations. We expect the short-lease REITs to remain in an expansionary period so long as access to low-cost capital remains, while operations continue to improve steadily. Overall, we expect aggregate returns for the multifamily stocks to be in line with the RMZ (+11% for the year). Our top picks within the sector include Associated Estates Realty,Avalonbay Communities, Essex Property Trust, Home Properties, Sovran Self Storage, and U-Store-It Trust; we expect Camden Property Trust (NYSE:CPT), Equity Residential (NYSE:EQR), Mid-America Apartment Communities (NYSE:MAA), and Public Storage (NYSE:PSA) to lag."

Associated Estates closed Monday at $15.22, down $0.15, or 0.98 percent. Avalonbay closed at $112.17, down $0.95, or 0.84 percent. Essex Property ended the day at $113.20, up $0.47, or 0.42 percent. Home Properties was at $54.77, up $0.07, or 0.13 percent.
U-Store-It Trust closed at $9, up $0.21, or 2.39 percent.