Initiated Overweight X

ESS Essex Property

Cantor Fitzgerald

$300

Downgrades Outperform Neutral X

ESS Essex Property

BNP Paribas Exane

Downgrades Overweight Neutral X

ESS Essex Property

Piper Sandler

$275

Upgrades Hold Buy X

ESS Essex Property

Deutsche Bank

$308 $310

Upgrades Mkt Perform Outperform X

ESS Essex Property

BMO Capital Markets

$323 $310

Initiated Equal Weight X

ESS Essex Property

Barclays

$316

Downgrades Neutral Underweight X

ESS Essex Property

JP Morgan

$297 $303

Downgrades Outperform Mkt Perform X

ESS Essex Property

Raymond James

Downgrades Buy Neutral X

ESS Essex Property

BofA Securities

$307 $321

Initiated Outperform X

ESS Essex Property

Exane BNP Paribas

$333

Initiated Neutral X

ESS Essex Property

Goldman

$318

Upgrades Neutral Buy X

ESS Essex Property

BofA Securities

$250 $275

Upgrades Mkt Perform Outperform X

ESS Essex Property

Raymond James

$265

Upgrades Neutral Buy X

ESS Essex Property

Mizuho

$255 $250

Resumed Sell X

ESS Essex Property

Goldman

$227

Initiated Hold X

ESS Essex Property

Deutsche Bank

$240

Upgrades Hold Buy X

ESS Essex Property

Jefferies

$215 $281

Upgrades Underperform Mkt Perform X

ESS Essex Property

BMO Capital Markets

$235 $225

Initiated Neutral X

ESS Essex Property

Wedbush

$225

Downgrades Buy Neutral X

ESS Essex Property

Citigroup

$280 $260

Downgrades Buy Hold X

ESS Essex Property

Truist

$255 $266

Upgrades Underweight Eq Weight X

ESS Essex Property

Wells Fargo

$208 $247

Downgrades Buy Hold X

ESS Essex Property

Stifel

$245 $250

Downgrades Peer Perform Underperform X

ESS Essex Property

Wolfe Research

$204

Upgrades Neutral Overweight X

ESS Essex Property

Piper Sandler

$242 $271

Downgrades Mkt Perform Underperform X

ESS Essex Property

BMO Capital Markets

$239 $200

Upgrades Sec Underperform Sec Outperform X

ESS Essex Property

Scotiabank

$240

Downgrades Outperform In-line X

ESS Essex Property

Evercore ISI

$236

Initiated Underweight X

ESS Essex Property

Wells Fargo

$208

Downgrades Overweight Neutral X

ESS Essex Property

JP Morgan

$284 $267

Initiated Neutral X

ESS Essex Property

UBS

$226

Downgrades Buy Neutral X

ESS Essex Property

Janney

$241

Downgrades Overweight Sec Weight X

ESS Essex Property

KeyBanc Capital Markets

Downgrades Buy Neutral X

ESS Essex Property

BofA Securities

$265 $233

Downgrades Overweight Neutral X

ESS Essex Property

Piper Sandler

$297 $250

Resumed Hold X

ESS Essex Property

Jefferies

$280 $237

Upgrades Neutral Buy X

ESS Essex Property

Citigroup

$295

Downgrades Buy Neutral X

ESS Essex Property

Mizuho

$273 $264

Initiated Underperform X

ESS Essex Property

Credit Suisse

$247

Downgrades Outperform Mkt Perform X

ESS Essex Property

BMO Capital Markets

$378 $320

Upgrades Sell Buy X

ESS Essex Property

Goldman

$352 $338

Downgrades Eq Weight Underweight X

ESS Essex Property

Barclays

$367 $310

Downgrades Sec Perform Sec Underperform X

ESS Essex Property

Scotiabank

$363 $338

Initiated Buy X

ESS Essex Property

Stifel

$390

Upgrades In-line Outperform X

ESS Essex Property

Evercore ISI

$381

Upgrades Neutral Overweight X

ESS Essex Property

JP Morgan

$359

Upgrades Underperform Mkt Perform X

ESS Essex Property

Raymond James

Initiated Peer Perform X

ESS Essex Property

Wolfe Research

$351

Downgrades Buy Neutral X

ESS Essex Property

Mizuho

$333

Downgrades Buy Neutral X

ESS Essex Property

BTIG Research

Downgrades Outperform In-line X

ESS Essex Property

Evercore ISI

Upgrades Neutral Overweight X

ESS Essex Property

Piper Sandler

$265 $320

Upgrades Mkt Perform Outperform X

ESS Essex Property

BMO Capital Markets

$275 $310

Initiated Outperform X

ESS Essex Property

RBC Capital Mkts

$303

Upgrades In-line Outperform X

ESS Essex Property

Evercore ISI

Upgrades Neutral Buy X

ESS Essex Property

BTIG Research

$335

Downgrades Outperform Neutral X

ESS Essex Property

Robert W. Baird

$297 $302

Downgrades Outperform In-line X

ESS Essex Property

Evercore ISI

Downgrades Buy Hold X

ESS Essex Property

Jefferies

Upgrades Neutral Buy X

ESS Essex Property

Janney

Downgrades Overweight Neutral X

ESS Essex Property

JP Morgan

Upgrades Mkt Perform Outperform X

ESS Essex Property

Wells Fargo

Upgrades Hold Buy X

ESS Essex Property

Jefferies

Downgrades Outperform Mkt Perform X

ESS Essex Property

BMO Capital Markets

$255 $260

Initiated Equal Weight X

ESS Essex Property

CapitalOne

$255

Downgrades Buy Neutral X

ESS Essex Property

Citigroup

Upgrades Hold Buy X

ESS Essex Property

Stifel

$235 $260

Upgrades Underperform Mkt Perform X

ESS Essex Property

Raymond James

Downgrades Buy Hold X

ESS Essex Property

SunTrust

Upgrades Mkt Perform Outperform X

ESS Essex Property

BMO Capital Markets

$250 $255

Upgrades Neutral Buy X

ESS Essex Property

BofA/Merrill

ESS  Essex Property Trust, Inc.

Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets. The Company owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, LP (the Operating Partnership). Its properties include Mio, Form 15, Emerson Valley Village and Ashton Sherman Village. As of December 31, 2016, it owned or held an interest in 245 communities, aggregating 59,645 apartment homes, excluding its ownership in preferred equity investments, as well as two operating commercial buildings (totaling approximately 140,564 square feet), and six active development projects with 2,223 apartment homes in various stages of development.