TheStreet Ratings Top 10 Rating Changes
Essex Property Trust, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquiring, developing, redeveloping, and managing multifamily apartment communities. The company has a P/E ratio of 127.6, above the average real estate industry P/E ratio of 90.2 and above the S&P 500 P/E ratio of 17.7. Essex Property has a market cap of $5.21 billion and is part of the financial sector and real estate industry. Shares are up 4.6% year to date as of the close of trading on Tuesday.
Rating Change #5
Tiffany & Co (TIF) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.