Essex Property Trust: California Exposure A Tailwind In A Weak Rental Market

Shares of Essex Property Trust (NYSE: ESS ) have been a poor performer over the past year, losing 13% of their value. Elevated rates have weighed on real estate valuations, and the apartment sector has faced particular pressure, given concerns about weakening rent trends. I last coveredOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or ...