ESSEX PROPERTY TRUST BUY
Back at tradingview after few years!
Currently looking at Essex Property Trust, which is a real estate firm. Good dividend stock, stable earnings per share, large payout ratio, more than 12 years of consecutive dividend increases.
Fundamentals are not looking too bad for 2021, with the potential rebound of the US economy. Has been putting up a lot of debt, not necessarily a bad thing for real estate companies. In the current low-interest environment, I rather see them putting up with more debt in order to purchase/expand to more buildings.
Technically, there is divergence on RSI, the upward gap is filled. To me seems like a reasonably good price to get in.
Currently looking at Essex Property Trust, which is a real estate firm. Good dividend stock, stable earnings per share, large payout ratio, more than 12 years of consecutive dividend increases.
Fundamentals are not looking too bad for 2021, with the potential rebound of the US economy. Has been putting up a lot of debt, not necessarily a bad thing for real estate companies. In the current low-interest environment, I rather see them putting up with more debt in order to purchase/expand to more buildings.
Technically, there is divergence on RSI, the upward gap is filled. To me seems like a reasonably good price to get in.
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