ETF to Buy #1 – EssexProperty Trust (ESS)
Essex Property Trust (NYSE:ESS) is a self-administered and self-managed Real Estate Investment Trust (REIT). It is the owner, developer and manager of 159 communities with a total of 32,753 units located on the West Coast.
Technically the fund broke from a triple-top in March, and following a consolidation should continue its bull market run.
The current dividend yield on ESS is almost 3%, and our technical target is $175.