Essex Property Trust, Inc. (ESS)
NYSE: ESS · Real-Time Price · USD
302.74
-4.54 (-1.48%)
At close: Nov 14, 2024, 4:00 PM
304.01
+1.27 (0.42%)
Pre-market: Nov 15, 2024, 4:37 AM EST
Essex Property Trust Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for ESS stock have an average target of 282.37, with a low estimate of 225 and a high estimate of 355. The average target predicts a decrease of -6.73% from the current stock price of 302.74.
Analyst Consensus: Hold
* Price targets were last updated on Sep 24, 2024.
Analyst Ratings
The average analyst rating for ESS stock from 20 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 4 | 4 | 4 | 4 | 3 | 3 |
| Hold | 11 | 12 | 12 | 13 | 13 | 13 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 20 | 21 | 21 | 21 | 20 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 21, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $307 → $321 | Strong Buy → Hold | Downgrades | $307 → $321 | +6.03% | Sep 24, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $309 → $329 | Buy | Maintains | $309 → $329 | +8.67% | Sep 16, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $283 → $287 | Hold | Maintains | $283 → $287 | -5.20% | Sep 16, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $265 → $297 | Hold | Maintains | $265 → $297 | -1.90% | Sep 16, 2024 |
Financial Forecast
Revenue This Year
1.77B
Revenue Next Year
1.85B
from 1.77B
Increased by 4.40%
EPS This Year
8.58
from 6.32
Increased by 35.86%
EPS Next Year
6.08
from 8.58
Decreased by -29.19%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.9B | 2.0B | 2.1B | ||
| Avg | 1.8B | 1.9B | 1.9B | ||
| Low | 1.7B | 1.7B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 13.7% | 14.7% | ||
| Avg | - | 4.4% | 4.1% | ||
| Low | - | -2.4% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 9.59 | 6.71 | 7.38 | ||
| Avg | 8.58 | 6.08 | 6.52 | ||
| Low | 8.04 | 5.33 | 5.78 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 51.8% | -21.8% | 21.5% | ||
| Avg | 35.9% | -29.2% | 7.4% | ||
| Low | 27.2% | -37.9% | -4.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.