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Essex Property Trust, Inc. (ESS)
NYSE: ESS · IEX Real-Time Price · USD
272.99
+0.17 (0.06%)
Jul 2, 2024, 4:00 PM EDT - Market closed

Essex Property Trust Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for ESS stock have an average target of 257.63, with a low estimate of 219 and a high estimate of 315. The average target predicts a decrease of -5.63% from the current stock price of 272.99.

Analyst Consensus: Hold
Target Low Average Median High
Price $219 $257.63 $264 $315
Change -19.78% -5.63% -3.29% +15.39%

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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 122333
Buy 334344
Hold 111011101111
Sell 222211
Strong Sell 011111
Total 171820192020

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Alexander Goldfarb
Piper Sandler
 Piper Sandler
Buy
Reiterates
$315
 Buy Reiterates $315 +15.39% Jun 28, 2024
Michael Lewis
Truist Securities
 Truist Securities
Hold
Maintains
$255 → $282
 Hold Maintains $255 → $282 +3.30% Jun 24, 2024
Anthony Paolone
JP Morgan
 JP Morgan
Hold
Maintains
$244 → $265
 Hold Maintains $244 → $265 -2.93% Jun 17, 2024
Nicholas Yulico
Scotiabank
 Scotiabank
Buy
Maintains
$283 → $285
 Buy Maintains $283 → $285 +4.40% Jun 14, 2024
James Feldman
Wells Fargo
 Wells Fargo
Hold
Maintains
$232 → $269
 Hold Maintains $232 → $269 -1.46% May 31, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
1.74B
from 1.67B
Increased by 3.99%
Revenue Next Year
1.80B
from 1.74B
Increased by 3.40%
EPS This Year
8.27
from 6.32
Increased by 30.88%
EPS Next Year
5.84
from 8.27
Decreased by -29.37%
Year 2019202020212022202320242025202620272028
Revenue
1.46B1.50B1.44B1.61B1.67B1.74B1.80B1.86B1.85B1.91B
Revenue Growth
4.29%2.44%-3.69%11.54%3.89%3.99%3.40%3.68%-0.43%2.81%
EPS
6.668.697.516.276.328.275.845.936.626.97
EPS Growth
12.88%30.48%-13.58%-16.51%0.80%30.88%-29.37%1.48%11.58%5.34%
Forward PE
-----33.0046.7346.0541.2739.17
No. Analysts -----1313822
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 1.8B 1.9B 2.0B 1.9B 2.0B
Avg 1.7B 1.8B 1.9B 1.9B 1.9B
Low 1.7B 1.7B 1.7B 1.8B 1.8B

Revenue Growth

Revenue Growth 20242025202620272028
High
10.1%
11.3%
11.8%
3.5%
6.9%
Avg
4.0%
3.4%
3.7%
-0.4%
2.8%
Low
-1.2%
-2.3%
-3.0%
-3.4%
-0.3%

EPS Forecast

EPS 20242025202620272028
High 9.00 7.07 6.79 6.88 7.25
Avg 8.27 5.84 5.93 6.62 6.97
Low 7.69 4.75 5.11 6.42 6.76

EPS Growth

EPS Growth 20242025202620272028
High
42.4%
-14.6%
16.3%
16.0%
9.5%
Avg
30.9%
-29.4%
1.5%
11.6%
5.3%
Low
21.7%
-42.5%
-12.6%
8.3%
2.2%
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.