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
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 '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 2 | 2 | 3 | 3 | 3 |
Buy | 3 | 3 | 4 | 3 | 4 | 4 |
Hold | 11 | 10 | 11 | 10 | 11 | 11 |
Sell | 2 | 2 | 2 | 2 | 1 | 1 |
Strong Sell | 0 | 1 | 1 | 1 | 1 | 1 |
Total | 17 | 18 | 20 | 19 | 20 | 20 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Piper Sandler | Piper Sandler | Buy Reiterates $315 | Buy | Reiterates | $315 | +15.39% | Jun 28, 2024 |
Truist Securities | Truist Securities | Hold Maintains $255 → $282 | Hold | Maintains | $255 → $282 | +3.30% | Jun 24, 2024 |
JP Morgan | JP Morgan | Hold Maintains $244 → $265 | Hold | Maintains | $244 → $265 | -2.93% | Jun 17, 2024 |
Scotiabank | Scotiabank | Buy Maintains $283 → $285 | Buy | Maintains | $283 → $285 | +4.40% | Jun 14, 2024 |
Wells Fargo | Wells Fargo | Hold Maintains $232 → $269 | Hold | Maintains | $232 → $269 | -1.46% | May 31, 2024 |
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%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
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.