Essex Property Trust, Inc. (ESS)

Essex Property Trust Stock Forecast

Stock Price Forecast

The 18 analysts that cover Essex Property Trust stock have a consensus rating of "Hold" and an average price target of $301.92, which forecasts a 14.44% increase in the stock price over the next year. The lowest target is $275 and the highest is $321.

Price Target: $301.92 (+14.44%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$275	$301.92	$305.5	$321
Change	+4.24%	+14.44%	+15.80%	+21.68%

Analyst Ratings

The average analyst rating for Essex Property Trust stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	1	1	1	1	1
Buy	5	5	5	6	6	5
Hold	14	13	12	11	11	12
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	21	20	19	19	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Adam Kramer Morgan Stanley	Morgan Stanley	Hold Maintains $304 → $285	Hold	Maintains	$304 → $285	+8.03%	Aug 13, 2025
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $295 → $283	Hold	Maintains	$295 → $283	+7.27%	Aug 12, 2025
Richard Hightower Barclays	Barclays	Hold Maintains $335 → $298	Hold	Maintains	$335 → $298	+12.96%	Aug 12, 2025
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $285 → $279	Hold	Maintains	$285 → $279	+5.76%	Aug 12, 2025
Nicholas Yulico Scotiabank	Scotiabank	Buy Maintains $320 → $309	Buy	Maintains	$320 → $309	+17.13%	Aug 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.89B

Increased by 3.91%

from 1.82B

Revenue Next Year

1.97B

Increased by 3.80%

from 1.89B

EPS This Year

7.63

Decreased by -33.85%

from 11.54

EPS Next Year

6.03

Decreased by -21.06%

from 7.63

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.56B	1.55B	1.63B	1.68B	1.82B	1.89B	1.97B	2.04B
Revenue Growth	-1.36%	-0.64%	5.19%	2.89%	8.49%	3.91%	3.80%	3.66%
EPS	8.69	7.51	6.27	6.32	11.54	7.63	6.03	6.62
EPS Growth	30.46%	-13.56%	-16.51%	0.74%	82.71%	-33.85%	-21.06%	9.80%
Forward PE	-	-	-	-	-	34.56	43.78	39.87
No. Analysts	-	-	-	-	-	14	14	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	2.0B	2.1B	2.2B
Avg	1.9B	2.0B	2.0B
Low	1.8B	1.9B	1.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	10.2%	11.1%	11.4%
Avg	3.9%	3.8%	3.7%
Low	-0.1%	-1.4%	-2.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	8.74	6.91	7.48
Avg	7.63	6.03	6.62
Low	6.96	4.44	6.06

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-24.3%	-9.5%	24.1%
Avg	-33.8%	-21.1%	9.8%
Low	-39.7%	-41.8%	0.5%

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.