Essex Property Trust, Inc. (ESS)
NYSE: ESS · Real-Time Price · USD
283.76
+4.75 (1.70%)
Dec 20, 2024, 4:00 PM EST - Market closed
Essex Property Trust Stock Forecast
Stock Price Forecast
The 18 analysts with 12-month price forecasts for ESS stock have an average target of 290.94, with a low estimate of 227 and a high estimate of 355. The average target predicts an increase of 2.53% from the current stock price of 283.76.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for ESS stock from 19 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Buy | 4 | 4 | 4 | 3 | 3 | 3 |
| Hold | 12 | 12 | 13 | 13 | 13 | 12 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 21 | 21 | 21 | 20 | 20 | 19 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold → Sell Downgrades $297 → $303 | Hold → Sell | Downgrades | $297 → $303 | +6.78% | Dec 17, 2024 |
| Barclays | Barclays | Hold Initiates $316 | Hold | Initiates | $316 | +11.36% | Dec 17, 2024 |
| 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 | +13.12% | Sep 24, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $309 → $329 | Buy | Maintains | $309 → $329 | +15.94% | Sep 16, 2024 |
Financial Forecast
Revenue This Year
1.77B
Revenue Next Year
1.85B
from 1.77B
Increased by 4.57%
EPS This Year
8.68
from 6.32
Increased by 37.36%
EPS Next Year
6.06
from 8.68
Decreased by -30.20%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| 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 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 12.6% | 11.3% | |||
| Avg | - | 4.6% | 4.2% | |||
| Low | - | -2.4% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 9.59 | 6.71 | 7.38 | |||
| Avg | 8.68 | 6.06 | 6.42 | |||
| Low | 8.04 | 5.33 | 5.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 51.8% | -22.7% | 21.9% | |||
| Avg | 37.4% | -30.2% | 6.0% | |||
| Low | 27.2% | -38.6% | -5.2% |
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.