Essex Property Trust, Inc. (ESS)

Essex Property Trust Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Essex Property Trust stock have an average target of 305.22, with a low estimate of 250 and a high estimate of 355. The average target predicts a decrease of -0.25% from the current stock price of 306.00.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$250	$305.22	$305	$355
Change	-18.30%	-0.25%	-0.33%	+16.01%

Analyst Ratings

The average analyst rating for Essex Property Trust 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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	2	2	2	1	1	1
Buy	3	3	3	5	5	5
Hold	13	13	12	14	14	13
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	0
Total	20	20	19	22	22	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $292 → $304	Hold	Maintains	$292 → $304	-0.65%	Mar 10, 2025
Richard Hightower Barclays	Barclays	Hold Maintains $302 → $304	Hold	Maintains	$302 → $304	-0.65%	Feb 19, 2025
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $297 → $302	Hold	Maintains	$297 → $302	-1.31%	Feb 10, 2025
Brad Heffern RBC Capital	RBC Capital	Buy Maintains $302 → $315	Buy	Maintains	$302 → $315	+2.94%	Feb 6, 2025
Aaron Hecht JMP Securities	JMP Securities	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Feb 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.88B

Increased by 3.26%

from 1.82B

Revenue Next Year

1.95B

Increased by 3.83%

from 1.88B

EPS This Year

6.04

Decreased by -47.62%

from 11.54

EPS Next Year

6.48

Increased by 7.16%

from 6.04

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	1.88B	1.95B	2.03B
Revenue Growth	-1.36%	-0.64%	5.19%	2.89%	8.49%	3.26%	3.83%	3.99%
EPS	8.69	7.51	6.27	6.32	11.54	6.04	6.48	7.44
EPS Growth	30.46%	-13.56%	-16.51%	0.74%	82.71%	-47.62%	7.16%	14.84%
Forward PE	-	-	-	-	-	50.62	47.24	41.14
No. Analysts	-	-	-	-	-	16	13	5

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	1.8B	1.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	10.2%	11.1%	12.9%
Avg	3.3%	3.8%	4.0%
Low	-1.2%	-2.3%	-2.3%

EPS Forecast

EPS	2025	2026	2027	2028
High	6.71	7.20	7.89
Avg	6.04	6.48	7.44
Low	5.00	5.35	7.08

EPS Growth

EPS Growth	2025	2026	2027	2028
High	-41.9%	19.2%	21.7%
Avg	-47.6%	7.2%	14.8%
Low	-56.7%	-11.5%	9.2%

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.