Essex Property Trust, Inc. (ESS)

Essex Property Trust Stock Forecast

Stock Price Forecast

The 15 analysts that cover Essex Property Trust stock have a consensus rating of "Hold" and an average price target of $286.23, which forecasts a 11.27% increase in the stock price over the next year. The lowest target is $268 and the highest is $315.

Price Target: $286.23 (+11.27%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$268	$286.23	$284	$315
Change	+4.18%	+11.27%	+10.40%	+22.45%

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	1	1	1	1	1	0
Buy	5	5	6	6	6	5
Hold	12	10	10	10	11	11
Sell	1	1	1	1	1	0
Strong Sell	0	0	0	0	0	0
Total	19	17	18	18	19	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Kim BMO Capital	BMO Capital	Buy → Hold Downgrades $305 → $280	Buy → Hold	Downgrades	$305 → $280	+8.85%	Jan 9, 2026
Michael Goldsmith UBS	UBS	Hold Maintains $267 → $274	Hold	Maintains	$267 → $274	+6.52%	Jan 8, 2026
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $283 → $273	Hold	Maintains	$283 → $273	+6.13%	Dec 16, 2025
Linda Tsai Jefferies	Jefferies	Strong Buy → Hold Downgrades $304 → $282	Strong Buy → Hold	Downgrades	$304 → $282	+9.63%	Dec 16, 2025
Richard Hightower Barclays	Barclays	Hold Maintains $297 → $290	Hold	Maintains	$297 → $290	+12.74%	Nov 25, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.90B

Increased by 3.97%

from 1.82B

Revenue Next Year

1.96B

Increased by 3.64%

from 1.90B

EPS This Year

10.70

Decreased by -7.26%

from 11.54

EPS Next Year

6.05

Decreased by -43.44%

from 10.70

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.56B	1.55B	1.63B	1.68B	1.82B	1.90B	1.96B
Revenue Growth	-1.36%	-0.64%	5.19%	2.89%	8.49%	3.97%	3.64%
EPS	8.69	7.51	6.27	6.32	11.54	10.70	6.05
EPS Growth	30.46%	-13.56%	-16.51%	0.74%	82.71%	-7.26%	-43.44%
Forward PE	-	-	-	-	-	24.04	42.50
No. Analysts	-	-	-	-	-	15	15

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	2.0B	2.1B
Avg	1.9B	2.0B
Low	1.8B	1.9B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	8.6%	9.9%
Avg	4.0%	3.6%
Low	0.5%	-1.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	11.15	6.77
Avg	10.70	6.05
Low	10.34	5.50

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-3.4%	-36.7%
Avg	-7.3%	-43.4%
Low	-10.4%	-48.6%

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.