Essex Property Trust Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Essex Property Trust stock have an average target of 297.35, with a low estimate of 227 and a high estimate of 355. The average target predicts an increase of 0.89% from the current stock price of 294.74.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$227	$297.35	$304	$355
Change	-22.98%	+0.89%	+3.14%	+20.45%

Analyst Ratings

The average analyst rating for Essex Property Trust stock from 22 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	2	2	2	2	1	1
Buy	4	3	3	3	5	5
Hold	13	13	13	12	14	14
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	21	20	20	19	22	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Richard Hightower Barclays	Barclays	Hold Maintains $302 → $304	Hold	Maintains	$302 → $304	+3.14%	Feb 19, 2025
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Hold Maintains $297 → $302	Hold	Maintains	$297 → $302	+2.46%	Feb 10, 2025
Brad Heffern RBC Capital	RBC Capital	Buy Maintains $302 → $315	Buy	Maintains	$302 → $315	+6.87%	Feb 6, 2025
Aaron Hecht JMP Securities	JMP Securities	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Feb 6, 2025
James Feldman Wells Fargo	Wells Fargo	Hold Maintains $314 → $305	Hold	Maintains	$314 → $305	+3.48%	Jan 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.88B

Revenue Next Year

1.95B

from 1.88B

3.89%

from 1.88B

EPS This Year

6.04

from 11.54

-47.62%

from 11.54

EPS Next Year

6.48

from 6.04

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	-	-	-	-	-	1.88B	1.95B	2.04B
Revenue Growth	-1.36%	-0.64%	5.19%	2.89%	8.71%	-	3.89%	4.72%
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	-	-	-	-	-	48.76	45.50	39.62
No. Analysts	-	-	-	-	-	16	13	5

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

Revenue Forecast

Revenue	2025	2026	2027
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
High	-	11.4%	13.2%
Avg	-	3.9%	4.7%
Low	-	-2.8%	-3.2%

EPS Forecast

EPS	2025	2026	2027
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
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.