Essex Property Trust Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for ESS stock have an average target of 248.53, with a low estimate of 219 and a high estimate of 291. The average target predicts an increase of 1.25% from the current stock price of 245.47.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$219	$248.53	$244	$291
Change	-10.78%	+1.25%	-0.60%	+18.55%

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	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	0	1	2	2	3	3
Buy	3	3	3	4	3	3
Hold	13	11	10	11	10	10
Sell	2	2	2	2	2	2
Strong Sell	0	0	1	1	1	1
Total	18	17	18	20	19	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Simon Yarmak Stifel	Stifel	Hold Maintains $240 → $244	Hold	Maintains	$240 → $244	-0.80%	May 1, 2024
Richard Anderson Wedbush	Wedbush	Hold Reiterates $240	Hold	Reiterates	$240	-2.23%	Apr 29, 2024
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $259 → $255	Hold	Maintains	$259 → $255	+3.88%	Apr 9, 2024
Joshua Dennerlein B of A Securities	B of A Securities	Hold → Strong Buy Upgrades $250 → $275	Hold → Strong Buy	Upgrades	$250 → $275	+12.03%	Apr 1, 2024
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $276 → $259	Hold	Maintains	$276 → $259	+5.51%	Mar 28, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.72B

from 1.67B

2.91%

from 1.67B

Revenue Next Year

1.77B

from 1.72B

2.74%

from 1.72B

EPS This Year

5.32

from 6.32

-15.77%

from 6.32

EPS Next Year

5.71

from 5.32

7.26%

from 5.32

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	1.46B	1.50B	1.44B	1.61B	1.67B	1.72B	1.77B	1.84B	1.89B	1.95B
Revenue Growth	4.29%	2.44%	-3.69%	11.54%	3.89%	2.91%	2.74%	4.19%	2.94%	2.75%
EPS	6.66	8.69	7.51	6.27	6.32	5.32	5.71	6.24	8.02	8.41
EPS Growth	12.88%	30.48%	-13.58%	-16.51%	0.80%	-15.77%	7.26%	9.31%	28.48%	4.91%
No. Analysts	-	-	-	-	-	14	13	8	2	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	1.9B	1.9B	2.0B	2.0B	2.0B
Avg	1.7B	1.8B	1.8B	1.9B	1.9B
Low	1.6B	1.7B	1.7B	1.8B	1.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.2%	11.9%	13.2%	7.0%	6.8%
Avg	2.9%	2.7%	4.2%	2.9%	2.7%
Low	-2.1%	-2.6%	-1.8%	-0.1%	-0.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	6.29	6.62	7.08	8.34	8.75
Avg	5.32	5.71	6.24	8.02	8.41
Low	3.52	4.09	5.42	7.78	8.16

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-0.5%	24.3%	23.9%	33.6%	9.1%
Avg	-15.8%	7.3%	9.3%	28.5%	4.9%
Low	-44.3%	-23.2%	-5.1%	24.7%	1.8%

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.