Essex Property Trust (ESS) Stock Forecast, Price Target & Predictions


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ESS Stock Forecast


Essex Property Trust stock forecast is as follows: an average price target of $296.56 (represents a -5.57% downside from ESS’s last price of $314.05) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

ESS Price Target


The average price target for Essex Property Trust (ESS) is $296.56 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $381.00 to $208.00. This represents a potential -5.57% downside from ESS's last price of $314.05.

ESS Analyst Ratings


Buy

According to 17 Wall Street analysts, Essex Property Trust's rating consensus is 'Buy'. The analyst rating breakdown for ESS stock is 0 'Strong Buy' (0.00%), 10 'Buy' (58.82%), 6 'Hold' (35.29%), 1 'Sell' (5.88%), and 0 'Strong Sell' (0.00%).

Essex Property Trust Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 04, 2024Julien BlouinGoldman Sachs$318.00$302.695.06%1.26%
Aug 26, 2024Mike LewisTruist Financial$294.00$294.62-0.21%-6.38%
Aug 26, 2024Alexander GoldfarbPiper Sandler$355.00$296.0919.90%13.04%
Jun 28, 2024Alexander GoldfarbPiper Sandler$315.00$273.3815.22%0.30%
Jun 14, 2024Nicholas YulicoScotiabank$285.00$277.192.82%-9.25%
May 30, 2024Robert StevensonMizuho Securities$266.00$252.915.18%-15.30%
May 28, 2024Amanda SweitzerRobert W. Baird$264.00$259.401.77%-15.94%
May 14, 2024Adam KramerMorgan Stanley$250.00$260.56-4.05%-20.39%
Apr 09, 2024Michael LewisTruist Financial$255.00$243.504.72%-18.80%
Mar 28, 2024Mike LewisTruist Financial$259.00$241.417.29%-17.53%
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The latest Essex Property Trust stock forecast, released on Sep 04, 2024 by Julien Blouin from Goldman Sachs, set a price target of $318.00, which represents a 5.06% increase from the stock price at the time of the forecast ($302.69), and a 1.26% increase from ESS last price ($314.05).

Essex Property Trust Price Target by Period


1M3M12M
# Anlaysts3412
Avg Price Target$322.33$320.50$281.33
Last Closing Price$314.05$314.05$314.05
Upside/Downside2.64%2.05%-10.42%

In the current month, the average price target of Essex Property Trust stock is $322.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 2.64% increase as opposed to Essex Property Trust's last price of $314.05. This month's average price target is up 0.57% compared to last quarter, and up 14.57% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 11, 2024Exane BNP Paribas-OutperformInitialise
Sep 10, 2024Deutsche BankHoldHoldHold
Sep 05, 2024Zelman-NeutralInitialise
Sep 04, 2024Goldman SachsBuyNeutralInitialise
Aug 29, 2024Raymond JamesOutperformOutperformHold
Aug 26, 2024WedbushUnderperformUnderperformHold
Aug 26, 2024Wells FargoSector OutperformSector OutperformHold
Aug 26, 2024Piper SandlerOverweightOverweightHold
Aug 26, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 07, 2024ScotiabankOutperformOutperformHold
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Essex Property Trust's last stock rating was published by Exane BNP Paribas on Sep 11, 2024. The company Initialise its ESS rating from "null" to "Outperform".

Essex Property Trust Financial Forecast


Essex Property Trust Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$421.75M$419.18M$416.04M$412.42M$415.18M$409.75M-$381.90M$371.60M$362.86M$350.98M$355.13M$362.07M$370.81M$370.50M$392.37M$375.37M$366.93M
Avg Forecast$478.50M$477.30M$470.20M$464.40M$460.64M$458.05M$453.87M$447.45M$445.35M$442.96M$430.68M$420.21M$418.65M$416.84M$412.25M$410.29M$412.33M$405.49M$390.87M$374.80M$368.16M$355.35M$349.50M$356.21M$366.10M$367.30M$382.24M$382.46M$371.27M$363.56M
High Forecast$492.84M$491.60M$484.29M$478.32M$474.45M$471.78M$467.47M$460.86M$458.70M$448.74M$443.59M$432.80M$423.29M$437.87M$424.60M$422.58M$424.69M$417.64M$390.87M$388.03M$381.15M$367.90M$361.84M$368.78M$379.02M$380.26M$395.74M$395.96M$384.38M$376.39M
Low Forecast$472.80M$471.61M$464.60M$458.86M$455.15M$452.59M$448.46M$442.11M$440.04M$433.41M$425.55M$415.20M$416.20M$413.07M$407.33M$405.40M$407.41M$400.65M$390.87M$368.79M$362.25M$349.65M$343.90M$350.50M$360.23M$361.41M$376.11M$376.33M$365.32M$357.73M
# Analysts107558544811591015991313667773333323
Surprise %------------1.01%1.01%1.01%1.01%1.01%1.01%-1.02%1.01%1.02%1.00%1.00%0.99%1.01%0.97%1.03%1.01%1.01%

Essex Property Trust's average Quarter revenue forecast for Mar 24 based on 9 analysts is $420.21M, with a low forecast of $415.20M, and a high forecast of $432.80M. ESS's average Quarter revenue forecast represents a -0.36% decrease compared to the company's last Quarter revenue of $421.75M (Dec 23).

Essex Property Trust EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811591015991313667773333323
EBITDA------------$268.36M$269.14M$288.24M$279.40M$279.45M$298.03M-$269.41M$329.82M$302.01M$246.40M$349.19M$281.38M$259.29M$274.15M$506.93M$306.41M$276.50M
Avg Forecast$361.34M$360.43M$355.07M$350.69M$347.85M$345.90M$342.74M$337.89M$336.31M$334.51M$325.23M$340.57M$316.14M$314.78M$311.31M$309.61M$311.37M$379.58M$295.16M$281.46M$188.69M$300.07M$242.27M$243.70M$168.55M$239.54M$220.84M$288.81M$201.26M$241.42M
High Forecast$372.17M$371.24M$365.71M$361.20M$358.28M$356.26M$353.01M$348.02M$346.39M$338.87M$334.98M$408.68M$319.65M$330.66M$320.64M$371.53M$320.70M$455.50M$295.16M$337.76M$226.43M$360.08M$290.73M$292.44M$202.26M$287.44M$265.01M$299.01M$241.52M$289.70M
Low Forecast$357.03M$356.14M$350.84M$346.51M$343.71M$341.77M$338.66M$333.86M$332.30M$327.29M$321.35M$272.46M$314.30M$311.93M$307.60M$247.69M$307.66M$303.67M$295.16M$225.17M$150.95M$240.05M$193.82M$194.96M$134.84M$191.63M$176.67M$284.18M$161.01M$193.14M
Surprise %------------0.85%0.86%0.93%0.90%0.90%0.79%-0.96%1.75%1.01%1.02%1.43%1.67%1.08%1.24%1.76%1.52%1.15%

9 analysts predict ESS's average Quarter EBITDA for Mar 24 to be $340.57M, with a high of $408.68M and a low of $272.46M. This is 26.91% upper than Essex Property Trust's previous annual EBITDA (Dec 23) of $268.36M.

Essex Property Trust Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811591015991313667773333323
Net Income------------$-4.96M$-5.73M$99.62M$153.53M$185.16M$92.84M-$73.25M$144.13M$118.39M$64.85M$168.44M$95.75M$73.66M$84.46M$315.01M$128.82M$99.33M
Avg Forecast$109.49M$108.71M$104.48M$100.24M$98.91M$97.22M$96.33M$90.58M$87.53M$86.39M$85.39M$95.23M$93.27M$90.90M$87.10M$86.57M$87.01M$148.80M$86.54M$78.70M$78.94M$117.63M$63.76M$117.56M$57.35M$68.05M$68.04M$362.99M$84.61M$86.73M
High Forecast$113.75M$112.94M$108.55M$104.14M$102.76M$101.01M$100.08M$94.11M$90.94M$87.73M$88.71M$114.28M$94.00M$92.82M$90.50M$103.89M$90.40M$178.56M$86.54M$94.44M$94.72M$141.15M$76.51M$141.07M$68.82M$81.66M$81.64M$435.58M$101.53M$104.08M
Low Forecast$107.79M$107.02M$102.86M$98.68M$97.38M$95.72M$94.84M$89.17M$86.17M$85.49M$84.06M$76.18M$92.29M$81.94M$85.75M$69.26M$85.66M$119.04M$86.54M$62.96M$63.15M$94.10M$51.01M$94.05M$45.88M$54.44M$54.43M$290.39M$67.69M$69.39M
Surprise %-------------0.05%-0.06%1.14%1.77%2.13%0.62%-0.93%1.83%1.01%1.02%1.43%1.67%1.08%1.24%0.87%1.52%1.15%

Essex Property Trust's average Quarter net income forecast for Sep 23 is $90.90M, with a range of $81.94M to $92.82M. ESS's average Quarter net income forecast represents a -8.75% decrease compared to the company's last Quarter net income of $99.62M (Jun 23).

Essex Property Trust SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811591015991313667773333323
SG&A------------$19.74M$14.61M$13.81M$15.31M$16.04M$15.17M-$12.24M$17.09M$12.71M$12.22M$9.81M$23.14M$13.31M$14.95M$13.98M$15.53M$11.35M
Avg Forecast$18.19M$18.15M$17.88M$17.66M$17.51M$17.41M$17.26M$17.01M$16.93M$16.84M$16.37M$15.91M$15.92M$15.85M$15.67M$14.47M$15.68M$15.98M$14.86M$13.15M$9.86M$12.63M$12.02M$6.85M$13.86M$12.30M$12.04M$167.71M$90.93M$115.39M
High Forecast$18.74M$18.69M$18.41M$18.19M$18.04M$17.94M$17.77M$17.52M$17.44M$17.06M$16.86M$19.10M$16.09M$16.65M$16.14M$17.36M$16.15M$19.17M$14.86M$15.78M$11.83M$15.16M$14.42M$8.22M$16.64M$14.76M$14.45M$201.25M$109.12M$138.47M
Low Forecast$17.98M$17.93M$17.66M$17.45M$17.30M$17.21M$17.05M$16.81M$16.73M$16.48M$16.18M$12.73M$15.82M$15.70M$15.49M$11.57M$15.49M$12.78M$14.86M$10.52M$7.89M$10.10M$9.61M$5.48M$11.09M$9.84M$9.64M$134.17M$72.75M$92.31M
Surprise %------------1.24%0.92%0.88%1.06%1.02%0.95%-0.93%1.73%1.01%1.02%1.43%1.67%1.08%1.24%0.08%0.17%0.10%

Essex Property Trust's average Quarter SG&A projection for Mar 24 is $15.91M, based on 9 Wall Street analysts, with a range of $12.73M to $19.10M. The forecast indicates a -19.37% fall compared to ESS last annual SG&A of $19.74M (Dec 23).

Essex Property Trust EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts107558544811591015991313667773333323
EPS------------$-0.08$-0.09$1.55$2.38$2.86$1.43-$1.12$2.21$1.82$1.00$2.59$1.47$1.13$1.29$4.77$1.95$1.51
Avg Forecast$1.70$1.69$1.63$1.56$1.54$1.51$1.50$1.41$1.36$1.35$1.33$1.29$1.45$1.42$1.36$1.29$1.35$1.38$1.35$1.19$1.08$1.02$0.88$0.96$1.02$1.12$1.11$1.45$1.41$1.39
High Forecast$1.77$1.76$1.69$1.62$1.60$1.57$1.56$1.47$1.42$1.37$1.38$1.34$1.46$1.45$1.41$1.34$1.41$1.43$1.35$1.24$1.13$1.06$0.92$1.01$1.06$1.17$1.16$1.52$1.48$1.45
Low Forecast$1.68$1.67$1.60$1.54$1.52$1.49$1.48$1.39$1.34$1.33$1.31$1.27$1.44$1.28$1.34$1.27$1.33$1.36$1.35$1.16$1.05$0.99$0.86$0.94$0.99$1.10$1.09$1.42$1.38$1.36
Surprise %-------------0.05%-0.06%1.14%1.85%2.11%1.04%-0.94%2.05%1.79%1.14%2.69%1.45%1.01%1.16%3.29%1.38%1.09%

According to 15 Wall Street analysts, Essex Property Trust's projected average Quarter EPS for Sep 23 is $1.42, with a low estimate of $1.28 and a high estimate of $1.45. This represents a -8.69% decrease compared to ESS previous annual EPS of $1.55 (Jun 23).

Essex Property Trust Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NXRTNexPoint Residential Trust$45.90$59.6730.00%Hold
MAAMid-America Apartment Communities$166.18$196.5618.28%Hold
EQREquity Residential$78.08$81.774.73%Buy
CPTCamden Property Trust$125.60$126.911.04%Hold
AVBAvalonBay Communities$234.75$235.060.13%Buy
UDRUDR$47.13$46.23-1.91%Buy
ESSEssex Property Trust$314.05$296.56-5.57%Buy

ESS Forecast FAQ


Yes, according to 17 Wall Street analysts, Essex Property Trust (ESS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 58.82% of ESS's total ratings.

Essex Property Trust (ESS) average price target is $296.56 with a range of $208 to $381, implying a -5.57% from its last price of $314.05. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ESS stock, the company can go down by -5.57% (from the last price of $314.05 to the average price target of $296.56), up by 21.32% based on the highest stock price target, and down by -33.77% based on the lowest stock price target.

ESS's average twelve months analyst stock price target of $296.56 does not support the claim that Essex Property Trust can reach $500 in the near future.

3 Wall Street analysts forecast a $322.33 price target for Essex Property Trust (ESS) this month, up 2.64% from its last price of $314.05. Compared to the last 3 and 12 months, the average price target increased by 2.05% and decreased by -10.42%, respectively.

Essex Property Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.82B (high $1.87B, low $1.8B), average EBITDA is $1.37B (high $1.42B, low $1.36B), average net income is $383.04M (high $397.96M, low $377.11M), average SG&A $69.2M (high $71.27M, low $68.37M), and average EPS is $5.96 (high $6.2, low $5.87). ESS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.89B (high $1.95B, low $1.87B), average EBITDA is $1.43B (high $1.47B, low $1.41B), average net income is $422.9M (high $439.38M, low $416.35M), average SG&A $71.87M (high $74.03M, low $71.01M), and average EPS is $6.58 (high $6.84, low $6.48).

Based on Essex Property Trust's last annual report (Dec 2023), the company's revenue was $1.67B, beating the average analysts forecast of $1.66B by 0.69%. Apple's EBITDA was $1.13B, missing the average prediction of $1.25B by -9.51%. The company's net income was $-24.883M, missing the average estimation of $357.85M by -106.95%. Apple's SG&A was $63.47M, beating the average forecast of $61.91M by 2.53%. Lastly, the company's EPS was $-0.39, missing the average prediction of $5.51 by -107.08%. In terms of the last quarterly report (Dec 2023), Essex Property Trust's revenue was $421.75M, beating the average analysts' forecast of $418.65M by 0.74%. The company's EBITDA was $268.36M, missing the average prediction of $316.14M by -15.11%. Essex Property Trust's net income was $-4.958M, missing the average estimation of $93.27M by -105.32%. The company's SG&A was $19.74M, beating the average forecast of $15.92M by 24.02%. Lastly, the company's EPS was $-0.0772, missing the average prediction of $1.45 by -105.32%