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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 $322.00 (represents a 11.92% upside from ESS’s last price of $287.71) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

ESS Price Target

The average price target for Essex Property Trust (ESS) is $322.00 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $355.00 to $294.00. This represents a potential 11.92% upside from ESS's last price of $287.71.

ESS Analyst Ratings

Buy

According to 19 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' (52.63%), 8 'Hold' (42.11%), 1 'Sell' (5.26%), 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 24, 2024Joshua DennerleinBank of America Securities$321.00$309.653.67%11.57%
Sep 04, 2024Julien BlouinGoldman Sachs$318.00$302.695.06%10.53%
Aug 26, 2024Mike LewisTruist Financial$294.00$294.62-0.21%2.19%
Aug 26, 2024Alexander GoldfarbPiper Sandler$355.00$296.0919.90%23.39%
Jun 28, 2024Alexander GoldfarbPiper Sandler$315.00$273.3815.22%9.49%
Jun 14, 2024Nicholas YulicoScotiabank$285.00$277.192.82%-0.94%
May 30, 2024Robert StevensonMizuho Securities$266.00$252.915.18%-7.55%
May 28, 2024Amanda SweitzerRobert W. Baird$264.00$259.401.77%-8.24%
May 14, 2024Adam KramerMorgan Stanley$250.00$260.56-4.05%-13.11%
Apr 09, 2024Michael LewisTruist Financial$255.00$243.504.72%-11.37%
Mar 28, 2024Mike LewisTruist Financial$259.00$241.417.29%-9.98%
Mar 18, 2024Buck HorneRaymond James$265.00$237.6011.53%-7.89%
Feb 28, 2024Robert StevensonMizuho Securities$250.00$232.667.46%-13.11%
Jul 18, 2023Simon YarmakStifel Nicolaus$250.00$239.054.58%-13.11%
Apr 18, 2023Nicholas YulicoScotiabank$240.00$212.2713.06%-16.58%
Mar 31, 2023James FeldmanWells Fargo$208.00$204.181.87%-27.70%
Dec 16, 2022J.P. Morgan$267.00$218.2622.33%-7.20%
Dec 15, 2022UBS$226.00$220.942.29%-21.45%
Dec 02, 2022Morgan Stanley$242.00$219.3510.33%-15.89%
Nov 30, 2022Truist Financial$247.00$214.5715.11%-14.15%
Nov 29, 2022Nicholas YulicoScotiabank$211.00$210.460.26%-26.66%
Nov 14, 2022Goldman Sachs$252.00$210.4719.73%-12.41%
Aug 22, 2022Truist Financial$324.00$286.8312.96%12.61%
Jun 27, 2022Mizuho Securities$273.00$261.754.30%-5.11%
Jun 24, 2022Truist Financial$299.00$259.4415.25%3.92%
Jun 09, 2022Stifel Nicolaus$352.00$277.3626.91%22.35%
May 25, 2022Truist Financial$323.00$279.9015.40%12.27%
Apr 28, 2022RBC Capital$375.00$339.7710.37%30.34%
Jan 13, 2022Jordan SadlerKeyBanc$371.00$345.647.34%28.95%
Dec 16, 2021Nicholas YulicoScotiabank$338.00$338.03-0.01%17.48%
Dec 13, 2021Nicholas JosephCitigroup$370.00$348.226.25%28.60%
Dec 07, 2021Simon YarmakStifel Nicolaus$390.00$340.7914.44%35.55%
Dec 06, 2021Anthony PaoloneJ.P. Morgan$363.00$338.247.32%26.17%
Nov 22, 2021Tammi FiqueWells Fargo$345.00$340.971.18%19.91%
Oct 25, 2021Steve SakwaEvercore ISI$381.00$330.8315.16%32.43%
Sep 23, 2021Chandni LuthraGoldman Sachs$325.00$324.770.07%12.96%
Sep 01, 2021Alexander GoldfarbPiper Sandler$390.00$330.0718.16%35.55%

The latest Essex Property Trust stock forecast, released on Sep 24, 2024 by Joshua Dennerlein from Bank of America Securities, set a price target of $321.00, which represents a 3.67% increase from the stock price at the time of the forecast ($309.65), and a 11.57% increase from ESS last price ($287.71).

Essex Property Trust Price Target by Period

1M3M12M
# Anlaysts--13
Avg Price Target--$284.38
Last Closing Price$287.71$287.71$287.71
Upside/Downside-100.00%-100.00%-1.16%

In the current month, the average price target of Essex Property Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Essex Property Trust's last price of $287.71. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 21, 2024Raymond JamesOutperformMarket PerformDowngrade
Oct 01, 2024RBC CapitalOutperformOutperformHold
Sep 24, 2024Bank of America SecuritiesBuyNeutralDowngrade
Sep 16, 2024Evercore ISIPositivePositiveHold
Sep 16, 2024ScotiabankOutperformOutperformHold
Sep 11, 2024Exane BNP ParibasOutperformInitialise
Sep 10, 2024Deutsche BankHoldHoldHold
Sep 05, 2024ZelmanNeutralInitialise
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
Jul 31, 2024WedbushUnderperformUnderperformHold
Jul 31, 2024Wells FargoSector OutperformSector OutperformHold
Jul 09, 2024Wells FargoSector OutperformSector OutperformHold
Jul 09, 2024WedbushUnderperformUnderperformHold
Jun 28, 2024Piper SandlerOverweightOverweightHold
Jun 17, 2024Wells FargoSector OutperformSector OutperformHold
Jun 14, 2024ScotiabankOutperformOutperformHold
Jun 14, 2024ScotiabankSector OutperformSector OutperformHold
May 30, 2024UBSUnderperformUnderperformHold
May 30, 2024WedbushSector OutperformSector OutperformHold
May 14, 2024ScotiabankOutperformOutperformHold
May 14, 2024Morgan StanleyEqual-WeightEqual-WeightHold
May 06, 2024Piper SandlerOverweightOverweightHold
Apr 29, 2024WedbushBuyBuyHold
Apr 29, 2024Truist FinancialUnderperformUnderperformHold
Apr 09, 2024Truist FinancialBuyBuyHold
Apr 09, 2024RBC CapitalUnderperformUnderperformHold
Apr 01, 2024Bank of America SecuritiesBuyUpgrade
Mar 18, 2024Raymond JamesMarket PerformOutperformUpgrade
Feb 28, 2024NeedhamBuyUpgrade
Feb 28, 2024Mizuho SecuritiesBuyUpgrade
Feb 20, 2024BarclaysUnderweightUnderweightHold
Jan 01, 2024JefferiesBuyUpgrade
Nov 09, 2023BMO CapitalUnderperformMarket PerformUpgrade
Sep 19, 2023BMO CapitalUnderperformDowngrade
Aug 22, 2023CitigroupBuyBuyHold
May 15, 2023Wolfe ResearchUnderperformDowngrade
May 01, 2023Piper SandlerNeutralOverweightUpgrade
Apr 12, 2023ScotiabankSector OutperformUpgrade
Mar 31, 2023Wells FargoUnderweightInitialise
Mar 31, 2023CitigroupBuyBuyHold
Feb 08, 2023Piper SandlerNeutralNeutralHold
Dec 15, 2022UBSNeutralInitialise
Dec 14, 2022Janney MontgomeryNeutralDowngrade
Dec 07, 2022BarclaysOverweightOverweightHold
Dec 02, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Nov 23, 2022Raymond JamesOutperformMarket PerformDowngrade
Nov 14, 2022Goldman SachsBuyBuyHold
Oct 28, 2022Piper SandlerNeutralDowngrade
Oct 27, 2022CFRABuyUpgrade
Sep 19, 2022CitigroupBuyUpgrade
Aug 04, 2022Raymond JamesOutperformUpgrade
Apr 28, 2022RBC CapitalOutperformOutperformHold

Essex Property Trust's last stock rating was published by Raymond James on Oct 21, 2024. The company Downgrade its ESS rating from "Outperform" to "Market Perform".

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 22Jun 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$399.98M$381.90M$371.60M$362.86M$350.98M$355.13M$362.07M$370.81M$370.50M$392.37M$375.37M$366.93M
Avg Forecast$487.54M$484.83M$478.86M$472.69M$463.66M$461.40M$456.46M$450.84M$449.10M$443.45M$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$501.60M$498.81M$492.67M$486.32M$477.03M$474.70M$469.62M$463.65M$458.64M$446.21M$431.14M$420.21M$423.29M$437.87M$424.14M$422.12M$424.22M$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
Low Forecast$476.75M$474.10M$468.25M$462.22M$453.39M$451.18M$446.35M$443.91M$439.58M$440.68M$430.22M$420.21M$416.20M$413.07M$403.12M$401.21M$403.20M$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
# Analysts99998881010999101599131313137777999955
Surprise %------------1.01%1.01%1.01%1.01%1.01%1.01%1.02%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 $420.21M, and a high forecast of $420.21M. 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998881010999101599131313137777999955
EBITDA------------$268.36M$269.14M$288.24M$279.40M$279.45M$298.03M$259.33M$269.41M$329.82M$302.01M$246.40M$349.19M$281.38M$259.29M$274.15M$506.93M$306.41M$276.50M
Avg Forecast$357.60M$355.61M$351.23M$346.71M$340.08M$338.43M$334.80M$330.69M$329.40M$325.26M$315.90M$340.57M$307.07M$305.75M$302.38M$309.61M$238.69M$306.20M$295.16M$281.46M$278.01M$268.34M$263.92M$243.70M$276.46M$277.36M$288.65M$288.81M$280.37M$274.54M
High Forecast$367.92M$365.87M$361.36M$356.70M$349.89M$348.18M$344.46M$340.07M$336.40M$327.29M$316.23M$408.68M$310.48M$321.17M$311.10M$371.53M$286.43M$306.20M$295.16M$337.76M$278.01M$268.34M$263.92M$292.44M$276.46M$277.36M$288.65M$288.81M$280.37M$274.54M
Low Forecast$349.69M$347.74M$343.45M$339.03M$332.55M$330.93M$327.39M$325.60M$322.43M$323.23M$315.56M$272.46M$305.28M$302.98M$295.68M$247.69M$190.95M$306.20M$295.16M$225.17M$278.01M$268.34M$263.92M$194.96M$276.46M$277.36M$288.65M$288.81M$280.37M$274.54M
Surprise %------------0.87%0.88%0.95%0.90%1.17%0.97%0.88%0.96%1.19%1.13%0.93%1.43%1.02%0.93%0.95%1.76%1.09%1.01%

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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998881010999101599131313137777999955
Net Income------------$-4.96M$-5.73M$99.62M$153.53M$185.16M$92.84M$57.05M$73.25M$144.13M$118.39M$64.85M$168.44M$95.75M$73.66M$84.46M$315.01M$128.82M$99.33M
Avg Forecast$106.56M$103.11M$103.17M$98.44M$98.32M$95.57M$97.35M$91.80M$94.63M$86.73M$85.45M$95.23M$93.33M$90.96M$87.16M$86.57M$99.86M$88.50M$86.56M$78.70M$69.16M$65.25M$56.36M$117.56M$65.24M$72.13M$71.43M$362.99M$90.67M$89.18M
High Forecast$110.55M$106.98M$107.04M$102.13M$102.01M$99.16M$101.00M$92.97M$95.36M$87.01M$85.88M$114.28M$94.07M$92.89M$90.43M$103.89M$119.83M$91.91M$86.56M$94.44M$69.16M$65.25M$56.36M$141.07M$65.24M$72.13M$71.43M$435.58M$90.67M$89.18M
Low Forecast$103.49M$100.14M$100.20M$95.61M$95.49M$92.82M$94.55M$90.62M$93.66M$86.46M$85.01M$76.18M$92.35M$81.99M$84.65M$69.26M$79.88M$85.09M$86.56M$62.96M$69.16M$65.25M$56.36M$94.05M$65.24M$72.13M$71.43M$290.39M$90.67M$89.18M
Surprise %-------------0.05%-0.06%1.14%1.77%1.85%1.05%0.66%0.93%2.08%1.81%1.15%1.43%1.47%1.02%1.18%0.87%1.42%1.11%

Essex Property Trust's average Quarter net income forecast for Sep 23 is $90.96M, with a range of $81.99M to $92.89M. ESS's average Quarter net income forecast represents a -8.69% 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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998881010999101599131313137777999955
SG&A------------$19.74M$14.61M$13.81M$15.31M$16.04M$15.17M$13.13M$12.24M$17.09M$12.71M$12.22M$9.81M$23.14M$13.31M$14.95M$13.98M$15.53M$11.35M
Avg Forecast$18.54M$18.43M$18.21M$17.97M$17.63M$17.54M$17.35M$17.14M$17.07M$16.86M$16.37M$15.91M$15.92M$15.85M$15.67M$14.47M$12.47M$15.42M$14.86M$13.15M$14.00M$13.51M$13.29M$6.85M$13.92M$13.96M$14.53M$167.71M$14.12M$13.82M
High Forecast$19.07M$18.96M$18.73M$18.49M$18.14M$18.05M$17.85M$17.63M$17.44M$16.96M$16.39M$19.10M$16.09M$16.65M$16.13M$17.36M$14.96M$15.42M$14.86M$15.78M$14.00M$13.51M$13.29M$8.22M$13.92M$13.96M$14.53M$201.25M$14.12M$13.82M
Low Forecast$18.13M$18.02M$17.80M$17.57M$17.24M$17.15M$16.97M$16.88M$16.71M$16.75M$16.36M$12.73M$15.82M$15.70M$15.33M$11.57M$9.98M$15.42M$14.86M$10.52M$14.00M$13.51M$13.29M$5.48M$13.92M$13.96M$14.53M$134.17M$14.12M$13.82M
Surprise %------------1.24%0.92%0.88%1.06%1.29%0.98%0.88%0.93%1.22%0.94%0.92%1.43%1.66%0.95%1.03%0.08%1.10%0.82%

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 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts99998881010999101599131313137777999955
EPS------------$-0.08$-0.09$1.55$2.38$2.86$1.43$0.87$1.12$2.21$1.82$1.00$2.59$1.47$1.13$1.29$4.77$1.95$1.51
Avg Forecast$1.66$1.60$1.61$1.53$1.53$1.49$1.51$1.43$1.47$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$1.72$1.66$1.67$1.59$1.59$1.54$1.57$1.45$1.48$1.35$1.34$1.29$1.46$1.45$1.41$1.36$1.41$1.43$1.35$1.19$1.08$1.02$0.88$0.96$1.02$1.12$1.11$1.45$1.41$1.39
Low Forecast$1.61$1.56$1.56$1.49$1.49$1.44$1.47$1.41$1.46$1.35$1.32$1.29$1.44$1.28$1.32$1.22$1.32$1.32$1.35$1.19$1.08$1.02$0.88$0.96$1.02$1.12$1.11$1.45$1.41$1.39
Surprise %-------------0.05%-0.06%1.14%1.85%2.11%1.04%0.65%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$42.34$48.0013.37%Buy
ESSEssex Property Trust$286.79$322.0012.28%Buy
EQREquity Residential$72.22$80.6111.62%Buy
CPTCamden Property Trust$116.43$127.569.56%Hold
MAAMid-America Apartment Communities$154.76$169.179.31%Hold
AVBAvalonBay Communities$223.28$242.608.65%Buy
UDRUDR$43.62$44.401.79%Buy

ESS Forecast FAQ

Is Essex Property Trust a good buy?

Yes, according to 19 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 52.63% of ESS's total ratings.

What is ESS's price target?

Essex Property Trust (ESS) average price target is $322 with a range of $294 to $355, implying a 11.92% from its last price of $287.71. The data is based on 19 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Essex Property Trust stock go up soon?

According to Wall Street analysts' prediction for ESS stock, the company can go up by 11.92% (from the last price of $287.71 to the average price target of $322), up by 23.39% based on the highest stock price target, and up by 2.19% based on the lowest stock price target.

Can Essex Property Trust stock reach $400?

ESS's average twelve months analyst stock price target of $322 does not support the claim that Essex Property Trust can reach $400 in the near future.

What are Essex Property Trust's analysts' financial forecasts?

Essex Property Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.83B (high $1.88B, low $1.79B), average EBITDA is $1.34B (high $1.38B, low $1.32B), average net income is $383.04M (high $395.13M, low $373.48M), average SG&A $69.66M (high $71.67M, low $68.24M), and average EPS is $5.96 (high $6.15, low $5.81). ESS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.92B (high $1.98B, low $1.88B), average EBITDA is $1.41B (high $1.45B, low $1.38B), average net income is $411.28M (high $426.7M, low $399.45M), average SG&A $73.15M (high $75.25M, low $71.53M), and average EPS is $6.4 (high $6.64, low $6.21).

Did the ESS's actual financial results beat the analysts' financial forecasts?

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 $1.22B by -7.51%. The company's net income was $-24.883M, missing the average estimation of $358.03M 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 $307.07M by -12.61%. Essex Property Trust's net income was $-4.958M, missing the average estimation of $93.33M by -105.31%. 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%