Essex Property Trust (ESS) Stock Forecast & Price Target

$294.60

+0.43 (+0.15%)

(As of 09/27/2024 08:50 PM ET)

Essex Property Trust - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
1

Hold
12

Buy
7

Based on 20 Wall Street analysts who have issued ratings for Essex Property Trust in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 1 has given a sell rating, 12 have given a hold rating, and 7 have given a buy rating for ESS.

Consensus Price Target

$293.40
-0.41% Downside

According to the 20 analysts' twelve-month price targets for Essex Property Trust, the average price target is $293.40. The highest price target for ESS is $355.00, while the lowest price target for ESS is $225.00. The average price target represents a forecasted downside of -0.41% from the current price of $294.60.

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ESS Analyst Ratings Over Time

Type	Current Forecast 10/1/23 to 9/30/24	1 Month Ago 9/1/23 to 8/31/24	3 Months Ago 7/3/23 to 7/2/24	1 Year Ago 10/1/22 to 10/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$293.40	$276.70	$258.63	$243.20
Forecasted Upside	-0.41% Downside	-8.31% Downside	-5.27% Downside	14.67% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ESS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ESS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Essex Property Trust Stock vs. The Competition

Type	Essex Property Trust	Finance Companies	S&P 500
Consensus Rating Score	2.30	2.47	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-0.41% Downside	12.84% Upside	6.17% Upside
News Sentiment Rating	Positive News See Recent ESS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/24/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$307.00 ➝ $321.00	+3.67%
9/16/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Outperform ➝ Sector Outperform	$309.00 ➝ $329.00	+4.42%
9/16/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ In-Line	$283.00 ➝ $287.00	-8.53%
9/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$265.00 ➝ $297.00	-5.33%
9/11/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Flangos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$333.00	+8.02%
9/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$240.00 ➝ $308.00	+0.81%
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9/4/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Luthra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong Sell ➝ Neutral	$318.00	+5.06%
8/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$295.00 ➝ $325.00	+9.76%
8/27/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$282.00 ➝ $294.00	+0.51%
8/26/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$315.00 ➝ $355.00	+20.37%
8/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$269.00 ➝ $314.00	+6.05%
8/5/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$264.00 ➝ $301.00	+8.49%
8/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$284.00 ➝ $288.00	+3.02%
7/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$267.00 ➝ $268.00	-6.61%
7/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$261.00 ➝ $283.00	-1.49%
5/30/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $266.00	+5.18%
5/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$230.00 ➝ $250.00	-4.38%
2/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$224.00 ➝ $225.00	-4.41%
1/2/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$215.00 ➝ $281.00	+13.33%
11/9/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$235.00 ➝ $225.00	+6.74%
9/7/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$280.00 ➝ $260.00	+12.44%
5/31/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/19/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/15/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform	$204.00	-5.26%
12/14/2022	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Robert Stevenson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$241.00	+7.97%
12/7/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$314.00 ➝ $240.00	+13.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:32 AM ET.

ESS Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Essex Property Trust is $293.40, with a high forecast of $355.00 and a low forecast of $225.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last year. There is currently 1 sell rating, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESS, but not buy additional shares or sell existing shares.
: According to analysts, Essex Property Trust's stock has a predicted downside of -0.41% based on their 12-month stock forecasts.
: Over the previous 90 days, Essex Property Trust's stock had 1 downgrade by analysts.
: Essex Property Trust has been rated by research analysts at Bank of America, BNP Paribas, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Piper Sandler, Raymond James, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Essex Property Trust less than other "finance" companies. The consensus rating score for Essex Property Trust is 2.30 while the average consensus rating score for "finance" companies is 2.47. Learn more on how ESS compares to other companies.