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NIO   3.81 (-2.06%)
BABA   69.61 (-1.43%)
T   16.09 (-0.92%)
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MU   121.77 (+0.33%)
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CGC   6.70 (-4.01%)
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Essex Property Trust (ESS) Stock Forecast & Price Target

$232.63
-2.96 (-1.26%)
(As of 04/16/2024 ET)

Essex Property Trust Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 18 Analyst Ratings

Analysts' Consensus Price Target

$245.37
5.48% Upside
High Forecast$291.00
Average Forecast$245.37
Low Forecast$204.00
TypeCurrent Forecast
4/17/23 to 4/16/24
1 Month Ago
3/18/23 to 3/17/24
3 Months Ago
1/17/23 to 1/17/24
1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
7 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$245.37$242.39$244.56$249.52
Predicted Upside5.48% Upside6.65% Upside8.72% Upside10.11% Upside
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ESS Analyst Ratings 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.
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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.
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Essex Property Trust Stock vs. The Competition

TypeEssex Property TrustFinance CompaniesS&P 500
Consensus Rating Score
2.17
2.43
2.49
Consensus RatingHoldHoldHold
Predicted Upside5.45% Upside79.25% Upside12.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/9/2024Truist Financial
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 Lower TargetHold ➝ Hold$259.00 ➝ $255.00+3.23%
4/1/2024Bank of America
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 UpgradeNeutral ➝ Buy$250.00 ➝ $275.00+12.94%
3/26/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$291.00+21.49%
3/18/2024Raymond James
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 UpgradeMarket Perform ➝ Outperform$265.00+10.85%
2/28/2024Mizuho
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 UpgradeNeutral ➝ Buy$255.00 ➝ $250.00+9.78%
2/26/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$227.00 ➝ $230.00+1.00%
2/22/2024The Goldman Sachs Group
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 Reiterated RatingSell$227.00-3.45%
2/20/2024Barclays
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 Boost TargetUnderweight ➝ Underweight$224.00 ➝ $225.00-4.41%
2/8/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$237.00 ➝ $239.00+4.81%
2/7/2024Stifel Nicolaus
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 Lower TargetHold ➝ Hold$225.00 ➝ $223.00-2.63%
1/30/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$240.00+1.31%
1/2/2024Jefferies Financial Group
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 UpgradeHold ➝ Buy$215.00 ➝ $281.00+13.33%
11/9/2023BMO Capital Markets
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 UpgradeUnderperform ➝ Market Perform$235.00 ➝ $225.00+6.74%
10/9/2023Evercore ISI
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 Lower Target$247.00 ➝ $235.00+8.83%
10/3/2023Wedbush
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 Initiated CoverageNeutral$225.00+7.73%
9/12/2023Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$247.00 ➝ $244.00+9.81%
9/7/2023Citigroup
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 DowngradeBuy ➝ Neutral$280.00 ➝ $260.00+12.44%
8/21/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$252.00 ➝ $268.00+14.08%
5/31/202322nd Century Group
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 Reiterated RatingMaintains
5/19/202351job
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 Reiterated RatingMaintains
5/15/2023Wolfe Research
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 DowngradePeer Perform ➝ Underperform$204.00-5.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:40 PM ET.

ESS Price Target - Frequently Asked Questions

What is Essex Property Trust's consensus rating and price target?

According to the issued ratings of 18 analysts in the last year, the consensus rating for Essex Property Trust stock is Hold based on the current 3 sell ratings, 9 hold ratings and 6 buy ratings for ESS. The average twelve-month price prediction for Essex Property Trust is $245.37 with a high price target of $291.00 and a low price target of $204.00. Learn more on ESS's analyst rating history.

Do Wall Street analysts like Essex Property Trust more than its competitors?

Analysts like Essex Property Trust less than other Finance companies. The consensus rating score for Essex Property Trust is 2.17 while the average consensus rating score for finance companies is 2.43. Learn more on how ESS compares to other companies.

Is Essex Property Trust being upgraded by Wall Street analysts?

Over the previous 90 days, Essex Property Trust's stock had 3 upgrades by analysts.

Does Essex Property Trust's stock price have much upside?

According to analysts, Essex Property Trust's stock has a predicted upside of 6.35% based on their 12-month stock forecasts.

What analysts cover Essex Property Trust?

Stock Ratings Reports and Tools

This page (NYSE:ESS) was last updated on 4/16/2024 by MarketBeat.com Staff

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