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Essex Property Trust (ESS) Stock Forecast & Price Target

$284.79
+0.65 (+0.23%)
(As of 07/19/2024 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

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, 2 have given a sell rating, 11 have given a hold rating, and 7 have given a buy rating for ESS.

Consensus Price Target

$262.15
-7.95% Downside
High Forecast$315.00
Average Forecast$262.15
Low Forecast$225.00

According to the 20 analysts' twelve-month price targets for Essex Property Trust, the average price target is $262.15. The highest price target for ESS is $315.00, while the lowest price target for ESS is $225.00. The average price target represents a forecasted downside of -7.95% from the current price of $284.79.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
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
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
Hold
11 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$262.15$257.28$245.37$245.14
Forecasted Upside-7.95% Downside4.56% Upside6.35% Upside8.94% Upside
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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.
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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
2.25
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-7.95% Downside37.77% Upside10.03% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024UBS Group
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$261.00 ➝ $283.00-1.49%
7/9/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$243.50 ➝ $267.00-2.57%
7/9/2024Evercore ISI
2 of 5 stars
 Boost TargetIn-Line ➝ In-Line$254.00 ➝ $260.00-4.58%
6/28/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$315.00 ➝ $315.00+16.53%
6/24/2024Truist Financial
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 Boost TargetHold ➝ Hold$255.00 ➝ $282.00+1.36%
6/17/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$244.00 ➝ $265.00-3.92%
6/14/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$283.00 ➝ $285.00+3.98%
5/31/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$232.00 ➝ $269.00+4.26%
5/30/2024Mizuho
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 Boost TargetBuy ➝ Buy$250.00 ➝ $266.00+5.18%
5/14/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$230.00 ➝ $250.00-4.38%
5/6/2024Wedbush
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 Boost TargetNeutral ➝ Neutral$240.00 ➝ $264.00+3.73%
4/1/2024Bank of America
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 UpgradeNeutral ➝ Buy$250.00 ➝ $275.00+12.94%
3/18/2024Raymond James
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 UpgradeMarket Perform ➝ Outperform$265.00+10.85%
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%
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%
9/7/2023Citigroup
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 DowngradeBuy ➝ Neutral$280.00 ➝ $260.00+12.44%
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%
12/14/2022Janney Montgomery Scott
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Robert Stevenson
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DowngradeBuy ➝ Neutral$241.00+7.97%
12/7/2022KeyCorp
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 Lower TargetOverweight$314.00 ➝ $240.00+13.70%
8/18/2022Capital One Financial
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N. Malkin
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Reiterated RatingEqual Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:24 PM ET.

ESS Forecast - Frequently Asked Questions

What is Essex Property Trust's forecast for 2024?

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Essex Property Trust is $262.15, with a high forecast of $315.00 and a low forecast of $225.00.

Should I buy or sell Essex Property Trust stock right now?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Essex Property Trust in the last twelve months. There are currently 2 sell ratings, 11 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.

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

According to analysts, Essex Property Trust's stock has a predicted upside of 3.47% based on their 12-month stock forecasts.

What analysts cover Essex Property Trust?

Essex Property Trust has been rated by research analysts at Evercore ISI, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, Stifel Nicolaus, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.

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 2.25 while the average consensus rating score for "finance" companies is 2.45. Learn more on how ESS compares to other companies.


This page (NYSE:ESS) was last updated on 7/20/2024 by MarketBeat.com Staff

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