15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 17 firms covering Essex Property Trust Inc, 7 rate it Buy or better, 9 sit at Hold, and 1 rate it Sell or worse, a hold consensus. Targets are tightly clustered, $275.00 to $352.00, so the covering firms are broadly aligned. The average target of $295.38 is roughly in line with the current $294.44. Sentiment has cooled somewhat, with Sell ratings rising from 0 to 1 over recent months. On the fundamentals, the Street sees revenue growth near 3% this year and 3% next, consensus EPS building from about $1.41 next quarter toward $6.15 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS17 ratings
Hold
Strong Buy00%
Buy741%
Hold953%
Sell16%
Strong Sell00%
Based on 17 analysts giving stock ratings to Essex Property Trust Inc.
As of Jul, 7 of 17 firms rate ESS a Buy (9 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
ESS EPS & revenue forecast
EPS · NEXT QUARTER
$1.41
Range $1.38 – $1.45 · 5 analysts · -11% YoY
Next period, 5 analysts expect Essex Property Trust Inc to earn $1.41 a share (range $1.38 – $1.45), versus $1.59 a year earlier. Full-year consensus is $5.90, growing to $6.15 the year after.
REVENUE · NEXT QUARTER
$489.4M
Range $482.2M – $493.3M · 5 analysts · +4% YoY
Revenue is expected to reach $489.4M (range $482.2M – $493.3M), +4.0% year-over-year. Full-year consensus is $1.9B, rising to $2.0B next year.
Top analysts covering Essex Property Trust Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on ESS.
#1
Alexander Goldfarb
Piper Sandler · Rank #97
Buy
$310.00+5.3% to target
Overall win rate
43%
+ Follow
#2
Steve Sakwa
Evercore ISI Group · Rank #127
Buy
$297.00+0.9% to target
Overall win rate
40%
+ Follow
#3
Michael Lewis
Truist Securities · Rank #178
Hold
$286.00-2.9% to target
Overall win rate
41%
+ Follow
#4
Buck Horne
Raymond James · Rank #270
Buy
$320.00+8.7% to target
Overall win rate
37%
+ Follow
#5
Richard Hightower
Barclays
Hold
$296.00+0.5% to target
Coverage
—
+ Follow
ESS stock forecast FAQ
What is ESS's average 12-month price target?+
The 17 analysts with a live target average $295.38 for Essex Property Trust Inc over the next 12 months, ranging from a $352.00 high to a $275.00 low.
Is ESS stock a Buy, Sell or Hold right now?+
The current consensus is Hold. Of the 17 analyst ratings, 7 are Buy or Strong Buy, 9 are Hold, and 1 are Sell or Strong Sell.
What are the highest and lowest price targets for ESS?+
The Street-high target is $352.00 (Piper Sandler), and the Street-low is $275.00 (JP Morgan). The average of all 17 active targets is $295.38.
How many Wall Street analysts cover ESS?+
17 analysts have an active rating on Essex Property Trust Inc, and 17 firms carry a live 12-month price target.
Who is the most accurate analyst covering ESS?+
Among analysts who currently cover ESS, Alexander Goldfarb of Piper Sandler has the strongest overall Quantellect track record (Rank #97). Their current call is Buy with a $310.00 target.
What is Essex Property Trust Inc's projected EPS for next quarter?+
The consensus estimate is $1.41 per share (range $1.38 – $1.45) across 5 analysts. Full-year EPS is projected at $5.90, rising to $6.15 the following year.
How much revenue is Essex Property Trust Inc expected to report next quarter?+
Consensus revenue is $489.4M (range $482.2M – $493.3M). Full-year revenue is projected at $1.9B, growing to $2.0B next year.
Have analysts been upgrading or downgrading ESS lately?+
As of Jul, 7 of 17 firms rate ESS a Buy (9 Hold, 1 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their ESS calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
