NYSE:ESS

Essex Property Trust (ESS) Price Target & Analyst Ratings

$209.78

+0.15 (+0.07%)

(As of 05/19/2023 08:48 PM ET)

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Today's Range: $209.22
▼
$213.21
50-Day Range: $196.17
▼
$220.66
52-Week Range: $195.03
▼
$300.33

Volume: 236,300 shs
Average Volume: 474,462 shs
Market Capitalization: $13.46 billion

P/E Ratio: 27.82
Dividend Yield: 4.40%
Price Target: $245.18

Essex Property Trust Consensus Rating and Price Target (2023)

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 Analyst Rating

Hold
Based on 22 Analyst Ratings

Consensus Analyst Price Target

$245.18
16.88% Upside

High Prediction	$300.00
Average Prediction	$245.18
Low Prediction	$200.00

Type	Current 5/22/22 to 5/22/23	1 Month Ago 4/22/22 to 4/22/23	3 Months Ago 2/21/22 to 2/21/23	1 Year Ago 5/22/21 to 5/22/22
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	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	9 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	6 Hold rating(s)
Sell	5 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$245.18	$249.52	$254.80	$358.93
Predicted Upside	16.88% Upside	10.11% Upside	10.67% Upside	8.90% 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.

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	2.14	2.42	2.48
Consensus Rating	Hold	Hold	Hold
Predicted Upside	16.88% Upside	193.99% Upside	29.67% Upside
News Sentiment Rating	Positive News	Positive News	Neutral News

Historical Target Prices and 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
5/19/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$246.00 ➝ $221.00	+5.42%
5/15/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform	$204.00	-5.26%
5/1/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$242.00 ➝ $271.00	+23.33%
4/28/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$260.00 ➝ $245.00	+11.99%
4/17/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$239.00 ➝ $200.00	-3.82%
4/12/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Underperform ➝ Sector Outperform	$240.00	+13.52%

3/29/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight	$208.00	+3.86%
3/9/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$250.00 ➝ $255.00	+9.72%
3/1/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$242.00 ➝ $246.00	+11.09%
3/1/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$219.00 ➝ $226.00	-0.90%
2/9/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$250.00	+5.45%
12/16/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$284.00 ➝ $267.00	+22.33%
12/15/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$226.00	+2.29%
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%
11/23/2022	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/14/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$284.00 ➝ $252.00	+17.53%
11/14/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$265.00 ➝ $233.00	+8.22%
10/19/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$280.00 ➝ $237.00	+4.35%
10/13/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$290.00	+27.56%
9/19/2022	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$295.00	+13.00%
8/18/2022	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Malkin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Equal Weight
6/22/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform	$247.00	-3.49%

(Data available from 5/22/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

ESS Price Target - Frequently Asked Questions

What is Essex Property Trust's consensus rating and price target?: According to the issued ratings of 22 analysts in the last year, the consensus rating for Essex Property Trust stock is Hold based on the current 5 sell ratings, 9 hold ratings and 8 buy ratings for ESS. The average twelve-month price prediction for Essex Property Trust is $245.18 with a high price target of $300.00 and a low price target of $200.00. 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 2.14 while the average consensus rating score for finance companies is 2.42. Learn more on how ESS compares to other companies.
Is Essex Property Trust being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Essex Property Trust's stock had 2 upgrades and 2 downgrades 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 9.02% based on their 12-month price targets.
What analysts cover Essex Property Trust?: Essex Property Trust has been rated by Barclays, BMO Capital Markets, Mizuho, Morgan Stanley, Piper Sandler, Scotiabank, Stifel Nicolaus, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.

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This page (NYSE:ESS) was last updated on 5/22/2023 by MarketBeat.com Staff

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