$288.25
0.51% today
NYSE, Dec 26, 08:15 pm CET
ISIN
US2971781057
Symbol
ESS
Sector
Industry

Essex Property Trust Target price 2024 - Analyst rating & recommendation

Essex Property Trust Classifications & Recommendation:

Buy
22%
Hold
70%
Sell
7%

Essex Property Trust Price Target

Target Price $310.52
Price $286.79
Potential
Number of Estimates 23
23 Analysts have issued a price target Essex Property Trust 2025 . The average Essex Property Trust target price is $310.52. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 27 analysts: 6 Analysts recommend Essex Property Trust to buy, 19 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Essex Property Trust stock has an average upside potential 2025 of . Most analysts recommend the Essex Property Trust stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 1.67 1.76
3.90% 5.24%
EBITDA Margin 64.33% 70.19%
8.36% 9.11%
Net Margin 24.33% 32.14%
2.98% 32.09%

17 Analysts have issued a sales forecast Essex Property Trust 2024 . The average Essex Property Trust sales estimate is

$1.8b
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. This is
0.87% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.8b 1.94%
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, the lowest is
$1.7b 1.70%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.7b 3.90%
2024
$1.8b 5.24%
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2025
$1.8b 4.61%
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2026
$1.9b 3.98%
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2027
$2.0b 3.81%
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2028
$2.1b 4.25%
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16 Analysts have issued an Essex Property Trust EBITDA forecast 2024. The average Essex Property Trust EBITDA estimate is

$1.2b
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. This is
4.50% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.4b 12.16%
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, the lowest is
$1.1b 13.74%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $1.1b 4.79%
2024
$1.2b 14.83%
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2025
$1.2b 0.94%
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2026
$1.3b 3.17%
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2027
$1.4b 6.69%
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2028
$1.4b 2.12%
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EBITDA Margin

2023 64.33% 8.36%
2024
70.19% 9.11%
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2025
67.72% 3.52%
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2026
67.19% 0.78%
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2027
69.06% 2.78%
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2028
67.64% 2.06%
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5 Essex Property Trust Analysts have issued a net profit forecast 2024. The average Essex Property Trust net profit estimate is

$565m
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. This is
2.63% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$598m 8.76%
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, the lowest is
$530m 3.62%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $406m 0.80%
2024
$565m 39.00%
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2025
$387m 31.49%
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2026
$401m 3.66%
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Net Margin

2023 24.33% 2.98%
2024
32.14% 32.09%
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2025
21.05% 34.51%
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2026
20.98% 0.33%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 6.32 8.78
0.80% 38.92%
P/E 32.65
EV/Sales 14.23

5 Analysts have issued a Essex Property Trust forecast for earnings per share. The average Essex Property Trust <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$8.78
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. This is
2.57% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$9.31 8.76%
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, the lowest is
$8.25 3.62%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $6.32 0.80%
2024
$8.78 38.92%
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2025
$6.02 31.44%
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2026
$6.24 3.65%
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P/E ratio

Current 33.52 11.85%
2024
32.65 2.60%
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2025
47.65 45.94%
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2026
45.97 3.53%
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Based on analysts' sales estimates for 2024, the Essex Property Trust stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

14.23
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
10.49
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 14.35 9.63%
2024
14.23 0.84%
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2025
13.60 4.41%
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2026
13.08 3.83%
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2027
12.60 3.67%
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2028
12.09 4.08%
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P/S ratio

Current 10.58 12.19%
2024
10.49 0.86%
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2025
10.03 4.41%
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2026
9.64 3.83%
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2027
9.29 3.67%
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2028
8.91 4.08%
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