$309.14
1.58% today
NYSE, Nov 22, 03:45 pm CET
ISIN
US2971781057
Symbol
ESS
Sector
Industry

Essex Property Trust Target price 2024 - Analyst rating & recommendation

Essex Property Trust Classifications & Recommendation:

Buy
24%
Hold
72%
Sell
4%

Essex Property Trust Price Target

Target Price $304.23
Price $304.34
Deviation
Number of Estimates 22
22 Analysts have issued a price target Essex Property Trust 2025 . The average Essex Property Trust target price is $304.23. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 25 analysts: 6 Analysts recommend Essex Property Trust to buy, 18 to hold and 1 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% 5.21%
EBITDA Margin 64.33% 69.79%
8.36% 8.49%
Net Margin 24.33% 30.82%
2.98% 26.67%

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
0.84% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.8b 1.95%
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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 5.21%
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2025
$1.8b 4.37%
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2026
$1.9b 3.93%
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2027
$2.0b 5.37%
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2028
$2.1b 5.20%
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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
5.06% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.4b 9.88%
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, the lowest is
$1.1b 13.00%
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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 14.15%
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2025
$1.2b 1.10%
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2026
$1.3b 2.83%
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2027
$1.4b 7.51%
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2028
$1.4b 2.12%
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EBITDA Margin

2023 64.33% 8.36%
2024
69.79% 8.49%
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2025
67.60% 3.14%
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2026
66.88% 1.07%
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2027
68.24% 2.03%
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2028
66.24% 2.93%
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6 Essex Property Trust Analysts have issued a net profit forecast 2024. The average Essex Property Trust net profit estimate is

$541m
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. This is
1.61% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$587m 6.66%
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, the lowest is
$498m 9.40%
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.

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

Net Profit Estimates

2023 $406m 0.80%
2024
$541m 33.27%
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2025
$392m 27.62%
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2026
$412m 5.27%
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Net Margin

2023 24.33% 2.98%
2024
30.82% 26.67%
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2025
21.37% 30.66%
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2026
21.65% 1.31%
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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 8.42
0.80% 33.23%
P/E 36.13
EV/Sales 14.87

6 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

$8.42
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. This is
1.64% lower
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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
$9.13 6.66%
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, the lowest is
$7.75 9.46%
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.

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

Earnings Per Share

2023 $6.32 0.80%
2024
$8.42 33.23%
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2025
$6.10 27.55%
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2026
$6.42 5.25%
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P/E ratio

Current 35.57 37.44%
2024
36.13 1.57%
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2025
49.92 38.17%
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2026
47.42 5.01%
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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

14.87
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
11.14
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.

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

EV/Sales

Current 15.00 27.12%
2024
14.87 0.83%
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2025
14.25 4.19%
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2026
13.71 3.78%
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2027
13.01 5.10%
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2028
12.37 4.95%
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P/S ratio

Current 11.23 37.87%
2024
11.14 0.84%
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2025
10.67 4.19%
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2026
10.27 3.78%
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2027
9.74 5.10%
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2028
9.26 4.95%
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