$314.97
0.29% today
NYSE, Sep 16, 08:44 pm CET
ISIN
US2971781057
Symbol
ESS
Sector
Industry

Essex Property Trust Target price 2024 - Analyst rating & recommendation

Essex Property Trust Classifications & Recommendation:

Buy
30%
Hold
67%
Sell
4%

Essex Property Trust Price Target

Target Price $296.57
Price $314.05
Deviation
Number of Estimates 23
23 Analysts have issued a price target Essex Property Trust 2025 . The average Essex Property Trust target price is $296.57. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 27 analysts: 8 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 1.75
3.90% 4.99%
EBITDA Margin 64.33% 69.62%
8.36% 8.23%
Net Margin 24.31% 29.87%
2.98% 22.88%

18 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
2.49% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.8b 3.38%
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, the lowest is
$1.7b 0.55%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $1.7b 3.90%
2024
$1.8b 4.99%
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2025
$1.8b 4.11%
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2026
$1.9b 3.35%
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2027
$2.0b 7.08%
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2028
$2.1b 5.22%
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18 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
1.73% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.4b 11.63%
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, the lowest is
$1.1b 10.32%
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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 13.63%
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2025
$1.2b 1.27%
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2026
$1.2b 1.14%
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2027
$1.4b 10.98%
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2028
$1.4b 2.09%
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EBITDA Margin

2023 64.33% 8.36%
2024
69.62% 8.23%
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2025
67.72% 2.73%
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2026
66.27% 2.14%
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2027
68.68% 3.64%
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2028
66.64% 2.97%
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4 Essex Property Trust Analysts have issued a net profit forecast 2024. The average Essex Property Trust net profit estimate is

$523m
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. This is
1.02% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$571m 10.16%
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, the lowest is
$483m 6.88%
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.

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

Net Profit Estimates

2023 $406m 0.80%
2024
$523m 28.99%
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2025
$378m 27.78%
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2026
$401m 5.97%
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Net Margin

2023 24.31% 2.98%
2024
29.87% 22.88%
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2025
20.72% 30.63%
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2026
21.24% 2.51%
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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 8.15
0.80% 28.96%
P/E 38.52
EV/Sales 15.20

4 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

$8.15
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. This is
0.99% 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
$8.89 10.16%
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, the lowest is
$7.51 6.94%
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.

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

Earnings Per Share

2023 $6.32 0.80%
2024
$8.15 28.96%
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2025
$5.89 27.73%
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2026
$6.24 5.94%
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P/E ratio

Current 38.90 51.07%
2024
38.52 0.98%
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2025
53.34 38.47%
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2026
50.34 5.62%
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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

15.20
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
11.51
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.

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

EV/Sales

Current 15.58 25.04%
2024
15.20 2.42%
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2025
14.60 3.95%
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2026
14.13 3.24%
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2027
13.19 6.61%
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2028
12.54 4.96%
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P/S ratio

Current 11.79 34.84%
2024
11.51 2.43%
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2025
11.05 3.95%
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2026
10.69 3.24%
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2027
9.99 6.61%
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2028
9.49 4.96%
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