Critical Insights From Essex Property Trust Analyst Ratings: What You Need To Know

Essex Property Trust, Inc. +0.23%

Essex Property Trust, Inc.

ESS

284.79

+0.23%

In the preceding three months, 13 analysts have released ratings for Essex Property Trust (NYSE:ESS), presenting a wide array of perspectives from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 3 6 1 1
Last 30D 0 0 1 0 0
1M Ago 1 0 1 0 0
2M Ago 0 2 2 0 0
3M Ago 1 1 2 1 1

Analysts have set 12-month price targets for Essex Property Trust, revealing an average target of $247.31, a high estimate of $291.00, and a low estimate of $223.00. Marking an increase of 2.01%, the current average surpasses the previous average price target of $242.44.

price target chart

Decoding Analyst Ratings: A Detailed Look

The perception of Essex Property Trust by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Richard Anderson Wedbush Maintains Neutral $240.00 -
Michael Lewis Truist Securities Lowers Hold $255.00 $259.00
Joshua Dennerlein B of A Securities Raises Buy $275.00 $250.00
Michael Lewis Truist Securities Lowers Hold $259.00 $276.00
Alexander Goldfarb Piper Sandler Maintains Overweight $291.00 -
Buck Horne Raymond James Announces Outperform $265.00 -
Wesley Golladay Baird Raises Neutral $236.00 $229.00
Vikram Malhorta Mizuho Lowers Buy $250.00 $255.00
Adam Kramer Morgan Stanley Raises Equal-Weight $230.00 $227.00
Chandni Luthra Goldman Sachs Announces Sell $227.00 -
Anthony Powell Barclays Raises Underweight $225.00 $224.00
Brad Heffern RBC Capital Raises Outperform $239.00 $237.00
Simon Yarmak Stifel Lowers Hold $223.00 $225.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Essex Property Trust. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Essex Property Trust compared to the broader market.
  • Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Essex Property Trust's stock. This examination reveals shifts in analysts' expectations over time.

For valuable insights into Essex Property Trust's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Essex Property Trust analyst ratings.

Unveiling the Story Behind Essex Property Trust

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

Financial Milestones: Essex Property Trust's Journey

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Growth: Over the 3 months period, Essex Property Trust showcased positive performance, achieving a revenue growth rate of 1.58% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.

Net Margin: Essex Property Trust's net margin is impressive, surpassing industry averages. With a net margin of 15.5%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Essex Property Trust's ROE excels beyond industry benchmarks, reaching 1.19%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Essex Property Trust's ROA excels beyond industry benchmarks, reaching 0.53%. This signifies efficient management of assets and strong financial health.

Debt Management: With a below-average debt-to-equity ratio of 1.16, Essex Property Trust adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Basics of Analyst Ratings

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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