Expert Outlook: Essex Property Trust Through The Eyes Of 4 Analysts

Across the recent three months, 4 analysts have shared their insights on Essex Property Trust ESS, expressing a variety of opinions spanning from bullish to bearish.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Analysts have set 12-month price targets for Essex Property Trust, revealing an average target of $307.25, a high estimate of $316.00, and a low estimate of $300.00. Observing a downward trend, the current average is 2.46% lower than the prior average price target of $315.00.

Breaking Down Analyst Ratings: A Detailed Examination

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.

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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Essex Property Trust compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Essex Property Trust's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Capture valuable insights into Essex Property Trust's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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 254 apartment communities with over 62,000 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.

Essex Property Trust: Financial Performance Dissected

Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.

Revenue Growth: Essex Property Trust displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 7.52%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher 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 26.28%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Essex Property Trust's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.17%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Essex Property Trust's ROA stands out, surpassing industry averages. With an impressive ROA of 0.94%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Essex Property Trust's debt-to-equity ratio is below the industry average at 1.18, reflecting a lower dependency on debt financing and a more conservative financial approach.

Analyst Ratings: What Are They?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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