Across the recent three months, 11 analysts have shared their insights on Essex Property Trust ESS, expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 6 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $306.45, along with a high estimate of $316.00 and a low estimate of $300.00. A decline of 0.37% from the prior average price target is evident in the current average.
Deciphering Analyst Ratings: An In-Depth Analysis
The analysis of recent analyst actions sheds light on the perception of Essex Property Trust by financial experts. 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 |
|---|---|---|---|---|---|
| Michael Lewis | Truist Securities | Raises | Hold | $304.00 | $292.00 |
| Richard Hightower | Barclays | Raises | Equal-Weight | $304.00 | $302.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $302.00 | $297.00 |
| Brad Heffern | RBC Capital | Raises | Outperform | $315.00 | $302.00 |
| James Feldman | Wells Fargo | Lowers | Equal-Weight | $305.00 | $314.00 |
| Richard Hightower | Barclays | Lowers | Equal-Weight | $302.00 | $316.00 |
| Omotayo Okusanya | Deutsche Bank | Raises | Buy | $310.00 | $308.00 |
| John Kim | BMO Capital | Lowers | Outperform | $310.00 | $323.00 |
| Vikram Malhorta | Mizuho | Lowers | Outperform | $300.00 | $325.00 |
| Anthony Paolone | JP Morgan | Raises | Underweight | $303.00 | $297.00 |
| Anthony Powell | Barclays | Announces | Equal-Weight | $316.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Essex Property Trust. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Essex Property Trust compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Essex Property Trust's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Essex Property Trust's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Essex Property Trust analyst ratings.
Get to Know Essex Property Trust Better
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's Economic Impact: An Analysis
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Essex Property Trust's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 7.76%. This indicates a substantial 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 excels beyond industry benchmarks, reaching 56.65%. This signifies efficient cost management and strong financial health.
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 4.69%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.01%, the company showcases effective utilization of assets.
Debt Management: Essex Property Trust's debt-to-equity ratio is below the industry average. With a ratio of 1.2, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
How Are Analyst Ratings Determined?
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.
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