Key Takeaways From Essex Property Trust Analyst Ratings

Essex Property Trust ESS has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives 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.

In the assessment of 12-month price targets, analysts unveil insights for Essex Property Trust, presenting an average target of $245.2, a high estimate of $281.00, and a low estimate of $225.00. This upward trend is evident, with the current average reflecting a 3.46% increase from the previous average price target of $237.00.

Interpreting Analyst Ratings: A Closer Look

The standing of Essex Property Trust among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines 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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey 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.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Essex Property Trust's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Essex Property Trust analyst ratings.

All You Need to Know About 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.

Essex Property Trust: Delving into Financials

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: Essex Property Trust displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 2.3%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.

Net Margin: Essex Property Trust's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 20.82%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Essex Property Trust's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.57% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Essex Property Trust's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.71%, the company may face hurdles in achieving optimal financial returns.

Debt Management: Essex Property Trust's debt-to-equity ratio is below the industry average at 1.13, reflecting a lower dependency on debt financing and a more conservative financial approach.

Analyst Ratings: Simplified

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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