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ESS Stock Forecast & Price Target

ESS Analyst Ratings

Based on 16 analyst ratings
Hold
Strong Buy 6%
Buy 38%
Hold 50%
Sell 6%
Strong Sell 0%

Bulls say

Essex Property Trust is projected to achieve a 3.6% year-over-year same-store revenue growth in 2026, with expenses expected to grow by 3.2%, indicating a robust 3.8% increase in same-store net operating income (SSNOI). Additionally, the company anticipates a normalized funds from operations (FFO) growth of 2.7% in 2025, followed by an acceleration to 3.6% in the subsequent year. The potential for increased apartment demand in key West Coast markets, driven by factors such as an AI employment surge and pent-up demand from recent wildfires, further supports a positive outlook for the stock.

Bears say

Essex Property Trust's outlook appears negative due to soft employment trends in California, which may adversely influence demand for rental properties in its target markets. Additionally, the company’s stock is currently trading at a narrow discount to net asset value (NAV), the lowest implied cap rate in its apartment coverage universe, and exhibits above-average funds from operations (FFO) and funds available for distribution (FAD) multiples. These financial metrics, combined with a slight reduction in the 2026 FFO estimate, suggest potential challenges for the company's growth and overall stock performance, particularly if labor market conditions do not improve or if residents seek more affordable housing options elsewhere.

ESS has been analyzed by 16 analysts, with a consensus rating of Hold. 6% of analysts recommend a Strong Buy, 38% recommend Buy, 50% suggest Holding, 6% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Essex Property Trust and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Essex Property Trust (ESS) Forecast

Analysts have given ESS a Hold based on their latest research and market trends.

According to 16 analysts, ESS has a Hold consensus rating as of Nov 27, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $291.53, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $291.53, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Essex Property Trust (ESS)


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