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ESS

ESS Stock Forecast & Price Target

ESS Analyst Ratings

Based on 16 analyst ratings
Hold
Strong Buy 6%
Buy 38%
Hold 56%
Sell 0%
Strong Sell 0%

Bulls say

Essex Property Trust is projected to achieve a 2.6% year-over-year same-store revenue growth in 2026, with a corresponding property expense growth of 3.6%, leading to an anticipated 2.1% same-store net operating income (SSNOI) growth. The company expects stronger revenue growth compared to its peers, as the projected 3.3% same-store revenue growth in 2025 also aligns with management's guidance, highlighting the potential for consistent income generation. Furthermore, there are upside risks related to heightened apartment demand in its West Coast markets, potentially driven by factors such as an AI employment surge in Northern California and recovering demand following the release of pent-up demand from recent wildfires in Southern California.

Bears say

Essex Property Trust has lowered its 2026 same-store revenue growth forecasts, leading to a reduction in its Funds From Operations (FFO) estimates, reflecting potential challenges in demand due to soft employment trends in California. The stock trades at the narrowest discount to net asset value (NAV) in its apartment REIT coverage, coupled with the lowest implied cap rate and elevated FFO multiples, indicating a concern over valuation. Additionally, the risk of underperformance is heightened as the labor market remains unstable, and the trend of residents migrating to more affordable areas may continue to negatively impact occupancy and revenue.

ESS has been analyzed by 16 analysts, with a consensus rating of Hold. 6% of analysts recommend a Strong Buy, 38% recommend Buy, 56% suggest Holding, 0% 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 Jan 8, 2026. 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 $289.59, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $289.59, 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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