Essex Property Trust ESS underwent analysis by 13 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 6 | 1 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 1 | 1 |
| 3M Ago | 0 | 1 | 2 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $250.08, a high estimate of $291.00, and a low estimate of $223.00. This current average reflects an increase of 2.41% from the previous average price target of $244.20.
Exploring Analyst Ratings: An In-Depth Overview
A comprehensive examination of how financial experts perceive Essex Property Trust is derived from recent analyst actions. The following is a detailed summary of 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 | Lowers | Hold | $255.00 | $259.00 |
| Joshua Dennerlein | B of A Securities | Raises | Buy | $275.00 | $250.00 |
| Michael Lewis | Truist Securities | Lowers | Hold | $259.00 | $276.00 |
| Alexander Goldfarb | Piper Sandler | Maintains | Overweight | $291.00 | - |
| Buck Horne | Raymond James | Announces | Outperform | $265.00 | - |
| Wesley Golladay | Baird | Raises | Neutral | $236.00 | $229.00 |
| Vikram Malhorta | Mizuho | Lowers | Buy | $250.00 | $255.00 |
| Adam Kramer | Morgan Stanley | Raises | Equal-Weight | $230.00 | $227.00 |
| Chandni Luthra | Goldman Sachs | Announces | Sell | $227.00 | - |
| Anthony Powell | Barclays | Raises | Underweight | $225.00 | $224.00 |
| Brad Heffern | RBC Capital | Raises | Outperform | $239.00 | $237.00 |
| Simon Yarmak | Stifel | Lowers | Hold | $223.00 | $225.00 |
| Michael Lewis | Truist Securities | Raises | Hold | $276.00 | $260.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Essex Property Trust. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Essex Property Trust compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Essex Property Trust's stock. This examination reveals shifts in analysts' expectations over time.
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.
Discovering Essex Property Trust: A Closer Look
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.
Financial Milestones: Essex Property Trust's Journey
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Essex Property Trust's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 1.58%. This indicates a substantial 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 financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.5%, the company showcases strong profitability and 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 1.19% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Essex Property Trust's ROA excels beyond industry benchmarks, reaching 0.53%. This signifies efficient management of assets and strong financial health.
Debt Management: Essex Property Trust's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.16.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
