
ESS Stock Forecast & Price Target
ESS Analyst Ratings
Bulls say
Essex Property Trust is projected to achieve a same-store revenue growth of 2.6% in 2026, which is higher than seven of the other eight apartment companies analyzed, indicating strong competitiveness in the market. The company’s focus on high-quality properties in prime West Coast locations positions it well to benefit from potential upside risks, including increased apartment demand due to an AI-driven employment surge and pent-up demand following recent wildfires. With an anticipated SSNOI growth of 2.1% in 2026 and consistent revenue growth patterns, Essex demonstrates solid underlying financial health and growth potential.
Bears say
Essex Property Trust is facing a negative outlook due to lowered forecasts for 2026 same-store revenue growth, leading to a slight decrease in their funds from operations (FFO) estimate to $16.65 per share. The company is experiencing soft employment trends in California, which could adversely affect demand for its apartments, particularly as residents may opt for more affordable living options due to work-from-home policies. Additionally, Essex's stock trades at the narrowest discount to net asset value (NAV) within its coverage universe, coupled with the lowest implied cap rate and above-average FFO and funds available for distribution (FAD) multiples, highlighting potential overvaluation concerns.
This aggregate rating is based on analysts' research of Essex Property Trust and is not a guaranteed prediction by Public.com or investment advice.
ESS Analyst Forecast & Price Prediction
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