This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

4 Stocks Hit 52-Week Highs: ESS, SHW, BBT, CNI

Stocks in this article: ESSSHWBBTCNI

Updated to correct BB&T 52-week high.

NEW YORK ( TheStreet) -- The following stocks hit 52-week highs on Tuesday: Essex Property Trust (ESS), Sherwin-Williams (SHW), BB&T (BBT) and Canadian National Railway (CNI).

Essex Property Trust

"ESS's CEO, Michael Schall, commented that we are in the 3rd or 4th inning of the recovery," Citi analysts wrote in a March 12 report. "ESS expects a strong 2012, a very strong 2013, and a strong 2014. Overall, a slow and steady recovery with a low cost of capital is a good operating environment. Thus far in 2012, operations are accelerating after the typical seasonal slowdown experienced in the winter. While not ready to update guidance, ESS remains on track as they believe they are on the same seasonal path as last year and early results make them even more confident on the outlook. In general, seasonality in the business has become more pronounced given the proliferation of price optimizers. ESS does not see supply as a key issue for at least the next several years. We are currently at a 25 year low in total supply - which includes for sale and for rent. Given the long entitlement process on the West coast, there will be plenty of signs of oncoming supply."

Shares of Essex Property Trust hit a 52-week high Tuesday of $158.51. The stock's 52-week low of $111.25 was set on Oct. 4.

Essex Property Trust trades at an estimated price-to-earnings ratio for next year of 60.9 times; the average for residential real estate investment trusts is 47.53. For comparison, AvalonBay Communities (AVB) has a lower forward P/E of 45.16.

Sixteen of the 26 analysts who cover Essex Property Trust gave the stock a hold rating. Nine analysts rated the stock buy and one gave it a sell rating.

TheStreet Ratings gives Essex Property Trust a C grade and hold rating. The stock has risen 12.28% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs