This Day On The Street
Continue to site
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

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

Updated to correct BB&T 52-week high.

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BBT $40.64 0.00%
CNI $62.72 0.00%
ESS $225.31 0.00%
SHW $277.52 0.00%
AAPL $114.64 0.00%

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs