2. As of noon trading, Essex Property ( ESS) is up $2.34 (1.5%) to $161.75 on heavy volume. Thus far, 342,194 shares of Essex Property exchanged hands as compared to its average daily volume of 406,700 shares. The stock has ranged in price between $159.19-$161.95 after having opened the day at $159.58 as compared to the previous trading day's close of $159.41. Essex Property Trust, Inc. operates as a self-administered and self-managed real estate investment trust in the United States. It engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities, as well as commercial properties. Essex Property has a market cap of $6.0 billion and is part of the financial sector. Shares are up 11.1% year-to-date as of the close of trading on Tuesday. Currently there are 10 analysts who rate Essex Property a buy, no analysts rate it a sell, and 4 rate it a hold. TheStreet Ratings rates Essex Property as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Essex Property Ratings Report now. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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