Essex Property Reaches New 52-Week High (ESS)
NEW YORK (
) --
Essex Property
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $137.88, above its previous 52-week high of $137.40 with 257,480 shares traded as of 3:52 p.m. ET. Average volume has been 292,100 shares over the past 30 days.
Essex Property has a market cap of $4.4 billion and is part of the
sector and
industry. Shares are up 18.2% year to date as of the close of trading on Friday.
Essex Property Trust, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, acquisition, development, and redevelopment of apartment communities primarily in the West Coast of the United States. The company has a P/E ratio of 140.6, below the average real estate industry P/E ratio of 142.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Essex Property as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full
.
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