Essex Property Stock Hits New 52-Week High (ESS)

NEW YORK ( TheStreet) -- Essex Property (NYSE: ESS) hit a new 52-week high Monday as it is currently trading at $152.61, above its previous 52-week high of $152.21 with 5,618 shares traded as of 9:40 a.m. ET. Average volume has been 306,400 shares over the past 30 days.

Essex Property has a market cap of $5.21 billion and is part of the financial sector and real estate industry. Shares are up 7.4% 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 147.8, above the average real estate industry P/E ratio of 120.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Essex Property as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and poor profit margins. You can view the full Essex Property Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices

OPEC Deal Doesn't Boost Production Enough to Drive Down Crude, Gasoline Prices