Essex Property Trust (ESS) Shares are Up 3.04%

Essex Property Trust (ESS) has been under a strong bear grip, hence the stock is down -1.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.1% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.04% in the last 1 week, and is up 2.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.75% and the 50-Day Moving Average is 5.72%. Essex Property Trust Inc. is up 6.87% in the last 3-month period. Year-to-Date the stock performance stands at -0.89%.


Essex Property Trust (NYSE:ESS): stock turned positive on Friday. Though the stock opened at $221.47, the bulls momentum made the stock top out at $234.27 level for the day. The stock recorded a low of $221.47 and closed the trading day at $233.88, in the green by 6.02%. The total traded volume for the day was 1,134,629. The stock had closed at $220.59 in the previous days trading.

Essex Property Trust, Inc. (Essex) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of apartment communities. As of December 31, 2014, the Company owned or held an interest in 239 communities, aggregating 57,455 units, located along the West Coast, as well as four commercial buildings (totaling approximately 325,200 square feet), and 12 active development projects with 2,920 units in various stages of development. The Companys apartment communities are located in Southern California, which include Los Angeles, Orange, Riverside, San Diego, Santa Barbara, and Ventura counties; Northern California, which include the San Francisco Bay Area, and Seattle Metro, which include Seattle metropolitan area.

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