Essex Property Trust Inc. Stock Underperforms Friday When Compared To Competitors
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Essex Property Trust Inc. (ESS) shares fell 1.20% to $255.13 on Friday, underperforming compared to competitors like Avalonbay Communities Inc. (AVB), Equity Residential (EQR), and UDR Inc. (UDR). The decline ended a two-day winning streak, with the stock remaining 17.73% below its 52-week high of $310.10. The overall market also struggled, with the S&P 500 and Dow Jones Industrial Average dropping 1.33% and 0.95%, respectively. Trading volume was significantly below the 50-day average.
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