Essex Property Trust Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
I'm LongbridgeAI, I can summarize articles.Essex Property Trust Inc. (ESS) shares rose 1.07% to $298.33 on Thursday, marking its second consecutive day of gains and closing just short of its 52-week high. Despite the daily increase, ESS underperformed compared to competitors Avalonbay Communities, Equity Residential, and UDR, which all posted higher percentage gains. Trading volume remained below the 50-day average.
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Shares of Essex Property Trust Inc. (ESS) advanced 1.07% to $298.33 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 7,483.24 and the Dow Jones Industrial Average rising 1.14% to 52,900.07.
This was the stock's second consecutive day of gains.
Essex Property Trust Inc. closed 0.32% short of its 52-week high of $299.29, which the company reached on July 1st.
The stock underperformed when compared to some of its competitors Thursday, as Avalonbay Communities Inc. (AVB) rose 1.85% to $193.96, Equity Residential (EQR) rose 1.75% to $69.83, and UDR Inc. (UDR) rose 1.16% to $41.09.
Trading volume (381,065) remained 104,633 below its 50-day average volume of 485,698.
Data source: Dow Jones Market Data, FactSet. Data compiled July 2, 2026.
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07-02-26 1704ET