Shares of Essex Property Trust Rise Above Previous 52-Week High

Published on Mon, 03/16/2015 - 15:15
By Adrienne Chilton in 52 Week high-lows, ESS, 52 week high/lows, essex property trust, nyse:ess

Essex Property Trust (NYSE:ESS) traded at a new 52-week high today of $233.98. Approximately 194,000 shares have changed hands today, as compared to an average 30-day volume of 371,000 shares.

Over the past year, Essex Property Trust has traded in a range of $161.10 to $233.98 and is now at $233.38, 45% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

Essex Property Trust has overhead space with shares priced $233.38, or 1.0% below the average consensus analyst price target of $235.79. The stock should discover initial support at its 50-day moving average (MA) of $224.01 and subsequent support at its 200-day MA of $199.63.

Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust company. The Company specializes in acquiring, developing and managing multifamily residential properties. Essex has ownership interests in residential properties and commercial properties located in California, Oregon and Washington.

By Adrienne Chilton
achilton@fnno.com

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