Shares of Essex Property Trust Inc.
slid 0.98% to $348.09 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 0.57% to 4,296.12 and the Dow Jones Industrial Average
rising 0.70% to 34,049.46. This was the stock’s second consecutive day of losses. Essex Property Trust Inc. closed $15.27 below its 52-week high ($363.36), which the company reached on April 21st.
The stock underperformed when compared to some of its competitors Monday, as Equity Residential
fell 0.95% to $90.28, Avalonbay Communities Inc.
fell 0.97% to $248.42, and UDR Inc.
fell 0.77% to $57.80. Trading volume (208,640) remained 95,221 below its 50-day average volume of 303,861.