Shares of Essex Property Trust Inc. ESS inched 0.51% higher to $334.87 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Essex Property Trust Inc. closed $2.56 below its 52-week high ($337.43), which the company reached on September 2nd.
The stock underperformed when compared to some of its competitors Thursday, as Equity Residential EQR rose 1.44% to $85.24, Avalonbay Communities Inc. AVB rose 1.79% to $232.39, and UDR Inc. UDR rose 1.32% to $55.07. Trading volume (261,125) eclipsed its 50-day average volume of 253,569.