Essex Property Trust, Inc. (NYSE:ESS)

CAPS Rating: 3 out of 5

The Company operates as a self-administered and self-managed real estate investment trust which is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of real estate.

Recs

3
Player Avatar Scones (41.20) Submitted: 2/7/2008 5:06:19 PM : Underperform Start Price: $100.42 ESS Score: +4.53

ESS has a book value of $31, so why is it selling at $106?.......Trading at an extreme multiple on a valuation basis as well. ESS is overbought technically and is due for a major correction.

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