Essex Property Stock Up 9.2% in Three Months: Will the Trend Last?

Shares of Essex Property Trust (ESS) have rallied 9.2% over the past three months, outperforming the industry's upside of 3.5%.This residential REIT is well-poised to gain from a robust West Coast property base with several demand drivers.Efforts to leverage technology, scale and organizational capabilities are expected to drive margin expansion and bring operational efficiency across the company's portfolio. A healthy balance sheet also augurs well for growth.Last month, Essex Property Trust’s board of dir ...