Is Essex Property Stock Underperforming the S&P 500?

Valued at a market cap of $16.1 billion, San Mateo, California-based Essex Property Trust, Inc. (ESS) is a real estate investment trust engaged in the acquisition, development, redevelopment and management of multifamily residential properties in supply-constrained markets. Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” ESS fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the r ...