Latest news with #DowJonesIndustrialsAverage
Yahoo
8 hours ago
- Business
- Yahoo
Is Essex Property Trust Underperforming the Dow?
Valued at a market cap of $18.3 billion, Essex Property Trust, Inc. (ESS) is a self-administered and self-managed real estate investment trust (REIT). Headquartered in San Mateo, California, the company acquires, develops, redevelops, and manages apartment communities in selected residential areas located on the West Coast of the United States. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Essex Property Trust Energy fits this description perfectly. The company has ownership interests in 257 apartment communities comprising over 62,000 apartment homes, with an additional property in active development. Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia Is Quickly Approaching a New Record High. Is It Too Late to Buy NVDA Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Essex Property Trust's stock dropped 10.6% from its 52-week high of $317.73. Shares of ESS have declined 5% over the past three months, lagging behind the broader Dow Jones Industrials Average's ($DOWI) 1.4% increase. In the longer term, shares of Essex Property have decreased marginally over the past 52 weeks, underperforming the Dow Jones' 8.6% return over the same time frame. Additionally, ESS stock has dropped marginally on a YTD basis, aligning with the DOWI's performance over the same time period. The stock has been trading below its 200-day moving average since early April. Yet, it has risen above its 50-day moving average since mid-June. ESS stock rose 1.5% following its solid Q1 2025 results on Apr. 29. The company's same-property revenues increased 3.4% year-over-year, while net operating income rose 3.3% from the prior year quarter to $284.9 million. Its core FFO came in at $3.97 per share, reflecting a 3.7% increase from the year-ago quarter and surpassing the consensus estimate of $3.92. The growth in core FFO was primarily driven by strong same-property revenue performance, increased co-investment income, and reduced interest expense. In contrast, rival Invitation Homes Inc. (INVH) has underperformed ESS stock over the past 52 weeks, declining 5.5%. Although INVH stock has returned 5.6% on a YTD basis, surpassing ESS stock. While the stock has underperformed relative to the Dow over the past year, analysts have a moderately optimistic outlook. With 27 analysts covering the stock, the consensus rating is 'Moderate Buy,' and it is currently trading below the mean price target of $309.12. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
a day ago
- Business
- Yahoo
Is Atmos Energy Stock Outperforming the Dow?
Dallas, Texas-based Atmos Energy Corporation (ATO) distributes natural gas. With a market cap of $24.2 billion, the company provides natural gas marketing and procurement services to large customers, as well as manages storage and pipeline assets. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and ATO perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the regulated gas utilities industry. ATO's financial strength stems from operational efficiency, strategic rate management, and infrastructure investments, positioning it for continued financial success and customer service excellence. Forecasts for Sweltering US Heat Lift Nat-Gas Prices Middle East Jitters Underpin Crude Prices Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Despite its notable strength, ATO shares have slipped 9% from their 52-week high of $167.45, achieved on May 8. Over the past three months, ATO stock has gained 1.2%, underperforming the Dow Jones Industrials Average's ($DOWI) 1.4% gains during the same time frame. In the longer term, shares of ATO rose 9.4% on a YTD basis and climbed 30.3% over the past 52 weeks, outperforming DOWI's YTD marginal losses and 8.6% returns over the last year. To confirm the bullish trend, ATO has been trading above its 200-day moving average over the past year, with minor fluctuations. However, the stock is trading below its 50-day moving average since late May. On May 7, ATO shares closed up marginally after reporting its Q2 results. Its EPS of $3.03 beat Wall Street expectations of $2.92. The company's revenue stood at $2 billion, up 18.4% year over year. ATO expects full-year EPS to be between $7.20 and $7.30. ATO's rival, Southwest Gas Holdings, Inc. (SWX) shares lagged behind the stock, with a 4.6% uptick on a YTD basis and a marginal loss over the past 52 weeks. Wall Street analysts are moderately bullish on ATO's prospects. The stock has a consensus 'Moderate Buy' rating from the 14 analysts covering it, and the mean price target of $162.36 suggests a potential upside of 6.5% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
CBS News
07-03-2025
- Business
- CBS News
Stock market slides on mounting fears over U.S. economic growth
Stock markets in the U.S. opened sharply lower on Thursday amid mounting investor concerns about slowing economic growth and uncertainty over the impact of new Trump administration tariffs on Canada, China and Mexico. The S&P 500 fell 104 points, or 1.8%, to close at 5,739, while the blue-chip Dow Jones Industrials Average slid 1% on the day and tech-heavy Nasdaq composite tumbled 2.6%. Recent signals suggest the economy is weakening. Most worrying is a downturn in spending by American consumers, with federal data showing that retail sales across the U.S. dipped 0.9% in January. The job market is also cooling down, while layoffs in February soared to their highest level since July 2020, according to new numbers from outplacement firm Challenger, Gray & Christmas. At the same time, inflation accelerated in January and remains stubbornly above the Federal Reserve's 2% annualized target. Recent economic trends have sparked fears that the U.S. could be headed for a rare bout of "stagflation," or when the economy and the job market slow at the same time inflation rises. The country hasn't faced such a period of economic distress since the late 1970s and early 1980s. Investors are also fretting about a budding global trade war. The Trump administration on Tuesday announced 25% tariffs on U.S. imports from Canada and Mexico, as well as an additional 10% levy on Chinese imports, which were already taxed at 10%. The barrage of trade measures has raised concerns of higher prices in the U.S. for a range of goods, such as produce and cars. Stocks continued to nose down Thursday despite President Trump signing executive orders suspending the tariffs on Canada and Mexico until April 2. "Bearish sentiment is at a historical extreme over concerns of economic growth, trade wars and Trump 2.0 policies," Piper Sandler analysts said in a report. Trump had previously delayed the tariffs on the U.S.' northern and southern neighbors before ultimately moving forward, and he is forging ahead with with other tariffs scheduled to take effect April 2. "Much will depend on whether these new tariffs prove temporary or are toned down," according to strategists at BNP Paribas. "But even if they are ultimately removed, we anticipate lasting damage to global economic activity."
