Essex Property Trust, Inc. vs Prospect Capital Corporation — how do they compare? Essex Property Trust, Inc. trades at $282.11 (market cap $18.15B), while Prospect Capital Corporation trades at $2.29 (market cap $1.14B). The key difference: Essex Property Trust, Inc. is far larger — about 15.9× Prospect Capital Corporation's market cap, and Prospect Capital Corporation pays the higher dividend (21.93%). Which is the better fit depends on your goals.
| ESS | PSEC | |
|---|---|---|
Market Cap | $18.15B | $1.14B |
Sector | Real Estate | Financials |
52-Week High | $298.33 | $3.05 |
52-Week Low | $239.61 | $2.11 |
Enterprise Value | $24.75B | — |
Dividend Yield | 3.93% | 21.93% |
Trailing returns across standard periods
Essex Property Trust owns a portfolio of 253 apartment communities with over 62,000 units and is developing three additional properties with 571 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.
Read more on ESS →Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Read more on PSEC →