Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.24 and traded as high as $5.31. Empire State Realty Trust shares last traded at $5.2950, with a volume of 1,945,738 shares changing hands.
Analyst Ratings Changes
Several equities research analysts have issued reports on ESRT shares. Wells Fargo & Company cut their price objective on shares of Empire State Realty Trust from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Tuesday, September 1st. Citigroup decreased their target price on Empire State Realty Trust from $5.75 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Evercore set a $5.00 target price on Empire State Realty Trust in a research note on Monday, September 21st. Wall Street Zen upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, November 7th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Empire State Realty Trust in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Empire State Realty Trust currently has an average rating of "Sell" and a consensus price target of $5.00.
Get Our Latest Stock Analysis on Empire State Realty Trust
Empire State Realty Trust Price Performance
The business's 50 day moving average is $4.62 and its 200-day moving average is $5.24. The firm has a market capitalization of $916.74 million, a P/E ratio of 132.41 and a beta of 1.41. The company has a quick ratio of 1.32, a current ratio of 1.90 and a debt-to-equity ratio of 1.19.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter. Empire State Realty Trust had a net margin of 0.30% and a return on equity of 0.13%. The company had revenue of $193.05 million for the quarter. As a group, sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.79 EPS for the current fiscal year.
Hedge Funds Weigh In On Empire State Realty Trust
Large investors have recently modified their holdings of the company. Lasalle Investment Management Securities LLC boosted its stake in Empire State Realty Trust by 64.0% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 9,058,860 shares of the real estate investment trust's stock valued at $47,106,000 after purchasing an additional 3,534,376 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Empire State Realty Trust by 12.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,787,585 shares of the real estate investment trust's stock worth $31,384,000 after acquiring an additional 881,649 shares during the last quarter. SummitTX Capital L.P. lifted its position in shares of Empire State Realty Trust by 11.3% during the first quarter. SummitTX Capital L.P. now owns 1,434,267 shares of the real estate investment trust's stock worth $7,458,000 after acquiring an additional 146,070 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Empire State Realty Trust by 32.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,358,330 shares of the real estate investment trust's stock valued at $7,063,000 after buying an additional 332,810 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Empire State Realty Trust by 17.8% during the 3rd quarter. First Trust Advisors LP now owns 1,111,900 shares of the real estate investment trust's stock worth $4,481,000 after acquiring an additional 167,711 shares during the period. 67.10% of the stock is currently owned by institutional investors.
Empire State Realty Trust Company Profile
(
Get Free Report)
Empire State Realty Trust, Inc. is a real estate investment trust that owns, manages and leases office and retail properties, primarily in Manhattan and the broader New York metropolitan area. Its portfolio includes the Empire State Building and other commercial properties. The company's business includes leasing office and retail space to tenants, as well as operating the Empire State Building Observatory, a visitor attraction offering views of New York City. Empire State Realty Trust became a publicly traded company in 2013.
Further Reading
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