Empire State Realty Trust Inc. (ESRT) on Track to Reach $10.75 in a Year

Empire State Realty Trust Inc. (NYSE: ESRT) is 1.39% higher on its value in year-to-date trading and has touched a low of $5.19 and a high of $14.31 in the current 52-week trading range. The ESRT stock was last observed hovering at around $8.94 in the last trading session, with the day’s gains setting it 0.51% off its average median price target of $10.75 for the next 12 months. It is also 32.5% off the consensus price target high of $14.00 offered by 9 analysts, but current levels are -21.94% lower than the price target low of $7.75 for the same period.

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Currently trading at $9.45, the stock is -0.83% and 12.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.69 million and changing 5.70% at the moment leaves the stock 27.32% off its SMA200. ESRT registered -31.87% loss for a year compared to 6-month gain of 44.27%. The firm has a 50-day simple moving average (SMA 50) of $9.44 and a 200-day simple moving average (SMA200) of $7.20.

The stock witnessed a -6.53% loss in the last 1 month and extending the period to 3 months gives it a 43.62%, and is 0.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.37% over the week and 3.80% over the month.

Empire State Realty Trust Inc. (ESRT) has around 831 employees, a market worth around $1.62B and $652.80M in sales. Fwd P/E is 73.83. Profit margin for the company is 0.00%. Distance from 52-week low is 82.08% and -33.96% from its 52-week high. The company has generated returns on investments over the last 12 months (5.30%).

Empire State Realty Trust Inc. (ESRT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Empire State Realty Trust Inc. (ESRT) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.70, where 6 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Empire State Realty Trust Inc. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $139.91M over the same period.The EPS is expected to shrink by -29.20% this year, but quarterly earnings will post -16.80% year-over-year. Quarterly sales are estimated to shrink -27.50% in year-over-year returns.

Empire State Realty Trust Inc. (ESRT) Top Institutional Holders

274 institutions hold shares in Empire State Realty Trust Inc. (ESRT), with 122.09k shares held by insiders accounting for 0.07% while institutional investors hold 102.87% of the company’s shares. The shares outstanding are 173.05M, and float is at 170.83M with Short Float at 6.52%. Institutions hold 102.79% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 21.55 million shares valued at $131.9 million. The investor’s holdings represent 12.61% of the ESRT Shares outstanding. As of Sep 29, 2020, the second largest holder is Southeastern Asset Management Inc/tn/ with 15.26 million shares valued at $93.38 million to account for 8.93% of the shares outstanding. The other top investors are Blackrock Inc. which holds 9.38 million shares representing 5.49% and valued at over $57.41 million, while Massachusetts Financial Services Co. holds 5.01% of the shares totaling 8.57 million with a market value of $52.46 million.

Empire State Realty Trust Inc. (ESRT) Insider Activity

A total of 0 insider transactions have happened at Empire State Realty Trust Inc. (ESRT) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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Empire State Realty Trust Inc. (ESRT): Who are the competitors?

The company’s main competitors (and peers) include Mack-Cali Realty Corporation (CLI) that is trading -45.85% down over the past 12 months. Highwoods Properties Inc. (HIW) is -18.30% down on the 1-year trading charts. Short interest in the company’s stock has fallen -34.89% from the last report on Nov 12, 2020 to stand at a total of 15.04 million short shares sold with a short interest ratio of 3.12.

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