A peek at Empire State Realty Trust Inc (ESRT): Who has invested in It?

Empire State Realty Trust Inc (NYSE: ESRT) is 0.21% higher on its value in year-to-date trading and has touched a low of $5.38 and a high of $10.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ESRT stock was last observed hovering at around $9.39 in the last trading session, with the day’s gains setting it 0.32%.

Currently trading at $9.71, the stock is -1.80% and 0.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 3.41% at the moment leaves the stock 19.08% off its SMA200. ESRT registered 20.27% gain for a year compared to 6-month gain of 12.48%. The firm has a 50-day simple moving average (SMA 50) of $4.84 and a 200-day simple moving average (SMA200) of $9.30.

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The stock witnessed a -2.90% loss in the last 1 month and extending the period to 3 months gives it a 12.95%, and is 1.25% 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 2.96% over the week and 2.66% over the month.

Empire State Realty Trust Inc (ESRT) has around 667 employees, a market worth around $1.58B and $727.96M in sales. Current P/E ratio is 29.96. Profit margin for the company is 7.22%. Distance from 52-week low is 80.41% and -5.91% from its 52-week high. The company has generated returns on investments over the last 12 months (1.61%).

Empire State Realty Trust Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $181.27M over the same period., but quarterly earnings will post 16.50% year-over-year. Quarterly sales are estimated to grow 13.10% in year-over-year returns.

301 institutions hold shares in Empire State Realty Trust Inc (ESRT), with institutional investors hold 93.47% of the company’s shares. The shares outstanding are 160.14M, and float is at 131.51M with Short Float at 5.45%. Institutions hold 93.43% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 19.47 million shares valued at $145.84 million. The investor’s holdings represent 12.16% of the ESRT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 14.43 million shares valued at $108.07 million to account for 9.01% of the shares outstanding. The other top investors are Massachusetts Financial Services Co. which holds 11.51 million shares representing 7.19% and valued at over $86.24 million, while Credit Suisse Ag/ holds 6.38% of the shares totaling 10.22 million with a market value of $76.57 million.

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

One of the company’s main competitors (and peers) include Veris Residential Inc. (VRE) that is trading -7.00% down over the past 12 months.LXP Industrial Trust (LXP) lies in the list of competitors of the Empire State Realty Trust Inc and is -20.44% lower over the same period from ESRTHighwoods Properties Inc. (HIW) is -18.90% down on the 1-year trading charts.