What should you know before buying stock in Empire State Realty Trust Inc (ESRT)

Empire State Realty Trust Inc (NYSE: ESRT) is 13.62% higher on its value in year-to-date trading and has touched a low of $7.25 and a high of $11.36 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 $11.27 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $11.01, the stock is 4.46% and 4.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.8 million and changing -2.31% at the moment leaves the stock 12.25% off its SMA200. ESRT registered 28.82% gain for a year compared to 6-month gain of 8.58%.

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The stock witnessed a 7.94% loss in the last 1 month and extending the period to 3 months gives it a 21.12%, and is 3.87% 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 3.13% over the week and 2.32% over the month.

Empire State Realty Trust Inc (ESRT) has around 666 employees, a market worth around $1.82B and $755.13M in sales. Current P/E ratio is 42.33. Profit margin for the company is 5.75%. Distance from 52-week low is 51.92% and -3.08% from its 52-week high. The company has generated returns on investments over the last 12 months (1.37%).

Empire State Realty Trust Inc (ESRT) Top Institutional Holders

315.0 institutions hold shares in Empire State Realty Trust Inc (ESRT), with institutional investors hold 89.75% of the company’s shares. The shares outstanding are 162.06M, and float is at 134.06M with Short Float at 3.73%. Institutions hold 89.71% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.39 million shares valued at $181.84 million. The investor’s holdings represent 11.8574% of the ESRT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.14 million shares valued at $151.41 million to account for 9.8729 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 7.15 million shares representing 4.3714% and valued at over $67.04 million, while STATE STREET CORP holds 3.7679 of the shares totaling 6.16 million with a market value of $57.78 million.