Empire State Realty Trust Inc (NYSE: ESRT) is 11.87% higher on its value in year-to-date trading and has touched a low of $8.39 and a high of $11.62 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 $10.78 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $10.84, the stock is 0.75% and -0.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.56% at the moment leaves the stock 7.63% off its SMA200. ESRT registered 24.79% gain for a year compared to 6-month gain of 20.18%. The firm has a 50-day simple moving average (SMA 50) of $10.9086 and a 200-day simple moving average (SMA200) of $10.06455.
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The stock witnessed a -0.55% loss in the last 1 month and extending the period to 3 months gives it a 4.03%, and is 2.85% 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 2.10% over the week and 2.14% over the month.
Empire State Realty Trust Inc (ESRT) has around 666 employees, a market worth around $1.81B and $763.20M in sales. Current P/E ratio is 39.77. Profit margin for the company is 5.95%. Distance from 52-week low is 29.25% and -6.71% from its 52-week high. The company has generated returns on investments over the last 12 months (1.28%).
332.0 institutions hold shares in Empire State Realty Trust Inc (ESRT), with institutional investors hold 91.38% of the company’s shares. The shares outstanding are 162.06M, and float is at 135.75M with Short Float at 3.34%. Institutions hold 91.34% 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.
