Empire State Realty Trust Inc (NYSE: ESRT) is -6.69% lower on its value in year-to-date trading and has touched a low of $8.78 and a high of $11.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ESRT stock was last observed hovering at around $9.60 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $9.63, the stock is -3.32% and -8.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 0.31% at the moment leaves the stock -5.49% off its SMA200. ESRT registered -1.63% loss for a year compared to 6-month gain of -8.81%. The firm has a 50-day simple moving average (SMA 50) of $10.548 and a 200-day simple moving average (SMA200) of $10.18915.
The stock witnessed a -12.69% loss in the last 1 month and extending the period to 3 months gives it a -14.85%, and is 0.94% 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 2.39% over the week and 2.75% over the month.
Empire State Realty Trust Inc (ESRT) has around 666 employees, a market worth around $1.61B and $763.20M in sales. Current P/E ratio is 35.33. Profit margin for the company is 5.95%. Distance from 52-week low is 9.68% and -17.13% from its 52-week high. The company has generated returns on investments over the last 12 months (1.28%).
with sales reaching $192.92M over the same period., but quarterly earnings will post 2.18% year-over-year. Quarterly sales are estimated to grow 0.02% in year-over-year returns.
Empire State Realty Trust Inc (ESRT) Top Institutional Holders
335.0 institutions hold shares in Empire State Realty Trust Inc (ESRT), with institutional investors hold 91.94% of the company’s shares. The shares outstanding are 165.51M, and float is at 135.71M with Short Float at 2.99%. Institutions hold 91.89% 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.
Empire State Realty Trust Inc (ESRT) Insider Activity
The most recent transaction is an insider sale by Durels Thomas P., the company’s EVP, Real Estate. SEC filings show that Durels Thomas P. sold 10,000 shares of the company’s common stock on Dec 24 ’24 at a price of $10.10 per share for a total of $0.1 million. Following the sale, the insider now owns 86807.0 shares.
Still, SEC filings show that on Dec 18 ’24, Durels Thomas P. (EVP, Real Estate) disposed off 3,193 shares at an average price of $10.90 for $34804.0. The insider now directly holds 96,807 shares of Empire State Realty Trust Inc (ESRT).
