Empire State Realty Trust Inc (NYSE: ESRT) is -21.71% lower on its value in year-to-date trading and has touched a low of $7.88 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 $8.17 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $8.08, the stock is -5.20% and -11.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -1.10% at the moment leaves the stock -20.12% off its SMA200. ESRT registered -17.47% loss for a year compared to 6-month loss of -23.85%. The firm has a 50-day simple moving average (SMA 50) of $9.1164 and a 200-day simple moving average (SMA200) of $10.1157.
The stock witnessed a -10.62% gain in the last 1 month and extending the period to 3 months gives it a -28.05%, and is -2.18% down 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 2.94% over the week and 3.14% over the month.
Empire State Realty Trust Inc (ESRT) has around 667 employees, a market worth around $1.36B and $767.92M in sales. Current P/E ratio is 28.56. Profit margin for the company is 6.18%. Distance from 52-week low is 2.54% and -30.46% from its 52-week high. The company has generated returns on investments over the last 12 months (1.38%).
335.0 institutions hold shares in Empire State Realty Trust Inc (ESRT), with institutional investors hold 94.02% of the company’s shares. The shares outstanding are 166.41M, and float is at 136.50M with Short Float at 2.82%. Institutions hold 93.97% 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 4.3505 and valued at over $$67.04 million, while STATE STREET CORP holds 3.7499 of the shares totaling 6.16 million with a market value of $$57.78 million.
Empire State Realty Trust Inc (ESRT) Insider Activity
Empire State Realty Trust Inc disclosed in a document filed with the SEC on Dec 24 ’24 that Durels Thomas P. (EVP, Real Estate) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 24 ’24 and was made at $10.10 per share for $0.1 million. Following the transaction, the insider now directly holds 86807.0 shares of the ESRT stock.
Still, SEC filings show that on Dec 24 ’24, Durels Thomas P. (Officer) Proposed Sale 10,000 shares at an average price of $10.10 for $0.1 million. The insider now directly holds shares of Empire State Realty Trust Inc (ESRT).
