Empire State Realty Trust Inc. [NYSE: ESRT] jumped around 0.1 points on Monday, while shares priced at $6.76 at the close of the session, up 1.50%.
Empire State Realty Trust Inc. stock is now -51.58% down from its year-to-date (YTD) trading value. ESRT Stock saw the intraday high of $6.885 and lowest of $6.71 per share. The company’s 52-week high price is 14.99, which means current price is +8.42% above from all time high which was touched on 01/24/20.
Compared to the average trading volume of 3.19M shares, ESRT reached a trading volume of 1750549 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Empire State Realty Trust Inc. [ESRT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ESRT shares is $10.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ESRT stock is a recommendation set at 3.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Empire State Realty Trust Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 07, 2020. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $14 to $9. The new note on the price target was released on March 12, 2020, representing the official price target for Empire State Realty Trust Inc. stock. Previously, the target price had yet another raise to $15, while Goldman analysts kept a Neutral rating on ESRT stock. On September 06, 2019, analysts decreased their price target for ESRT shares from 19 to 15.
The Average True Range (ATR) for Empire State Realty Trust Inc. is set at 0.27, with the Price to Sales ratio for ESRT stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 5.88.
How has ESRT stock performed recently?
Empire State Realty Trust Inc. [ESRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.79. With this latest performance, ESRT shares gained by 0.90% in over the last four-week period, additionally sinking by -50.26% over the last 6 months – not to mention a drop of -48.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ESRT stock in for the last two-week period is set at 51.94, with the RSI for the last a single of trading hit 55.78, and the three-weeks RSI is set at 48.73 for Empire State Realty Trust Inc. [ESRT]. The present Moving Average for the last 50 days of trading for this stock 6.94, while it was recorded at 6.61 for the last single week of trading, and 10.47 for the last 200 days.
Empire State Realty Trust Inc. [ESRT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Empire State Realty Trust Inc. [ESRT] shares currently have an operating margin of +10.44 and a Gross Margin at +28.60. Empire State Realty Trust Inc.’s Net Margin is presently recorded at +7.08.
Return on Total Capital for ESRT is now 2.00, given the latest momentum, and Return on Invested Capital for the company is 1.74. Return on Equity for this stock inclined to 4.08, with Return on Assets sitting at 1.26. When it comes to the capital structure of this company, Empire State Realty Trust Inc. [ESRT] has a Total Debt to Total Equity ratio set at 135.00. Additionally, ESRT Total Debt to Total Capital is recorded at 57.45, with Total Debt to Total Assets ending up at 43.18. Long-Term Debt to Equity for the company is recorded at 137.76, with the Long-Term Debt to Total Capital now at 57.26.
Reflecting on the efficiency of the workforce at the company, Empire State Realty Trust Inc. [ESRT] managed to generate an average of $61,544 per employee. Receivables Turnover for the company is 26.35 with a Total Asset Turnover recorded at a value of 0.18.
Earnings analysis for Empire State Realty Trust Inc. [ESRT]
With the latest financial reports released by the company, Empire State Realty Trust Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ESRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Empire State Realty Trust Inc. go to 1.80%.
Insider trade positions for Empire State Realty Trust Inc. [ESRT]
There are presently around $982 million, or 89.40% of ESRT stock, in the hands of institutional investors. The top three institutional holders of ESRT stocks are: VANGUARD GROUP INC with ownership of 24,229,722, which is approximately 0.482% of the company’s market cap and around 0.07% of the total institutional ownership; COHEN & STEERS, INC., holding 21,453,645 shares of the stock with an approximate value of $145.03 million in ESRT stocks shares; and BLACKROCK INC., currently with $66.12 million in ESRT stock with ownership of nearly 0.353% of the company’s market capitalization.
Positions in Empire State Realty Trust Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 95 institutional holders increased their position in Empire State Realty Trust Inc. [NYSE:ESRT] by around 24,826,006 shares. Additionally, 118 investors decreased positions by around 22,997,404 shares, while 22 investors held positions by with 97,491,000 shares. The mentioned changes placed institutional holdings at 145,314,410 shares, according to the latest SEC report filing. ESRT stock had 26 new institutional investments in for a total of 15,385,484 shares, while 46 institutional investors sold positions of 5,096,940 shares during the same period.