Empire State Realty Trust Inc. [ESRT] fell -29.37% so far this year. What now?

Empire State Realty Trust Inc. [NYSE: ESRT] stock went on an upward path that rose over 6.83% on Tuesday, amounting to a one-week price increase of more than 9.92%. The company report on November 25, 2020 that Empire State Realty Trust Achieves GRESB 5 Star Rating in First Year of Participation.

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In its first year of submission to GRESB, Empire State Realty Trust (NYSE: ESRT) earned the highest possible GRESB 5 Star Rating and Green Star recognition, and score of 88, in the 2020 GRESB Real Estate Assessment, an achievement that places ESRT in the top 20% of all respondents.

“ESRT to date has never submitted its work on Energy Efficiency, Sustainability, and Indoor Environmental Quality. To achieve this result in our first year is a testament to our more than a decade of work and the leadership of Dana Robbins Schneider, our SVP, Energy and Sustainability and Director of ESG,” said Anthony E. Malkin, Chairman, President, and CEO.

Over the last 12 months, ESRT stock dropped by -28.03%. The one-year Empire State Realty Trust Inc. stock forecast points to a potential downside of -12.69. The average equity rating for ESRT stock is currently 2.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.66 billion, with 173.05 million shares outstanding and 170.83 million shares in the current float. Compared to the average trading volume of 2.70M shares, ESRT stock reached a trading volume of 9150808 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $8.75 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 2.90. 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 Neutral, with their previous recommendation back on September 03, 2020. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $9 to $8. The new note on the price target was released on August 28, 2020, representing the official price target for Empire State Realty Trust Inc. stock. Previously, the target price had yet another drop from $15 to $7.50, while Citigroup kept a Sell rating on ESRT stock. On March 12, 2020, analysts decreased their price target for ESRT shares from 14 to 9.

The Average True Range (ATR) for Empire State Realty Trust Inc. is set at 0.50, with the Price to Sales ratio for ESRT stock in the period of the last 12 months amounting to 2.54. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 2.22.

ESRT Stock Performance Analysis:

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 9.92. With this latest performance, ESRT shares gained by 62.71% in over the last four-week period, additionally plugging by 38.48% over the last 6 months – not to mention a drop of -28.03% 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 76.88, with the RSI for the last a single of trading hit 80.64, and the three-weeks RSI is set at 72.94 for Empire State Realty Trust Inc. [ESRT]. The present Moving Average for the last 50 days of trading for this stock 6.67, while it was recorded at 8.96 for the last single week of trading, and 7.69 for the last 200 days.

Insight into Empire State Realty Trust Inc. 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.

ESRT Stock EPS

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%.

Empire State Realty Trust Inc. [ESRT] Insider Position Details

There are presently around $1,429 million, in the hands of institutional investors. The top three institutional holders of ESRT stocks are: VANGUARD GROUP INC with ownership of 21,552,208, which is approximately -6.75% of the company’s market cap and around 0.07% of the total institutional ownership; SOUTHEASTERN ASSET MANAGEMENT INC/TN/, holding 15,258,534 shares of the stock with an approximate value of $150.45 million in ESRT stocks shares; and BLACKROCK INC., currently with $92.5 million in ESRT stock with ownership of nearly -2.079% of the company’s market capitalization.

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Positions in Empire State Realty Trust Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 101 institutional holders increased their position in Empire State Realty Trust Inc. [NYSE:ESRT] by around 21,165,238 shares. Additionally, 98 investors decreased positions by around 18,229,903 shares, while 26 investors held positions by with 105,509,065 shares. The mentioned changes placed institutional holdings at 144,904,206 shares, according to the latest SEC report filing. ESRT stock had 29 new institutional investments in for a total of 3,704,002 shares, while 33 institutional investors sold positions of 8,735,883 shares during the same period.

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