Empire State Realty Trust Inc (NYSE:ESRT) currently has a daily average trading volume of 1.13M but it saw 1079902 shares traded in last market. With a market cap of 1.56B USD, the company’s current market price of $9.49 came falling about -4.91 while comparing to the previous closing price of $9.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.32 and as low as $5.42.
Taking a look at 20-day trading activity of Empire State Realty Trust Inc (ESRT) gives us an average price of $9.77, while its current price level is -8.04% below from 52-week high level whereas it is 75.02% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.77 while that of 200 days or SMA-200 reads an average of $8.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.07% during that period while stretching the period over a month that decreases to 2.82%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.23 which implies that the stock is in neutral territory.
Evercore ISI upgraded its recommendation for the stock as a “Outperform” from “In-line” on May 23, 2023 while assigning a price target range of $7-$8. Evercore ISI also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $7.
Over the week, ESRT’s stock price is moving -1.76% down while it is -3.26% when we observe its performance for the past one month. Year-to-date it is -2.06% down and over the past year, the stock is showing an upside performance of 49.90%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.03 beaten by the consensus estimate of $0.06 for the same. For ESRT, analysts are forecasting an EPS-growth rate of -66.70% for current year and estimate for EPS growth in next year is -20.00%. In next quarter, company is expected to be making quarterly sales of $190.75 million as analysts are expecting the sales for current fiscal year at $747.29 million and seeing the company making $756.44 million in sales next year. Moreover, analysts are in estimates of $174.38 million for current-quarter revenue.
Currently, Empire State Realty Trust Inc’s total number of outstanding shares is 162.06M with 0.05% of that held by the insiders while 89.91% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.55% and return on equity (ROE) at 5.49%. It has a price to earnings ratio (P/E ratio) of 31.41. Stock’s beta reads 1.32. Stock has a price to book (P/B) ratio of 1.57 while price to sale or P/S ratio amounts to 2.11. Its return on asset (ROA) is 1.27% on average.
