Empire State Realty Trust Inc (NYSE:ESRT) currently has a daily average trading volume of 1.10M but it saw 3271700 shares traded in last market. With a market cap of 1.46B USD, the company’s current market price of $8.75 came falling about -2.89 while comparing to the previous closing price of $9.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.62 and as low as $8.78.
Taking a look at 20-day trading activity of Empire State Realty Trust Inc (ESRT) gives us an average price of $9.37, while its current price level is -24.70% below from 52-week high level whereas it is -0.34% 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 $9.90 while that of 200 days or SMA-200 reads an average of $10.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.37% during that period while stretching the period over a month that increases to 2.40%. 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 25.80 which implies that the stock is in oversold 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 -4.99% down while it is -11.26% when we observe its performance for the past one month. Year-to-date it is -15.21% down and over the past year, the stock is showing a downside performance of -13.11%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.06. In next quarter, company is expected to be making quarterly sales of $196.5M as analysts are expecting the sales for current fiscal year at $769.48M and seeing the company making $777.64M in sales next year. Moreover, analysts are in estimates of $182M for current-quarter revenue.
Currently, Empire State Realty Trust Inc’s total number of outstanding shares is 166.76M with 0.05% of that held by the insiders while 94.45% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.34% and return on equity (ROE) at 4.95%. It has a price to earnings ratio (P/E ratio) of 33.84. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 1.44 while price to sale or P/S ratio amounts to 1.90. Its return on asset (ROA) is 1.18% on average.
