Empire State Realty Trust Inc (NYSE:ESRT) shares traded 0.46% higher at $8.73 on Wall Street last session.
In accordance with the data, 7 analysts cover Empire State Realty Trust Inc (NYSE:ESRT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.50 and a low of $7.00, we find $9.00. Given the previous closing price of $8.69, this indicates a potential upside of 3.57 percent. ESRT stock price is now 6.76% away from the 50-day moving average and 16.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1.42B.
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It has been rated a hold by 3 analysts and a buy by 3. Brokers who have rated the stock have averaged $8.90 as their price target over the next twelve months.
With the price target enhanced from $7 to $8, Evercore ISI Upgraded its rating from In-line to Outperform for Empire State Realty Trust Inc (NYSE: ESRT).
A total of 19.22% of the company’s stock is owned by insiders.
Empire State Realty Trust Inc (NYSE: ESRT) opened at $8.83 on Wednesday. During the past 12 months, Empire State Realty Trust Inc has had a low of $5.39 and a high of $9.32. According to the stock market information, the enterprise value for the company is $3.36B, which is based on a 26.94 price-to-earnings ratio, a 14.96 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for ESRT is $8.18 and a two-hundred day moving average price translates $7.46 for the stock.
The latest earnings results from Empire State Realty Trust Inc (NYSE: ESRT) was released for Sep, 2023. According to the REIT – Diversified Company, earnings per share came in at $0.03, missing analysts’ expectations of $0.06 by -0.03. This compares to $0.03 EPS in the same period last year. The net profit margin was 7.22% and return on equity was 11.48% for ESRT. The company reported revenue of $191.53 million for the quarter, compared to $183.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.25 percent. For the current quarter, analysts expect ESRT to generate $181.27M in revenue.
