A share price of Empire State Realty Trust Inc [ESRT] is currently trading at $9.66, up 1.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The ESRT shares have gain 6.04% over the last week, with a monthly amount drifted -5.85%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Empire State Realty Trust Inc [NYSE: ESRT] stock has seen the most recent analyst activity on November 27, 2023, when Evercore ISI downgraded its rating to a In-line. Previously, Evercore ISI upgraded its rating to Outperform on May 23, 2023, and elevated its price target to $8. On April 12, 2023, downgrade downgraded it’s rating to In-line and revised its price target to $7 on the stock. BMO Capital Markets upgraded its rating to a Outperform but stick to its price target of $9 on March 03, 2023. BofA Securities upgraded its rating to a Buy but $9.25 remained the price target by the analyst firm on March 01, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on August 01, 2022. In a note dated July 14, 2022, BMO Capital Markets upgraded an Market Perform rating on this stock and boosted its target price from $7.50 to $8.
Empire State Realty Trust Inc experienced fluctuations in its stock price throughout the past year between $8.78 and $11.62. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Empire State Realty Trust Inc [NYSE: ESRT] shares were valued at $9.66 at the most recent close of the market. An investor can expect a potential return of 34.58% based on the average ESRT price forecast.
Analyzing the ESRT fundamentals
Trailing Twelve Months sales for Empire State Realty Trust Inc [NYSE:ESRT] were 763.20M which represents 4.22% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.47 points at the first support level, and at 9.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.78, and for the 2nd resistance point, it is at 9.90.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.11, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 35.44.
Transactions by insiders
Recent insider trading involved Durels Thomas P., EVP, Real Estate, that happened on Dec 24 ’24 when 10000.0 shares were sold. Officer, Durels Thomas P. completed a deal on Dec 24 ’24 to buy 10000.0 shares. Meanwhile, EVP, Real Estate Durels Thomas P. sold 3193.0 shares on Dec 18 ’24.
