Empire State Realty Trust Inc. (NYSE:ESRT) stock went on a downward path that fall over 0.00% on Friday, amounting to a one-week price increase of more than 0.29%. Over the last 12 months, ESRT stock dropped by -6.52%. The one-year ESRT stock forecast points to a potential downside of -0.16, with the average price target set at $16.13 per share. 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 ESRT stock reached $2.52 billion, with 180.94 million shares outstanding and 179.80 million shares in the current float. Compared to the average trading volume of 904.10K shares, ESRT reached a trading volume of 649815 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 $16.13 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.
Goldman 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 November 08, 2019. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $19 to $15. The new note on the price target was released on September 06, 2019, representing the official price target for Empire State Realty Trust Inc. stock. Previously, the target price had yet another raise to $17, while Citigroup analysts kept a Neutral rating on ESRT stock.
The Average True Range (ATR) for Empire State Realty Trust Inc. is set at 0.21, with the Price to Sales ratio for ESRT stock in the period of the last 12 months amounting to 3.42. The Price to Book ratio for the last quarter was 2.03, with the Price to Cash per share for the same quarter was set at 1.62.
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 0.29. With this latest performance, ESRT shares dropped by -1.07% in over the last four-week period, additionally sinking by -7.33% over the last 6 months – not to mention a drop of -6.52% 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 48.83, with the RSI for the last a single of trading hit 53.06, and the three-weeks RSI is set at 49.60 for Empire State Realty Trust Inc. (ESRT). The present Moving Average for the last 50 days of trading for this stock 14.02, while it was recorded at 13.90 for the last single week of trading, and 14.53 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 +15.37 and a Gross Margin at +33.40. Empire State Realty Trust Inc.’s Net Margin is presently recorded at +9.19.
Return on Total Capital for ESRT is now 2.94, given the latest momentum, and Return on Invested Capital for the company is 2.41. Return on Equity for this stock inclined to 5.49, with Return on Assets sitting at 1.64. 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 153.95. Additionally, ESRT Total Debt to Total Capital is recorded at 60.62, with Total Debt to Total Assets ending up at 45.73. Long-Term Debt to Equity for the company is recorded at 134.45, with the Long-Term Debt to Total Capital now at 52.60.
Reflecting on the efficiency of the workforce at the company, Empire State Realty Trust Inc. (ESRT) managed to generate an average of $81,797 per employee. Receivables Turnover for the company is 6.12 with a Total Asset Turnover recorded at a value of 0.18.
ESRT Stock EPS
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 $1,997 million, or 98.20% of ESRT stock, in the hands of institutional investors. The top three institutional holders of ESRT stocks are: VANGUARD GROUP INC with ownership of 23,728,543, which is approximately 1.055% of the company’s market cap and around 0.07% of the total institutional ownership; COHEN & STEERS, INC., holding 19,157,487 shares of the stock with an approximate value of $266.29 million in ESRT stocks shares; and BLACKROCK INC., currently with $132.48 million in ESRT stock with ownership of nearly 1.216% of the company’s market capitalization.
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 78 institutional holders increased their position in Empire State Realty Trust Inc. (NYSE:ESRT) by around 17,081,369 shares. Additionally, 101 investors decreased positions by around 15,250,685 shares, while 30 investors held positions by with 111,329,427 shares. The mentioned changes placed institutional holdings at 143,661,481 shares, according to the latest SEC report filing. ESRT stock had 17 new institutional investments in for a total of 584,880 shares, while 38 institutional investors sold positions of 4,273,343 shares during the same period.