Analyst Rating Update on Empire State Realty Trust (ESRT)

Empire State Realty Trust (NYSE:ESRT) has an average broker rating of 1.4, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Empire State Realty Trust (NYSE:ESRT) : The highest level Empire State Realty Trust (NYSE:ESRT) is projected to reach is $22 for the short term and the lowest estimate is at $21. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $21.25 and the possibility the share price can swing is $0.5.

For the current week, the company shares have a recommendation consensus of Buy.

Empire State Realty Trust (NYSE:ESRT): stock turned positive on Tuesday. Though the stock opened at $18.47, the bulls momentum made the stock top out at $18.74 level for the day. The stock recorded a low of $18.4 and closed the trading day at $18.64, in the green by 1.69%. The total traded volume for the day was 921,861. The stock had closed at $18.33 in the previous days trading.

Empire State Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates in two segments: Real Estate and Observatory. The Companys real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. Its observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. These two lines of businesses are managed separately and provide different services.

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