Empire State Realty Trust (ESRT) has risen sharply, recording gains of 5.51% in the past 4 weeks. However, the stock has corrected -1.66% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.96% and the 50-Day Moving Average is 5.22%. Empire State Realty Trust (NYSE:ESRT): stock turned positive on Friday. Though the stock opened at $20.62, the bulls momentum made the stock top out at $20.84 level for the day. The stock recorded a low of $20.58 and closed the trading day at $20.68, in the green by 0.29%. The total traded volume for the day was 497,142. The stock had closed at $20.62 in the previous days trading.
The company Insiders own 13.7% of Empire State Realty Trust shares according to the proxy statements. Institutional Investors own 92.5% of Empire State Realty Trust shares.
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.