Empire State Realty Trust (ESRT) : 4 brokerage houses believe that Empire State Realty Trust (ESRT) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Empire State Realty Trust (ESRT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.4.
Empire State Realty Trust (ESRT) stock is expected to deviate a maximum of $0.96 from the average target price of $22.75 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $24 and the most muted being $22.
Empire State Realty Trust, Inc. has lost 0.87% in the last five trading days and dropped 0.34% in the last 4 weeks. Empire State Realty Trust, Inc. is up 8.88% in the last 3-month period. Year-to-Date the stock performance stands at 14.76%. Empire State Realty Trust (NYSE:ESRT): On Tuesdays trading session , Opening price of the stock was $20.64 with an intraday high of $20.72. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.47. However, the stock managed to close at $20.52, a loss of 0.29% for the day. On the previous day, the stock had closed at $20.58. The total traded volume of the day was 683,024 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.