Empire State Realty Trust Inc. (NYSE:ESRT) went up by 0.55% from its latest closing price compared to the recent 1-year high of $10.49. The company’s stock price has collected 3.83% of gains in the last five trading sessions.
Is It Worth Investing in Empire State Realty Trust Inc. (NYSE :ESRT) Right Now?
Empire State Realty Trust Inc. (NYSE:ESRT) scored a price-to-earnings ratio above its average ratio, recording 59.84 x from its present earnings ratio. Plus, the 36-month beta value for ESRT is at 1.11. Opinions of the stock are interesting as 1 analysts out of 8 who provided ratings for Empire State Realty Trust Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $7.55, which is -$0.09 below the current price. ESRT currently public float of 160.34M and currently shorts hold a 7.60% ratio of that float. Today, the average trading volume of ESRT was 1.22M shares.
ESRT’s Market Performance
ESRT stocks went up by 3.83% for the week, with a monthly jump of 6.44% and a quarterly performance of 2.15%, while its annual performance rate touched -23.46%. The volatility ratio for the week stands at 2.76% while the volatility levels for the past 30 days are set at 3.31% for Empire State Realty Trust Inc. The simple moving average for the period of the last 20 days is 3.90% for ESRT stocks with a simple moving average of -3.80% for the last 200 days.
Analysts’ Opinion of ESRT
BMO Capital Markets, on the other hand, stated in their research note that they expect to see ESRT reach a price target of $8, previously predicting the price at $7.50. The rating they have provided for ESRT stocks is “Market Perform” according to the report published on July 14th, 2022.
Evercore ISI gave a rating of “Outperform” to ESRT, setting the target price at $11 in the report published on May 02nd of the current year.
ESRT Trading at 8.71% from the 50-Day Moving Average
After a stumble in the market that brought ESRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.15% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +9.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.62% upper at present.
During the last 5 trading sessions, ESRT rose by +2.76%, which changed the moving average for the period of 200-days by -14.87% in comparison to the 20-day moving average, which settled at $7.39. In addition, Empire State Realty Trust Inc. saw -14.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ESRT
Current profitability levels for the company are sitting at:
- +13.92 for the present operating margin
- +22.88 for the gross margin
The net margin for Empire State Realty Trust Inc. stands at -1.05. Equity return is now at value 1.30, with 0.30 for asset returns.