Empire State Realty Trust Inc (NYSE: ESRT) has a higher price-to-earnings ratio of 29.76x compared to its average ratio. ESRT has 36-month beta value of 1.33. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ESRT is 133.11M, and currently, short sellers hold a 5.87% ratio of that float. The average trading volume of ESRT on April 17, 2024 was 1.13M shares.
ESRT) stock’s latest price update
Empire State Realty Trust Inc (NYSE: ESRT)’s stock price has gone decline by -1.64 in comparison to its previous close of 9.14, however, the company has experienced a -9.92% decrease in its stock price over the last five trading days. CNBC Television reported 2024-04-16 that Steve Sakwa, senior equity research analyst at Evercore ISI, on what’s next for commercial real estate, the impact of increasing return-to-office mandates, and more.
ESRT’s Market Performance
Empire State Realty Trust Inc (ESRT) has experienced a -9.92% fall in stock performance for the past week, with a -8.17% drop in the past month, and a -11.25% drop in the past quarter. The volatility ratio for the week is 3.12%, and the volatility levels for the past 30 days are at 2.90% for ESRT.. The simple moving average for the past 20 days is -7.29% for ESRT’s stock, with a 0.29% simple moving average for the past 200 days.
Analysts’ Opinion of ESRT
Evercore ISI, 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. The rating they have provided for ESRT stocks is “Outperform” according to the report published on May 23rd, 2023.
Evercore ISI gave a rating of “In-line” to ESRT, setting the target price at $7 in the report published on April 12th of the previous year.
ESRT Trading at -7.75% 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 -12.89% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares sank -8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.87% lower at present.
During the last 5 trading sessions, ESRT fell by -9.92%, which changed the moving average for the period of 200-days by +19.39% in comparison to the 20-day moving average, which settled at $9.66. In addition, Empire State Realty Trust Inc saw -7.22% 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:
- 0.2 for the present operating margin
- 0.47 for the gross margin
The net margin for Empire State Realty Trust Inc stands at 0.08. The total capital return value is set at 0.04. Equity return is now at value 5.49, with 1.27 for asset returns.
Based on Empire State Realty Trust Inc (ESRT), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.27. The interest coverage ratio of the stock is 1.41.
Currently, EBITDA for the company is 336.62 million with net debt to EBITDA at 5.37. When we switch over and look at the enterprise to sales, we see a ratio of 4.5. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.18.
Conclusion
To put it simply, Empire State Realty Trust Inc (ESRT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
