The stock of Empire State Realty Trust Inc (ESRT) has seen a 4.93% increase in the past week, with a -4.39% drop in the past month, and a -6.96% decrease in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.91% for ESRT. The simple moving average for the past 20 days is -1.30% for ESRT’s stock, with a 3.90% simple moving average for the past 200 days.
Is It Worth Investing in Empire State Realty Trust Inc (NYSE: ESRT) Right Now?
The price-to-earnings ratio for Empire State Realty Trust Inc (NYSE: ESRT) is above average at 30.98x. The 36-month beta value for ESRT is also noteworthy at 1.32. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ESRT is 133.11M, and at present, short sellers hold a 5.87% of that float. The average trading volume of ESRT on April 25, 2024 was 1.05M shares.
ESRT) stock’s latest price update
Empire State Realty Trust Inc (NYSE: ESRT)’s stock price has decreased by -1.27 compared to its previous closing price of 9.48. However, the company has seen a 4.93% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Investors interested in stocks from the REIT and Equity Trust – Other sector have probably already heard of Empire State Realty Trust (ESRT) and Omega Healthcare Investors (OHI). But which of these two stocks is more attractive to value investors?
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 -3.48% 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 -9.30% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares sank -3.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.49% lower at present.
During the last 5 trading sessions, ESRT rose by +4.93%, which changed the moving average for the period of 200-days by +17.15% in comparison to the 20-day moving average, which settled at $9.47. In addition, Empire State Realty Trust Inc saw -3.41% 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 4.58. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.18.
Conclusion
In summary, Empire State Realty Trust Inc (ESRT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
