The stock price of Empire State Realty Trust Inc (NYSE: ESRT) has surged by 1.76 when compared to previous closing price of 9.10, but the company has seen a -1.07% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-28 that U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed’s policy meeting in the week ahead, markets were confounded – albeit temporarily – by a “jarring” GDP report that showed a return of “stagflationary” trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week – erasing essentially all of its declines in the prior week.
Is It Worth Investing in Empire State Realty Trust Inc (NYSE: ESRT) Right Now?
Empire State Realty Trust Inc (NYSE: ESRT) has a price-to-earnings ratio of 31.73x that is above its average ratio. Additionally, the 36-month beta value for ESRT is 1.33. 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 currently, short sellers hold a 6.05% ratio of that float. The average trading volume of ESRT on May 02, 2024 was 1.09M shares.
ESRT’s Market Performance
The stock of Empire State Realty Trust Inc (ESRT) has seen a -1.07% decrease in the past week, with a -3.54% drop in the past month, and a -2.73% fall in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.83% for ESRT. The simple moving average for the last 20 days is -0.82% for ESRT stock, with a simple moving average of 2.45% for the last 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 -3.85% 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 -10.27% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares sank -4.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.73% lower at present.
During the last 5 trading sessions, ESRT fell by -1.07%, which changed the moving average for the period of 200-days by +16.33% in comparison to the 20-day moving average, which settled at $9.32. In addition, Empire State Realty Trust Inc saw -4.44% 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:
- 0.21 for the present operating margin
- 0.42 for the gross margin
The net margin for Empire State Realty Trust Inc stands at 0.07. The total capital return value is set at 0.04. Equity return is now at value 5.49, with 1.26 for asset returns.
Based on Empire State Realty Trust Inc (ESRT), the company’s capital structure generated 1.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1.
Currently, EBITDA for the company is 336.62 million with net debt to EBITDA at 5.31. 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 18.84for trailing twelve months and the total asset turnover is 0.18.
Conclusion
In conclusion, Empire State Realty Trust Inc (ESRT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
