Empire State Realty Trust Inc (NYSE: ESRT) has a higher price-to-earnings ratio of 43.09x compared to its average ratio, The 36-month beta value for ESRT is at 1.42. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ESRT is 135.28M, and currently, shorts hold a 3.81% of that float. The average trading volume for ESRT on October 17, 2024 was 1.26M shares.
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ESRT) stock’s latest price update
The stock price of Empire State Realty Trust Inc (NYSE: ESRT) has jumped by 0.27 compared to previous close of 11.28. Despite this, the company has seen a gain of 2.26% in its stock price over the last five trading days. businesswire.com reported 2024-10-07 that NEW YORK–(BUSINESS WIRE)–Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it welcomed four new tenants to its retail portfolio and plans to open a new ticketing center at the world-famous Empire State Building Observatory. ESRT expanded its curated food and beverage offerings with Alidoro, an Italian specialty sandwich shop, and Omakase restaurant Roppongi 37. Alidoro signed a new lease for a 1,156 square foot space at the Empire State Building. They will join other retailers.
ESRT’s Market Performance
Empire State Realty Trust Inc (ESRT) has experienced a 2.26% rise in stock performance for the past week, with a 4.05% rise in the past month, and a 7.10% rise in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.34% for ESRT. The simple moving average for the last 20 days is 2.54% for ESRT’s stock, with a simple moving average of 13.72% 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 6.14% 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 -1.61% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +1.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.70% upper at present.
During the last 5 trading sessions, ESRT rose by +2.26%, which changed the moving average for the period of 200-days by +16.72% in comparison to the 20-day moving average, which settled at $11.03. In addition, Empire State Realty Trust Inc saw 16.72% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ESRT
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.42 for the gross margin
The net margin for Empire State Realty Trust Inc stands at 0.06. The total capital return value is set at 0.04. Equity return is now at value 4.82, with 1.10 for asset returns.
Based on Empire State Realty Trust Inc (ESRT), the company’s capital structure generated 0.7 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 2.37. The interest coverage ratio of the stock is 1.47.
Currently, EBITDA for the company is 336.62 million with net debt to EBITDA at 5.28. When we switch over and look at the enterprise to sales, we see a ratio of 5.03. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In conclusion, Empire State Realty Trust Inc (ESRT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
