In the past week, ESRT stock has gone down by -8.59%, with a monthly decline of -8.75% and a quarterly plunge of -9.25%. The volatility ratio for the week is 4.20%, and the volatility levels for the last 30 days are 2.73% for Empire State Realty Trust Inc. The simple moving average for the past 20 days is -4.85% for ESRT’s stock, with a 1.15% simple moving average for the past 200 days.
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 that is above its average at 37.78x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for ESRT is 135.70M, and at present, short sellers hold a 3.48% of that float. On December 26, 2024, the average trading volume of ESRT was 1.12M shares.
ESRT) stock’s latest price update
Empire State Realty Trust Inc (NYSE: ESRT)’s stock price has gone rise by 2.28 in comparison to its previous close of 10.07, however, the company has experienced a -8.59% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-12-15 that Empire State Realty Trust has surged 16% in the past year, driven by Manhattan’s office market recovery and increasing return-to-office mandates. ESRT’s fiscal 2024 third-quarter revenue rose 4.2% year-over-year, fueled by its diversified portfolio, including the iconic Empire State Building. The REIT’s strong FFO growth, record free cash flow, and strategic acquisitions position it well for future expansion and increased occupancy rates.
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 -5.24% 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 -11.36% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 4.20%, as shares sank -9.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.00% lower at present.
During the last 5 trading sessions, ESRT fell by -8.59%, which changed the moving average for the period of 200-days by +3.06% in comparison to the 20-day moving average, which settled at $10.83. In addition, Empire State Realty Trust Inc saw 4.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ESRT starting from Durels Thomas P., who sale 3,193 shares at the price of $10.90 back on Dec 18 ’24. After this action, Durels Thomas P. now owns 96,807 shares of Empire State Realty Trust Inc, valued at $34,804 using the latest closing price.
Durels Thomas P., the Officer of Empire State Realty Trust Inc, proposed sale 3,193 shares at $10.90 during a trade that took place back on Dec 18 ’24, which means that Durels Thomas P. is holding shares at $34,804 based on the most recent closing price.
Stock Fundamentals for ESRT
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.36 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 4.95, with 1.15 for asset returns.
Based on Empire State Realty Trust Inc (ESRT), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 2.42. The interest coverage ratio of the stock is 1.45.
Currently, EBITDA for the company is 336.62 million with net debt to EBITDA at 5.97. When we switch over and look at the enterprise to sales, we see a ratio of 4.9. The receivables turnover for the company is 1.71for trailing twelve months and the total asset turnover is 0.17.
Conclusion
To sum up, Empire State Realty Trust Inc (ESRT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
