Empire State Realty Trust Inc. (ESRT) Shares: Cheap or Risky?

Empire State Realty Trust Inc. (NYSE:ESRT) saw an upside of 2.38% to close Tuesday at $10.74 after adding $0.25 on the day. The 5-day average trading volume is 815,400 shares of the company’s common stock. It has gained $10.81 in the past week. An average of 1,540,910 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,388,984.

ESRT’s 1-month performance is 7.40% or $0.99 on its low of $9.49 reached on 09/20/21. The company’s shares have touched a 52-week low of $5.19 and high of $13.11, with the stock’s rally to the 52-week high happening on 06/09/21. YTD, ESRT has achieved 15.24% or $1.42. However, the current price is down -18.08%% from the 52-week high price.


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Valuation Metrics

Empire State Realty Trust Inc. (ESRT) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.94 for the sector. The company’s PE ratio for the last five years has touched a high of 60.32 and a low of 24.88. ESRT stock has a beta of 1.14. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.12 while the price-to-book (PB) in the most recent quarter is 1.75, with the price to cash flow ratio at 25.75.

Empire State Realty Trust Inc. pays an annual dividend of $0.14 per share. Its dividend yield is 1.30%. ESRT’s most recent quarterly dividend payment was made on Sep. 30, when it paid $0.0350 a share compared with prior rate of $0.0350, down 0.0% from last year’s. The company latest dividend decrease of $0.07 reported on Monday May 17 2021. Measured over the last 3 years, the Dividend has been growing by -50.00% yearly.

It is projected that Empire State Realty Trust Inc.’s next ex-dividend date will be on 21-Dec. ESRT is expected to distribute $0.004 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 2.02, while the total debt to equity was 2.02. In terms of profitability, the gross margin trailing 12 months is 54.50%. while for the period ending June 29; Empire State Realty Trust Inc.’s operating margin was 12.50%. The firm’s gross profit as reported stood at $58.66 million against revenue of $609.23 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ESRT to announce -$0.01 per share in earnings in its latest quarter, but it posted $0.01, representing a 200.00% surprise. EBITDA for the quarter stood at more than $75.48 million. ESRT stock balance sheet for the quarter ending June 29 shows that, with total debt at $2.17 billion. Shareholders hold equity totaling $173.41 million

Technical Picture

Let’s look briefly at Empire State Realty Trust Inc. (ESRT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 70.31% to suggest the stock is trending Overbought, with historical volatility in this time period at 30.99%.

The stock’s 5-day moving average is $10.48, reflecting a +4.88% or $0.50 change from its current price. ESRT is currently trading +7.94% above its 20-day SMA, -7.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -4.36% and +13.17% respectively.

Stochastic %K and %D was 83.72% and 80.74% and the average true range (ATR) pointed at 0.28. The RSI (14) points at 63.19%, while the 14-day stochastic is at 92.86% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Empire State Realty Trust Inc. (NYSE: ESRT), BMO Capital Markets downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for ESRT stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate ESRT as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.

What is ESRT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $9.50 and a high of $14.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Empire State Realty Trust Inc. (ESRT) stock is $12.04.

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