As of Friday close, Empire State Realty Trust Inc.’s (NYSE:ESRT) stock was down -$0.57, moving down -8.60 percent to $6.06. The average number of shares traded per day over the past five days has been 3,132,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.60 fall in that time frame. In the last twenty days, the average volume was 1,630,495, while in the previous 50 days, it was 1,240,386.
Since last month, ESRT stock retreated -23.29%. Shares of the company fell to $6.04 on 03/17/23, the lowest level in the past month. A 52-week high of $10.06 was reached on 02/02/23 after having rallying from a 52-week low of $6.24. Since the beginning of this year, ESRT’s stock price has dropped by -10.09% or -$0.68, and marked a new high 10 times. However, the stock has declined by -39.73% since its 52-week high.
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Valuation Metrics
Right now, Empire State Realty Trust Inc. (ESRT) has a P/E ratio of about 27.05. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.40, the price-to-book (PB) ratio of 1.02, and the price-to-cash flow ratio of 14.01 may also be considered.
The latest dividend of $0.0350 per share was paid out, remained unchanged from last year’s $0.0350. On Monday May 17 2021, a $0.07 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 2.35, and the total debt-to-equity ratio was 2.35. On the profitability front, the trailing twelve-month gross margin is 57.10% percent. In the year ended September 29, operating margins totaled 17.50%. Based on annual data, ESRT earned $127.03 million in gross profit and brought in $727.04 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.90%. Return on equity (ROE) for the past 12 months was 3.80%.
In Empire State Realty Trust Inc.’s quarter-end financial report for September 29, it reported total debt of $1.16 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ESRT’s revenue rose 11.19% to $153.41 million during the quarter, while net income inched up to $165.05 million. While analysts expected Empire State Realty Trust Inc. to report $0.06 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $87.07 million in EBITDA. The value of shareholders’ equity is $161.71 million.
Technical Picture
This quick technical analysis looks at Empire State Realty Trust Inc.’s (ESRT) price momentum. With a historical volatility rate of 56.29%, the RSI 9-day stood at 17.70% on 17 March.
With respect to its five-day moving average, the current Empire State Realty Trust Inc. price is down by -20.89% percent or -$1.60. At present, ESRT shares trade -25.19% below its 20-day simple moving average and -13.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.66% below its SMA50 and -24.25% below its SMA200.
Stochastic coefficient K was 12.98% and Stochastic coefficient D was 11.86%, while ATR was 0.42. Given the Stochastic reading of 0.97% for the 14-day period, the RSI (14) reading has been calculated as 24.71%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -0.88.
Analyst Ratings
BMO Capital Markets upgraded its rating on Empire State Realty Trust Inc. (NYSE: ESRT) to an Outperform in a note to investors on March 03, 2023. The analysts firm previously had a Market perform rating on the stock.Empire State Realty Trust Inc. (ESRT) has been rated Overweight by analysts. According to 1 brokerage firm, ESRT is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Empire State Realty Trust Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $6.00 – $9.25. Based on these forecasts, analysts predict Empire State Realty Trust Inc. (ESRT) will achieve an average price target of $8.15.