As of Friday close, Empire State Realty Trust Inc.’s (NYSE:ESRT) stock was up $0.05, moving up 0.61 percent to $8.31. The average number of shares traded per day over the past five days has been 755,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 1,407,120, while in the previous 50 days, it was 1,494,920.
Since last month, ESRT stock rose 6.27%. Shares of the company fell to $7.70 on 07/20/23, the lowest level in the past month. A 52-week high of $9.08 was reached on 07/31/23 after having rallying from a 52-week low of $5.39. Since the beginning of this year, ESRT’s stock price has risen by 23.29% or $1.57, and marked a new high 12 times. However, the stock has declined by -8.48% since its 52-week high.
Valuation Metrics
Right now, Empire State Realty Trust Inc. (ESRT) has a P/E ratio of about 35.36. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 1.85, the price-to-book (PB) ratio of 1.38.
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 2.32, and the total debt-to-equity ratio was 2.32. On the profitability front, the trailing twelve-month gross margin is 55.10% percent. In the year ended September 29, operating margins totaled 19.20%. 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 4.90%.
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 higher 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 $96.03 million in EBITDA. The value of shareholders’ equity is $161.1 million.
Technical Picture
This quick technical analysis looks at Empire State Realty Trust Inc.’s (ESRT) price momentum. With a historical volatility rate of 15.45%, the RSI 9-day stood at 41.50% on 18 August.
With respect to its five-day moving average, the current Empire State Realty Trust Inc. price is down by -4.15% percent or -$0.36. At present, ESRT shares trade +5.59% above its 20-day simple moving average and +36.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.74% above its SMA50 and +12.75% above its SMA200.
Stochastic coefficient K was 15.64% and Stochastic coefficient D was 23.53%, while ATR was 0.23. Given the Stochastic reading of 21.65% for the 14-day period, the RSI (14) reading has been calculated as 49.89%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.32.
Analyst Ratings
Evercore ISI upgraded its rating on Empire State Realty Trust Inc. (NYSE: ESRT) to an Outperform in a note to investors on May 23, 2023. The analysts firm previously had an In-line rating on the stock.Empire State Realty Trust Inc. (ESRT) has been rated Hold by analysts. According to 1 brokerage firm, ESRT is a sell, and 4 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 – $10.00. Based on these forecasts, analysts predict Empire State Realty Trust Inc. (ESRT) will achieve an average price target of $8.80.
