The stock of Empire State Realty Trust Inc. (NYSE:ESRT) decreased by -$0.07 on Friday to finish at $8.07, down -0.86 percent. The last five days have seen an average of 902,780 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $1.33. The average number of shares traded over the last 20 days was 1,121,100, while the average volume over the last 50 days totaled 1,453,660.
ESRT stock dropped -5.06% since last month. On 07/26/23, the company’s shares reached a one-month low of $7.89. The stock touched a high of $9.08 on 07/31/23, after rallying from a low of $5.39 in 52 weeks. The price of ESRT stock has risen by 19.73% or $1.33 this year, reaching a new high 12 times. Still, the stock price is down -11.12% from the 52-week high.
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Valuation Metrics
Empire State Realty Trust Inc. (ESRT) has a trailing price-to-earnings (P/E) ratio of 34.34. Beta for the stock is 1.28. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.82, the price-to-book (PB) ratio of 1.34.
Company paid $0.0350 per share in dividends, remained unchanged from $0.0350 last year. A $0.07 dividend decrease was reported on Monday May 17 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending September 29 is 2.32, and the total debt to equity ratio is 2.32. As far as profitability goes, gross margin for the trailing twelve months is 55.10% percent. Empire State Realty Trust Inc.’s operating margin stood at 19.20% for the same period. Based on annual data, it had gross profit of $127.03 million and revenue of $727.04 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ESRT’s return on assets (ROA) during the last 12 months has been 1.10%. There was a 3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.90%.
Earnings Surprise
According to Empire State Realty Trust Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $165.05 million, while revenues rose by 11.19% to $153.41 million. It was predicted that Empire State Realty Trust Inc.’s quarterly earnings would be $0.03, but it ended up being $0.06. EBITDA was $96.03 million for the quarter. At the end of Empire State Realty Trust Inc.’s most recent quarter ended September 29, its total debt was $2.27 billion. Equity owned by shareholders amounts to $161.1 million.
Technical Picture
Here’s a quick look at Empire State Realty Trust Inc.’s (ESRT) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 35.66%, suggesting the stock is Neutral, with a 20.44% historical volatility rate.
The stochastic %K and %D were 12.04% and 11.94% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 2.58%, the RSI (14) reading is 43.42%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.22.
Analyst Ratings
In its most recent analyst report, Evercore ISI raised its rating on Empire State Realty Trust Inc. (NYSE: ESRT) to an Outperform. Prior to this, analysts firm rated the stock as an In-line. Analysts have assigned Empire State Realty Trust Inc. (ESRT) an Hold rating. ESRT is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is ESRT’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $10.00, with a median target price of $9.00. In analyzing these forecasts, the average price target given by analysts for Empire State Realty Trust Inc. (ESRT) is $8.80.
