As of Wednesday close, Empire State Realty Trust Inc.’s (NYSE:ESRT) stock was up $0.16, moving up 1.85 percent to $8.81. The average number of shares traded per day over the past five days has been 963,400 shares. 3 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 1,005,610, while in the previous 50 days, it was 1,428,652.
Since last month, ESRT stock retreated -0.23%. Shares of the company fell to $8.05 on 08/25/23, 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 30.71% or $2.07, and marked a new high 12 times. However, the stock has declined by -2.97% 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 37.49. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.99, the price-to-book (PB) ratio of 1.46.
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 30.48%, the RSI 9-day stood at 67.26% on 30 August.
With respect to its five-day moving average, the current Empire State Realty Trust Inc. price is up by +6.53% percent or $0.54. At present, ESRT shares trade -0.79% below its 20-day simple moving average and +36.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.76% above its SMA50 and +15.77% above its SMA200.
Stochastic coefficient K was 67.94% and Stochastic coefficient D was 40.59%, while ATR was 0.26. Given the Stochastic reading of 91.57% for the 14-day period, the RSI (14) reading has been calculated as 63.21%. As of today, the MACD Oscillator reading stands at 0.27, while the 14-day reading stands at 0.23.
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 $7.00 – $10.00. Based on these forecasts, analysts predict Empire State Realty Trust Inc. (ESRT) will achieve an average price target of $9.00.
