Empire State Realty Trust, Inc. (NYSE:ESRT) Sees Significantly Higher Trading Volume

Lloyd Doyle
October 19, 2017

The firm purchased 22,247 shares of the real estate investment trust's stock, valued at approximately $462,000.

When selecting potential stocks to buy, many investors want to find out what Wall Street professionals are thinking about the company beforehand - like what the average analyst rating is. SG Americas Securities LLC lifted its stake in shares of Empire State Realty Trust by 13.8% in the second quarter. The firm presently has a $23.00 price target on the real estate investment trust's stock. The value of the investment in Empire State Realty Trust, Inc. went from $1,371,000 to $883,000 a change of 35.6% since the last quarter. (NYSE:ESRT) ended its day at $20.96 with the rising stream of 0.67% and its total traded volume was 1.4 million shares more than the average volume.

Ratings analysis reveals 71% of Empire State Realty Trust's analysts are positive. The company's institutional ownership is monitored at 0 percent. Advisors Asset Management Inc. lifted its stake in shares of Empire State Realty Trust by 44.8% in the second quarter. Real Estate Management Services Llc owns 1.11 million shares or 4.55% of their United States portfolio. BlackRock Inc. now owns 6,901,650 shares of the real estate investment trust's stock worth $142,448,000 after purchasing an additional 6,714,963 shares in the last quarter. The stock tapped a 52-week high of US$48.05 while the mean 12-month price target for the shares is US$39. The institutional investor owned 322,824 shares of the real estate investment trust's stock after selling 271,967 shares during the quarter. "(ESRT)" was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.

The collective rating of 2 for Empire State Realty Trust, Inc. Empire State Realty Trust's quarterly revenue was up 7.3% compared to the same quarter past year. (NYSE:ESRT) had a closing price of $21.03 yesterday.


Shares of the company are trading at $20.98 just a bit higher than the 50 day moving average which is $20.48 and barely above the 200 day moving average of $20.75. Empire State Realty Trust, Inc. The company has a market cap of $3.34 billion, a PE ratio of 53.65 and a beta of 1.01. The value of the total investment in Empire State Realty Trust, Inc. increased from $446,000 to $466,000 a change of 4.5% since the last quarter. EPS ratio determined by looking at last 12 month figures is 0.39. The business had revenue of $120.80 million during the quarter, compared to the consensus estimate of $118.81 million. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The business's quarterly revenue was up 7.3% compared to the same quarter a year ago. Its sales stood at 0.50% a year on average in the period of last five years. On average, equities research analysts expect that Empire State Realty Trust, Inc. will post $0.92 EPS for the current fiscal year. Additionally the company recently announced a dividend for shareholders paid on Friday the 29th of September 2017. The ex-dividend date was Thursday the 14th of September 2017. This represents a $0.42 dividend on an annualized basis and a yield of 2.00%.

ESRT has been the topic of several other research reports. BidaskClub raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, August 2nd. Of those holders, 89 had increased positions amounting to 9 million shares, 78 had decreased positions amounting to 7.51 million shares, and 25 holders have a held position accounting for 116.67 million shares. Goldman Sachs Group, Inc. (The) reaffirmed a "neutral" rating and set a $21.00 price target on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. Of the 8 analysts surveyed by Reuters that track ESRT 3 of them rate its stock a hold. The 50 day moving average was up $0.55 and the 200 day average moved up $0.28.

According to Zacks, "Empire State Realty Trust, Inc.is a real estate investment trust which owns, manages, operates, acquires and repositions office and retail properties primarily in Manhattan and NY metropolitan area".

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