Insider Buying: Alice Connell Purchases 1,205 Shares of Empire State Realty Trust Stock (ESRT)
Empire State Realty Trust (NASDAQ:ESRT) Director Alice Connell purchased 1,205 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were purchased at an average cost of $16.61 per share, for a total transaction of $20,015.05. Following the acquisition, the director now directly owns 1,205 shares of the company’s stock, valued at approximately $20,015. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Empire State Realty Trust (NASDAQ:ESRT) traded up 0.36% during mid-day trading on Monday, hitting $16.53. 192,691 shares of the company’s stock traded hands. Empire State Realty Trust has a 52 week low of $12.65 and a 52 week high of $17.34. The stock has a 50-day moving average of $16.40 and a 200-day moving average of $15.83. The company has a market cap of $1.624 billion and a P/E ratio of 18.65.
Empire State Realty Trust (NASDAQ:ESRT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $155.17 million for the quarter, compared to the consensus estimate of $91.29 million. On average, analysts predict that Empire State Realty Trust will post $0.80 earnings per share for the current fiscal year.
Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Empire State Realty Trust in a research note on Monday, July 28th. They set a “market perform” rating and a $16.40 price target on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.72.
Empire State Realty Trust, Inc is a self-administered and self-managed real estate investment trust (NASDAQ:ESRT), which owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area.
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