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Empire State Realty Trust (NASDAQ:ESRT) Director Alice Connell acquired 1,205 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were purchased at an average price of $16.61 per share, with a total value of $20,015.05. Following the completion of the purchase, the director now directly owns 1,205 shares in the company, valued at approximately $20,015. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Empire State Realty Trust presently has an average rating of “Hold” and an average target price of $16.72.

Empire State Realty Trust (NASDAQ:ESRT) traded down 0.06% on Tuesday, hitting $16.52. The stock had a trading volume of 48,640 shares. 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 $16.41 and a 200-day moving average of $15.87. The company has a market cap of $1.623 billion and a P/E ratio of 18.72.

Empire State Realty Trust (NASDAQ:ESRT) last announced its earnings results on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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.

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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