Insider Buying: Alice Connell Purchases 1,205 Shares of Empire State Realty Trust Stock (ESRT)
Empire State Realty Trust (NASDAQ:ESRT) Director Alice Connell acquired 1,205 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $20,015. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Empire State Realty Trust (NASDAQ:ESRT) traded down 0.30% on Wednesday, hitting $16.49. The stock had a trading volume of 9,212 shares. Empire State Realty Trust has a 52 week low of $12.65 and a 52 week high of $17.34. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $15.88. The company has a market cap of $1.621 billion and a price-to-earnings ratio of 18.73.
Empire State Realty Trust (NASDAQ:ESRT) last released its earnings data on Wednesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 stock. The stock presently has an average rating of “Hold” and a consensus target price 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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