Empire State Realty Trust Inc (NYSE:ESRT) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $22.33.
Several brokerages recently weighed in on ESRT. BidaskClub lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Zacks Investment Research upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday. Evercore ISI upgraded Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective for the company in a research report on Monday, December 4th. TheStreet lowered Empire State Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a research report on Wednesday, November 1st.
In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.45, for a total value of $25,422,683.35. Following the completion of the transaction, the chairman now directly owns 156,416 shares in the company, valued at $3,198,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.80% of the company’s stock.
Empire State Realty Trust (NYSE:ESRT) opened at $17.79 on Friday. The firm has a market capitalization of $2,896.33, a P/E ratio of 45.62, a P/E/G ratio of 4.31 and a beta of 0.86. Empire State Realty Trust has a 52-week low of $17.78 and a 52-week high of $21.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93.
Empire State Realty Trust Company Profile
Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.
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