Stocks of Empire State Realty Trust Inc (ESRT) are poised to climb above their peers

With 0.98 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.3 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $11.23 whereas the lowest price it dropped to was $10.915. The 52-week range on ESRT shows that it touched its highest point at $11.43 and its lowest point at $7.25 during that stretch. It currently has a 1-year price target of $11.60. With its current market cap of 1.81 billion, ESRT has annualized dividend of $0.14 while the current yield stands at 1.24%. Beta for the stock currently stands at 1.42.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ESRT was down-trending over the past week, with a drop of -2.66%, but this was up by 4.38% over a month. Three-month performance surged to 20.42% while six-month performance rose 10.03%. The stock gained 42.71% in the past year, while it has gained 13.21% so far this year. EPS is expected to grow by 1.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.06%.

Float and Shares Shorts:

At present, 162.06 million ESRT shares are outstanding with a float of 134.06 million shares on hand for trading. On 2024-09-13, short shares totaled 4.92 million, which was 298.0 higher than short shares on 1723680000. In addition to Mr. Anthony E. Malkin as the firm’s Chairman & CEO, Ms. Christina Chiu serves as its President.

Institutional Ownership:

Through their ownership of 0.89695 of ESRT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, ESRT reported revenue of $181179000.0 and operating income of $31063000.0. The EBITDA in the recently reported quarter was $82766000.0 and diluted EPS was $0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ESRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.