Empire State Realty Trust Inc (NYSE:ESRT) shares, rose in value on Thursday, April 25, with the stock price down by -2.40% to the previous day’s close as strong demand from buyers drove the stock to $9.14.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.36. The PE ratio was 31.31 over 12-month period. Referring to stock’s 52-week performance, its high was $10.32, and the low was $5.42. On the whole, ESRT has fluctuated by -5.82% over the past month.
The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 1.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 747.29M, with a low estimate of 190.38M and a high estimate of 191.11M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 190.75M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ESRT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 17.39, with the price of ESRT currently trading nearly -3.50% and -5.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.24, while the 7-day volatility ratio is showing 2.87% which for the 30-day chart, stands at 2.91%. Furthermore, Empire State Realty Trust Inc (ESRT)’s beta value is 1.32, and its average true range (ATR) is 0.29.
A comparison of Empire State Realty Trust Inc (ESRT) with its peers suggests the former has fared considerably weaker in the market. ESRT showed an intraday change of -2.40% in today’s session so far, and over the past year, it grew by 56.38%%.
Data on historical trading for Empire State Realty Trust Inc (NYSE:ESRT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 162.06 million shares outstanding.
Nearly 18.87% of Empire State Realty Trust Inc’s shares belong to company insiders and institutional investors own 70.68% of the company’s shares. The stock has fallen by -5.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ESRT stock heading into the next quarter.
