Empire State Realty Trust (NYSE:ESRT) has been under a strong bear grip, hence the stock is down -1.28% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.28% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.57% in the last 1 week, and is up 0.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 9.35% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $19.77 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $19.04 and the 200 Day Moving Average price is recorded at $17.73.
The stock has recorded a 20-day Moving Average of 2.05% and the 50-Day Moving Average is 2.2%.
Empire State Realty Trust (NYSE:ESRT): stock turned positive on Friday. Though the stock opened at $18.88, the bulls momentum made the stock top out at $19.41 level for the day. The stock recorded a low of $18.82 and closed the trading day at $19.41, in the green by 3.30%. The total traded volume for the day was 1,750,232. The stock had closed at $18.79 in the previous days trading.
Empire State Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates in two segments: Real Estate and Observatory. The Companys real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. Its observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. These two lines of businesses are managed separately and provide different services.