Analyst Rating Update on Empire State Realty Trust (ESRT)

Empire State Realty Trust (ESRT) : 4 brokerage houses believe that Empire State Realty Trust (ESRT) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Empire State Realty Trust (ESRT). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.4.

Empire State Realty Trust (ESRT) : The consensus price target for Empire State Realty Trust (ESRT) is $22 for the short term with a standard deviation of $0.82. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $23, however, the pessimist price target for the company is $21.

For the current week, the company shares have a recommendation consensus of Buy.


Empire State Realty Trust (NYSE:ESRT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.55 and $20.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.73, notching a gain of 0.93% for the day. The total traded volume was 1,215,887 . The stock had closed at $20.54 on the previous day.

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.

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