Brokerage Firm Rating on Empire State Realty Trust (ESRT)

Empire State Realty Trust (ESRT) : Zacks Investment Research ranks Empire State Realty Trust (ESRT) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.4, which indicates as a Strong Buy.

Empire State Realty Trust (ESRT) : 4 Wall Street analysts covering Empire State Realty Trust (ESRT) believe that the average level the stock could reach for the short term is $22.5. The maximum price target given is $24 and the minimum target for short term is around $21, hence the standard deviation is calculated at $1.29.


For the current week, the company shares have a recommendation consensus of Buy. Empire State Realty Trust (NYSE:ESRT): The stock opened at $20.73 on Thursday but the bulls could not build on the opening and the stock topped out at $20.75 for the day. The stock traded down to $20.47 during the day, due to lack of any buying support eventually closed down at $20.62 with a loss of -0.67% for the day. The stock had closed at $20.76 on the previous day. The total traded volume was 543,541 shares.

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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