Empire State Realty Trust (ESRT) has risen sharply, recording gains of 0.53% in the past 4 weeks. However, the stock has corrected -2.4% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.42% and the 50-Day Moving Average is 1.09%.The 200 Day SMA reached 13.61% Empire State Realty Trust, Inc. is up 9.07% in the last 3-month period. Year-to-Date the stock performance stands at 16.75%.
Empire State Realty Trust (ESRT) : Average target price received by Empire State Realty Trust (ESRT) is $23.25 with an expected standard deviation of $0.96. The most aggressive target on the stock is $24, whereas the most downbeat target is $22. 4 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Empire State Realty Trust (NYSE:ESRT): The stock opened at $20.58 and touched an intraday high of $20.93 on Friday. During the day, the stock corrected to an intraday low of $20.54, however, the bulls stepped in and pushed the price higher to close in the green at $20.77 with a gain of 0.58% for the day. The total traded volume for the day was 4,259,864. The stock had closed at $20.77 in the previous trading session.
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.