Empire State Realty Trust (ESRT) Shares are Up 3.93%

Empire State Realty Trust (ESRT) : Traders are bullish on Empire State Realty Trust (ESRT) as it has outperformed the S&P 500 by a margin of 1.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.29%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.93% in the last 1 week, and is up 8.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Empire State Realty Trust (NYSE:ESRT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.13 and $20.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.37, notching a gain of 1.49% for the day. The total traded volume was 1,618,708 . The stock had closed at $20.07 on the previous day.


The stock has recorded a 20-day Moving Average of 5.69% and the 50-Day Moving Average is 6.44%. Empire State Realty Trust, Inc. is up 11.86% in the last 3-month period. Year-to-Date the stock performance stands at 13.92%.

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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