Short Term Rating on Empire State Realty Trust (ESRT)

Empire State Realty Trust (ESRT) : 5 analysts are covering Empire State Realty Trust (ESRT) and their average rating on the stock is 1.4, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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 $21.25. The maximum price target given is $22 and the minimum target for short term is around $21, hence the standard deviation is calculated at $0.5.

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


Empire State Realty Trust (NYSE:ESRT): The stock opened at $19.52 on Tuesday but the bulls could not build on the opening and the stock topped out at $19.58 for the day. The stock traded down to $19.31 during the day, due to lack of any buying support eventually closed down at $19.45 with a loss of -0.26% for the day. The stock had closed at $19.50 on the previous day. The total traded volume was 1,365,921 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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