Empire State Realty Trust (NYSE:ESRT) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Empire State Realty Trust (NYSE:ESRT – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Bank of America raised Empire State Realty Trust from a “neutral” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Wednesday, March 1st. Citigroup boosted their price target on shares of Empire State Realty Trust from $7.25 to $7.50 and gave the company a “neutral” rating in a report on Wednesday, March 1st. TheStreet upgraded shares of Empire State Realty Trust from a “d+” rating to a “c” rating in a research report on Wednesday, February 15th. Finally, BMO Capital Markets upgraded shares of Empire State Realty Trust from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Empire State Realty Trust has a consensus rating of “Hold” and a consensus price target of $8.15.

Empire State Realty Trust Stock Performance

ESRT stock opened at $6.61 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 7.17 and a current ratio of 7.17. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.00 and a beta of 1.19. Empire State Realty Trust has a 1 year low of $6.24 and a 1 year high of $10.06. The stock’s fifty day moving average is $7.62 and its two-hundred day moving average is $7.25.

Institutional Investors Weigh In On Empire State Realty Trust

Large investors have recently bought and sold shares of the company. Credit Suisse AG increased its position in shares of Empire State Realty Trust by 20.5% during the second quarter. Credit Suisse AG now owns 9,497,948 shares of the real estate investment trust’s stock worth $66,770,000 after acquiring an additional 1,618,452 shares in the last quarter. Norges Bank bought a new position in Empire State Realty Trust in the fourth quarter valued at $9,268,000. Balyasny Asset Management LLC lifted its stake in Empire State Realty Trust by 711.3% in the third quarter. Balyasny Asset Management LLC now owns 1,416,134 shares of the real estate investment trust’s stock valued at $9,290,000 after acquiring an additional 1,241,584 shares during the last quarter. State Street Corp lifted its stake in Empire State Realty Trust by 15.5% in the first quarter. State Street Corp now owns 7,256,222 shares of the real estate investment trust’s stock valued at $71,256,000 after acquiring an additional 974,740 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Empire State Realty Trust by 30.4% in the first quarter. Bank of America Corp DE now owns 1,664,413 shares of the real estate investment trust’s stock valued at $16,344,000 after acquiring an additional 387,609 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

Empire State Realty Trust Company Profile

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Empire State Realty Trust, Inc is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. It operates through the Real Estate and Observatory segments. The Real Estate segment includes ownership, management, operation, acquisition, repositioning, and disposition of real estate assets.