Empire State Realty Trust (NYSE:ESRT – Get Rating) had its price objective raised by equities researchers at Wells Fargo & Company from $5.00 to $6.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 0.99% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets raised Empire State Realty Trust from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research note on Friday, March 3rd. Citigroup increased their price target on Empire State Realty Trust from $7.25 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, March 1st. StockNews.com began coverage on Empire State Realty Trust in a research note on Thursday. They issued a “hold” rating for 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 for the company in a research note on Wednesday, March 1st. Finally, TheStreet raised Empire State Realty Trust from a “d+” rating to a “c” rating in a research note on Wednesday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Empire State Realty Trust currently has an average rating of “Hold” and an average target price of $8.35.
Empire State Realty Trust Price Performance
Shares of ESRT opened at $6.06 on Thursday. Empire State Realty Trust has a 12-month low of $6.04 and a 12-month high of $10.06. The business has a 50-day simple moving average of $7.61 and a two-hundred day simple moving average of $7.24. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 1.33. The stock has a market cap of $978.21 million, a PE ratio of 27.55, a PEG ratio of 2.58 and a beta of 1.19.
Institutional Inflows and Outflows
About Empire State Realty Trust
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.
- Get a free copy of the StockNews.com research report on Empire State Realty Trust (ESRT)
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