Stock Worth Mentioning: After Today’s Huge Decline, Is Empire State Realty Trust Inc’s Near-Term Analysis Negative?

Stock Worth Mentioning: After Today's Huge Decline, Is Empire State Realty Trust Inc's Near Term Analysis Negative?

The stock of Empire State Realty Trust Inc (NYSE:ESRT) is a huge mover today! The stock decreased 1.62% or $0.34 on September 30, hitting $20.95. Empire State Realty Trust Inc (NYSE:ESRT) has risen 33.61% since February 29, 2016 and is uptrending. It has outperformed by 23.18% the S&P500.
The move comes after 8 months negative chart setup for the $2.63B company. It was reported on Oct, 1 by Barchart.com. We have $19.69 PT which if reached, will make NYSE:ESRT worth $157.80M less.

Analysts await Empire State Realty Trust Inc (NYSE:ESRT) to report earnings on October, 26. They expect $0.27 EPS, 0.00% or $0.00 from last year’s $0.27 per share. ESRT’s profit will be $33.89M for 19.40 P/E if the $0.27 EPS becomes a reality. After $0.24 actual EPS reported by Empire State Realty Trust Inc for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Empire State Realty Trust Inc (NYSE:ESRT) Ratings Coverage

Out of 4 analysts covering Empire State Realty Trust (NYSE:ESRT), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Empire State Realty Trust has been the topic of 4 analyst reports since September 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, February 24. The stock has “Buy” rating given by BTIG Research on Thursday, August 25. The stock has “Outperform” rating given by BMO Capital Markets on Thursday, September 10. Cowen & Co initiated the shares of ESRT in a report on Monday, March 28 with “Outperform” rating.

According to Zacks Investment Research, “Empire State Realty Trust, Inc. is a real estate investment trust which owns, manages, operates, acquires and repositions office and retail properties primarily in Manhattan and New York metropolitan area. Empire State Realty Trust, Inc. is based in New York, United States.”

Insitutional Activity: The institutional sentiment increased to 2.04 in 2016 Q2. Its up 0.31, from 1.73 in 2016Q1. The ratio increased, as 11 funds sold all Empire State Realty Trust Inc shares owned while 45 reduced positions. 22 funds bought stakes while 92 increased positions. They now own 116.54 million shares or 3.40% more from 112.72 million shares in 2016Q1.
Art Advisors Ltd Llc holds 70,644 shares or 0.07% of its portfolio. Ray Gerald L Associate Limited accumulated 0.05% or 16,800 shares. Moreover, Alliancebernstein Ltd Partnership has 0.01% invested in Empire State Realty Trust Inc (NYSE:ESRT) for 789,530 shares. Bailard holds 0.05% of its portfolio in Empire State Realty Trust Inc (NYSE:ESRT) for 21,000 shares. Indexiq Llc last reported 97,818 shares in the company. National Bank & Trust Of America De has 0.01% invested in the company for 1.31 million shares. Dimensional Fund Advsrs Limited Partnership owns 1.27M shares or 0.01% of their US portfolio. Moreover, Royal State Bank Of Canada has 0% invested in Empire State Realty Trust Inc (NYSE:ESRT) for 38,612 shares. Great West Life Assurance Co Can accumulated 0% or 11,920 shares. Moreover, Amica Pension Fund Board Of Trustees has 0.04% invested in Empire State Realty Trust Inc (NYSE:ESRT) for 14,198 shares. Principal Financial accumulated 0% or 27,976 shares. Qs Investors Ltd Liability Corporation has 0% invested in the company for 17 shares. Ubs Asset Management Americas has 0% invested in the company for 188,488 shares. Metropolitan Life Insurance Company Ny has 13,442 shares for 0% of their US portfolio. Invest Counselors Of Maryland Limited Liability holds 1.03% of its portfolio in Empire State Realty Trust Inc (NYSE:ESRT) for 988,200 shares.

More notable recent Empire State Realty Trust Inc (NYSE:ESRT) news were published by: Prnewswire.com which released: “Empire State Realty Trust adds Popular Poke Concept to Times Square South …” on September 22, 2016, also Prnewswire.com with their article: “Empire State Realty Trust Announces Winner Of Fifth Annual “My Empire State …” published on September 19, 2016, Prnewswire.com published: “Empire State Realty Trust Renews Lease with Emmis Communications” on July 20, 2016. More interesting news about Empire State Realty Trust Inc (NYSE:ESRT) were released by: Therealdeal.com and their article: “Qatari fund pays $622M for stake in Empire State Realty Trust” published on August 24, 2016 as well as Therealdeal.com‘s news article titled: “Malkin earned $3.5M from Empire State Realty Trust in 2015” with publication date: April 19, 2016.

ESRT Company Profile

Empire State Realty Trust, Inc., incorporated on July 29, 2011, is a real estate investment trust. The Firm owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company’s divisions include Real Estate, Observatory and Other. The Real Estate segment includes the Company’s activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. The Other segment includes the Company’s activities related to providing construction services to tenants and to other entities. The Company’s total portfolio contains approximately 10.1 million rentable square feet of office and retail space.

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