Empire State Realty Trust, Inc. (NYSE:ESRT) traded at $6.88 at last check on Tuesday, Jun 30, making a downturn move of -0.07% on its previous day’s price.
Looking at the stock we see that its previous close was $6.88 and the beta (5Y monthly) reads 0.75 with the day’s price range being $6.77 – 6.93. The company has a 12-month trailing PE ratio of 25.84. In terms of its 52-week price range, ESRT has a high of $15.36 and a low of $6.26. The company’s stock has gained about 3.77% over that past 30 days.
Empire has a market cap of $2.05 Billion and is expected to release its quarterly earnings report on Jul 22, 2020- Jul 27, 2020. With its Forward Dividend at 0.42 and a yield of 6.44%, the company’s investors could be anxious for the ESRT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.04, with the EPS growth for the year declined at $0.02 for 2020 and $0.12 for next year. These figures represent -0.93% and at 5% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $151.86 Million, with a low of $146.61 Million and a high of $159.41 Million. The median projection represents growth adding up to -13.8% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $650.62 Million, or -11% down from figures reported last year.
On the other hand, looking at the outlook for the ESRT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 10 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Empire State Realty Trust, Inc. (ESRT) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Empire (ESRT) stock to its peers. We find that today’s price change of -0.07% and -53.54% over the past 12 months for ESRT competes that of American Tower Corp (AMT), which has seen its stock price rise 1.34% in the latest trading session and is +24.14% over the last one year. Another of its peers Crown Castle International Corp (CCI) has climbed 2.02% today, and is +24.51% up over the past year, while Prologis Inc (PLD) is also down -0.07% yet its price remains in the red at -53.54% over the same period. American has a P/E ratio of 59.38 compared to Empire’s 26.46 and Crown’s 91.8. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Empire State Realty Trust, Inc. (NYSE:ESRT), we note that the average 3-month trading volume was 3.2 Million, while that of the preceding 10-day period stands at 3.13 Million. Current shares outstanding are 174.45 Million.
According to data from Thomson Reuters, insiders hold 0.07% of the company’s shares while institutions hold 99.43%. The data shows that short shares as of June 14, 2020, stood at 10.92 Million at a short ratio of 2.73. This represents a 3.69% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 11.17 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -50.72% down in year-to-date price movement.