In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Empire State Realty Trust Inc (NYSE: ESRT) closed the day trading at $8.75 down -2.89% from the previous closing price of $9.01. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 3.27 million shares were traded.
Ratios:
For a better understanding of ESRT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.29. In the meantime, Its Debt-to-Equity ratio is 2.47 whereas as Long-Term Debt/Eq ratio is at 2.47.
On May 23, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $7 to $8.
Evercore ISI Downgraded its Outperform to In-line on April 12, 2023, whereas the target price for the stock was revised from $8 to $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 24 ’24 when Durels Thomas P. sold 10,000 shares for $10.10 per share. The transaction valued at 101,000 led to the insider holds 86,807 shares of the business.
Durels Thomas P. bought 10,000 shares of ESRT for $101,024 on Dec 24 ’24. On Dec 18 ’24, another insider, Durels Thomas P., who serves as the EVP, Real Estate of the company, sold 3,193 shares for $10.90 each. As a result, the insider received 34,804 and left with 96,807 shares of the company.
Valuation Measures:
As of this moment, Empire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.90 while its Price-to-Book (P/B) ratio in mrq is 1.44.
Stock Price History:
Over the past 52 weeks, ESRT has reached a high of $11.62, while it has fallen to a 52-week low of $8.78. The 50-Day Moving Average of the stock is -11.65%, while the 200-Day Moving Average is calculated to be -14.20%.
Shares Statistics:
A total of 166.76M shares are outstanding, with a floating share count of 135.68M. Insiders hold about 18.63% of the company’s shares, while institutions hold 74.67% stake in the company.
