Empire State Realty Trust Inc (NYSE: ESRT) closed the day trading at $9.83 down -1.40% from the previous closing price of $9.97. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 1026363 shares were traded. ESRT stock price reached its highest trading level at $9.98 during the session, while it also had its lowest trading level at $9.80.
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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 3.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.31. In the meantime, Its Debt-to-Equity ratio is 2.30 whereas as Long-Term Debt/Eq ratio is at 2.21.
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.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ESRT now has a Market Capitalization of 1.60B and an Enterprise Value of 3.52B. As of this moment, Empire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.18 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 4.76 whereas that against EBITDA is 9.30.
Stock Price History:
Over the past 52 weeks, ESRT has reached a high of $10.32, while it has fallen to a 52-week low of $5.38. The 50-Day Moving Average of the stock is 9.86, while the 200-Day Moving Average is calculated to be 8.49.
Shares Statistics:
Over the past 3-months, ESRT traded about 1.30M shares per day on average, while over the past 10 days, ESRT traded about 1.23M shares per day. A total of 162.06M shares are outstanding, with a floating share count of 132.82M. Insiders hold about 19.06% of the company’s shares, while institutions hold 70.48% stake in the company. Shares short for ESRT as of Feb 15, 2024 were 7.05M with a Short Ratio of 5.41, compared to 7.17M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.34% and a Short% of Float of 6.44%.
Dividends & Splits
ESRT’s forward annual dividend rate is 0.14, up from 0.14 a year ago. Against a Trailing Annual Dividend Yield of 1.40%, it implies a Forward Annual Dividend Yield of 1.42%. The stock’s 5-year Average Dividend Yield is 2.51.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.1 and $0.1 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.08, with 1 analysts recommending between $0.08 and $0.08.
Revenue Estimates
2 analysts predict $762.65M in revenue for the current quarter. It ranges from a high estimate of $767.24M to a low estimate of $758.07M. As of the current estimate, Empire State Realty Trust Inc’s year-ago sales were $739.57M, an estimated increase of 3.10% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for ESRT’s current fiscal year. The highest revenue estimate was $767.24M, while the lowest revenue estimate was $758.07M, resulting in an average revenue estimate of $762.65M. In the same quarter a year ago, actual revenue was $739.57M, up 3.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $779.48M in the next fiscal year. The high estimate is $800.25M and the low estimate is $758.72M. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
