After finishing at $9.66 in the prior trading day, Empire State Realty Trust Inc (NYSE: ESRT) closed at $9.47, down -1.97%. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 710702 shares were traded.
Ratios:
Our goal is to gain a better understanding of ESRT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.68. 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 1.55B and an Enterprise Value of 3.48B. As of this moment, Empire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 4.70 whereas that against EBITDA is 9.19.
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 $5.42. The 50-Day Moving Average of the stock is 9.82, while the 200-Day Moving Average is calculated to be 8.87.
Shares Statistics:
The stock has traded on average 1.13M shares per day over the past 3-months and 844.94k shares per day over the last 10 days, according to various share statistics. A total of 162.06M shares are outstanding, with a floating share count of 132.82M. Insiders hold about 19.05% of the company’s shares, while institutions hold 70.69% stake in the company. Shares short for ESRT as of Mar 15, 2024 were 7.19M with a Short Ratio of 6.34, compared to 7.05M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.38% and a Short% of Float of 6.48%.
Dividends & Splits
In the trailing 12 months, ESRT’s forward annual dividend rate was 0.14, compared to 0.14 this year. Against a Trailing Annual Dividend Yield of 1.45%, it implies a Forward Annual Dividend Yield of 1.40%. The stock’s 5-year Average Dividend Yield is 2.51.
Earnings Estimates
Its stock is currently analyzed by 0 different market 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
A total of 4 analysts have provided revenue estimates for ESRT’s current fiscal year. The highest revenue estimate was $767.24M, while the lowest revenue estimate was $731.8M, resulting in an average revenue estimate of $751.84M. In the same quarter a year ago, actual revenue was $739.57M, up 1.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $768.41M in the next fiscal year. The high estimate is $800.25M and the low estimate is $750.7M. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
