In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The price of Empire State Realty Trust Inc (NYSE: ESRT) closed at $9.12 in the last session, down -2.56% from day before closing price of $9.36. In other words, the price has decreased by -$2.56 from its previous closing price. On the day, 1.86 million shares were traded. ESRT stock price reached its highest trading level at $9.255 during the session, while it also had its lowest trading level at $9.02.
Ratios:
We take a closer look at ESRT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.06. In the meantime, Its Debt-to-Equity ratio is 2.31 whereas as Long-Term Debt/Eq ratio is at 2.31.
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 2533225984 and an Enterprise Value of 3424769024. As of this moment, Empire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 4.529 whereas that against EBITDA is 10.313.
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 -5.83%, while the 200-Day Moving Average is calculated to be 1.16%.
Shares Statistics:
According to the various share statistics, ESRT traded on average about 1.05M shares per day over the past 3-months and 1155650 shares per day over the past 10 days. A total of 162.06M shares are outstanding, with a floating share count of 133.11M. Insiders hold about 18.87% of the company’s shares, while institutions hold 70.72% stake in the company. Shares short for ESRT as of 1713139200 were 8058976 with a Short Ratio of 7.66, compared to 1710460800 on 7185472. Therefore, it implies a Short% of Shares Outstanding of 8058976 and a Short% of Float of 7.06.
Dividends & Splits
The forward annual dividend rate for ESRT is 0.14, which was 0.105 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.011217949The stock’s 5-year Average Dividend Yield is 2.49.
