Empire State Realty Trust Inc (NYSE:ESRT) has been downgraded to Sell in a statement by Zacks Investment Research today.
- Updated: January 11, 2017
Just yesterday Empire State Realty Trust Inc (NYSE:ESRT) traded -1.00% lower at $19.78. Empire State Realty Trust Inc’s 50-day moving average is $20.03 and its 200-day moving average is $20.20. The last stock price is down -2.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.05% over the same time period. 870,584 shares of the stock traded hands, up from an average trading volume of 726,400
Zacks Investment Research has downgraded Empire State Realty Trust Inc (NYSE:ESRT) to Sell in a report released on 1/11/2017.
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Empire State Realty Trust Inc has a 52 week low of $14.58 and a 52 week high of $22.31 with a P/E ratio of 58.35 The company’s market cap is currently $0.
Also covering Empire State Realty Trust Inc's target, a total of 6 equity analysts have released a ratings update on ESRT. The one year target is $20.00 with two equity analysts rating the company a strong buy, 4 firms rating the stock a buy, 1 brokerage rating the company a hold, zero brokerages rating the company a underperform, and lastly 0 brokers rating the stock a sell.
Brief Synopsis On Empire State Realty Trust Inc (NYSE:ESRT)
Empire State Realty Trust, Inc. is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company's segments include Real Estate, Observatory and Other. The Real Estate segment includes the Company's activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. The Other segment includes the Company's activities related to providing construction services to tenants and to other entities. The Company's total portfolio contains approximately 10.1 million rentable square feet of office and retail space. The Company's portfolio includes approximately 10 office properties and over six standalone retail properties.
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