Empire State Realty Trust Inc (ESRT) can make a big difference with a little luck

With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.26 million shares. During the session, the REIT – Diversified company that operates in wider Real Estate sector, reached to the highest price of $9.92 whereas the lowest price it dropped to was $9.74. The 52-week range on ESRT shows that it touched its highest point at $10.32 and its lowest point at $5.38 during that stretch. It currently has a 1-year price target of $9.80. With its current market cap of 1.62 billion, ESRT has annualized dividend of $0.12 while the current yield stands at 1.26%. Beta for the stock currently stands at 1.31.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ESRT was up-trending over the past week, with a rise of 2.28%, but this was down by -1.40% over a month. Three-month performance surged to 5.04% while six-month performance rose 11.12%. The stock gained 40.68% in the past year, while it has gained 1.86% so far this year. EPS is expected to grow by 1.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.06%.

Float and Shares Shorts:

At present, 162.06 million ESRT shares are outstanding with a float of 132.82 million shares on hand for trading. On Feb 29, 2024, short shares totaled 7.83 million, which was 4.77% higher than short shares on Jan 31, 2024. In addition to Mr. Anthony E. Malkin as the firm’s Chairman & CEO, Ms. Christina Chiu serves as its President.

Institutional Ownership:

Through their ownership of 90.00% of ESRT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ESRT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.