Empire State Realty Trust Inc (NYSE:ESRT) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other research firms have also recently commented on ESRT. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. BMO Capital Markets set a $24.00 target price on shares of Empire State Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Finally, BTIG Research initiated coverage on shares of Empire State Realty Trust in a research note on Thursday, August 25th. They set a “buy” rating and a $24.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $21.17.

Shares of Empire State Realty Trust (NYSE:ESRT) opened at 19.57 on Friday. The stock has a 50 day moving average of $19.69 and a 200-day moving average of $19.98. The stock has a market cap of $3.03 billion, a PE ratio of 57.73 and a beta of 1.00. Empire State Realty Trust has a 52 week low of $14.58 and a 52 week high of $22.31.

Several large investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new stake in Empire State Realty Trust during the second quarter valued at about $111,000. SG Americas Securities LLC bought a new stake in Empire State Realty Trust during the second quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Empire State Realty Trust by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,898 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 582 shares during the last quarter. Advisor Group Inc. bought a new stake in Empire State Realty Trust during the second quarter valued at about $115,000. Finally, Nisa Investment Advisors LLC boosted its stake in Empire State Realty Trust by 625.0% in the third quarter. Nisa Investment Advisors LLC now owns 5,800 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 79.41% of the company’s stock.

Empire State Realty Trust Company Profile

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.

5 Day Chart for NYSE:ESRT

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