Favorable Media Coverage Somewhat Unlikely to Affect Empire State Realty Trust (ESRT) Share Price
News coverage about Empire State Realty Trust (NYSE:ESRT) has been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 43 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Empire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : August 1, 2017 (finance.yahoo.com)
- Zacks Investment Research Downgrades Empire State Realty Trust, Inc. (ESRT) to Sell (americanbankingnews.com)
- Shedding Some Light on Empire State Realty Trust Inc (ESRT)’s Technicals – Wall Street Review (thewallstreetreview.com)
- Empire State Realty Trust, Inc. (ESRT)’s Yield is stands at 2.01%: Dividend Stock to Buy – Voice Of Analysts (analystsbuzz.com)
- Empire State Realty Trust, Inc. (ESRT) has a worth of $20.89 per share; Waddell & Reed Financial, Inc. (WDR) is … – Stocks Gallery (stocksgallery.com)
Shares of Empire State Realty Trust (NYSE:ESRT) traded up 0.05% during mid-day trading on Thursday, hitting $21.04. The stock had a trading volume of 856,062 shares. Empire State Realty Trust has a 12-month low of $18.62 and a 12-month high of $22.31. The stock’s 50-day moving average price is $20.69 and its 200-day moving average price is $20.84. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 52.60 and a beta of 1.01.
Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $118.81 million. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. On average, equities analysts anticipate that Empire State Realty Trust will post $0.92 EPS for the current fiscal year.
A number of research analysts have commented on the company. BidaskClub upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $21.00 price target on shares of Empire State Realty Trust in a research report on Thursday, June 22nd. BMO Capital Markets set a $23.00 price target on Empire State Realty Trust and gave the company a “buy” rating in a research report on Wednesday, May 31st. Finally, Evercore ISI initiated coverage on Empire State Realty Trust in a research report on Wednesday, May 31st. They set an “in-line” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.20.
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About Empire State Realty Trust
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, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.
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