Todays Report: The Empire State Realty Trust Inc. (ESRT) Given a $24.00 Price Target by BMO Capital Markets Analysts

The Empire State Realty Trust Inc. (ESRT) Given a $24.00 Price Target by BMO Capital Markets Analysts

Empire State Realty Trust Inc. (NYSE:ESRT) has been assigned a $24.00 target price by analysts at BMO Capital Markets in a research note issued on Wednesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target would suggest a potential upside of 20.48% from the stock’s current price.

A number of other equities research analysts have also recently weighed in 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. TheStreet upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, BTIG Research started 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 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.17.

Shares of Empire State Realty Trust (NYSE:ESRT) traded up 0.61% during midday trading on Wednesday, reaching $19.92. 182,331 shares of the company were exchanged. Empire State Realty Trust has a 52-week low of $14.58 and a 52-week high of $22.31. The firm’s 50 day moving average is $19.66 and its 200-day moving average is $19.98. The company has a market capitalization of $3.09 billion, a PE ratio of 58.76 and a beta of 1.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Societe Generale bought a new position in shares of Empire State Realty Trust during the second quarter worth $111,000. SG Americas Securities LLC bought a new position in shares of Empire State Realty Trust during the second quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 worth $112,000 after buying an additional 582 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Empire State Realty Trust during the second quarter worth $115,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of 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 worth $122,000 after buying an additional 5,000 shares in the last quarter. 79.41% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Company Profile

Related posts

Leave a Comment