Media stories about Empire State Realty Trust (NYSE:ESRT) have trended positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Empire State Realty Trust earned a news impact score of 0.30 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.1331319412028 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Empire State Building Uses Cortex Mobile App to Reduce Energy Consumption and Create $800k Per Year in Savings (bizjournals.com)
- Empire State Building Opens 50,000-Square-Foot Space To Prospective Retailers (retailtouchpoints.com)
- Empire State Realty Trust (ESRT) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Empire State Building has retail space to offer (gulfnews.com)
- Empire State Realty Trust Completes Retail Redevelopment Plan On 33rd Street (finance.yahoo.com)
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Evercore ISI upgraded Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price for the company in a report on Monday, December 4th. TheStreet cut Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. BMO Capital Markets restated a “buy” rating and set a $23.00 target price on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Finally, BidaskClub lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Empire State Realty Trust currently has an average rating of “Hold” and a consensus target price of $22.50.
Shares of Empire State Realty Trust (ESRT) traded up $0.39 during midday trading on Friday, hitting $18.18. The stock had a trading volume of 1,686,233 shares, compared to its average volume of 1,194,692. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.80. Empire State Realty Trust has a 1-year low of $17.57 and a 1-year high of $21.98. The firm has a market cap of $2,883.64, a price-to-earnings ratio of 46.62, a PEG ratio of 4.35 and a beta of 0.86.
In other news, Chairman Anthony E. Malkin sold 1,243,163 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the sale, the chairman now owns 156,416 shares of the company’s stock, valued at approximately $3,198,707.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.80% of the stock is currently owned by company insiders.
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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, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.
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