Wells Fargo & Company Issues Pessimistic Forecast for Empire State Realty Trust (NYSE:ESRT) Stock Price

Empire State Realty Trust (NYSE:ESRT) had its price objective lowered by stock analysts at Wells Fargo & Company from $6.80 to $6.30 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 9.38% from the company’s current price.

Several other brokerages have also issued reports on ESRT. Weiss Ratings reissued a “hold (c-)” rating on shares of Empire State Realty Trust in a report on Monday, December 29th. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, February 18th. Finally, Citigroup cut their price target on shares of Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.58.

Empire State Realty Trust Trading Up 0.3%

Empire State Realty Trust stock opened at $5.76 on Monday. The business has a 50 day moving average price of $6.41 and a two-hundred day moving average price of $7.01. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 1.14. Empire State Realty Trust has a 12 month low of $5.55 and a 12 month high of $8.92. The stock has a market cap of $980.29 million, a price-to-earnings ratio of 22.15 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.23 earnings per share for the quarter. The company had revenue of $199.22 million for the quarter. Empire State Realty Trust had a return on equity of 2.60% and a net margin of 6.06%.Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. As a group, equities analysts forecast that Empire State Realty Trust will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Empire State Realty Trust

Several institutional investors have recently bought and sold shares of ESRT. Aster Capital Management DIFC Ltd acquired a new position in Empire State Realty Trust in the third quarter worth $29,000. Simplex Trading LLC lifted its position in Empire State Realty Trust by 869.5% during the 2nd quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 7,408 shares in the last quarter. CWM LLC increased its position in Empire State Realty Trust by 1,704.7% in the 2nd quarter. CWM LLC now owns 8,121 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 7,671 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Empire State Realty Trust during the fourth quarter worth approximately $69,000. Finally, Vise Technologies Inc. bought a new stake in shares of Empire State Realty Trust during the fourth quarter valued at approximately $71,000. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.