In a report released yesterday, John Guinee from Stifel Nicolaus reiterated a Hold rating on Empire State Realty (NYSE: ESRT), with a price target of $17. The company’s shares opened today at $16.62, close to its 52-week low of $15.94.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.7% and a 62.8% success rate. Guinee covers the Financial sector, focusing on stocks such as Franklin Street Properties, Armada Hoffler Properties, and Liberty Property Trust.
Empire State Realty has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.
Empire State Realty’s market cap is currently $2.73B and has a P/E ratio of 42.54. The company has a Price to Book ratio of 2.32.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESRT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositionig office and retail properties in Manhattan and the greater New York metropolitan area. It operates through the Real Estate and Observatory segments.