ESRT Stock Summary and Trading Ideas (Empire State Realty Trust Class A | NYSE:ESRT)

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 9.4 million square feet of office space, about 80% of which is located in Manhattan.

Empire State Realty Trust Class A trades on the NYSE stock market under the symbol ESRT.

As of April 26, 2024, ESRT stock price climbed to $9.21 with 828,700 million shares trading.

ESRT has a beta of 1.29, meaning it tends to be more sensitive to market movements. ESRT has a correlation of 0.21 to the broad based SPY ETF.

ESRT has a market cap of $1.50 billion. This is considered a Small Cap stock.

Last quarter Empire State Realty Trust Class A reported $154 million in Revenue and $.21 earnings per share. This fell short of revenue expectation by $-20 million and exceeded earnings estimates by $.02.

In the last 3 years, ESRT stock traded as high as $13.11 and as low as $5.39.

The top ETF exchange traded funds that ESRT belongs to (by Net Assets): VNQ, VTI, VB, IWM, VBR.

ESRT has outperformed the market in the last year with a price return of +62.6% while the SPY ETF gained +27.4%. However, in the short term, ESRT had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.9% vs +4.6% return in SPY. But in the last 2 weeks, ESRT shares have fared better than the market returning +0.1% compared to SPY -0.5%.

ESRT support price is $8.91 and resistance is $9.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESRT stock will trade within this expected range on the day.