Empire State Realty Stock Today
| ESRT Stock | USD 9.36 0.12 1.27% |
Performance0 of 100
| Odds Of DistressLess than 9
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Empire State is selling for under 9.36 as of the 24th of April 2024; that is -1.27 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 9.25. Empire State has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Empire State Realty are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Equity Real Estate Investment Trusts (REITs) | IPO Date 2nd of October 2013 | Category Real Estate |
, a leading real estate investment trust , 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 Worlds Most Famous Building. Headquartered in New York, New York, the Companys office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York and approximately 700,000 rentable square feet in the retail portfolio. The company has 163.16 M outstanding shares of which 7.82 M shares are currently shorted by private and institutional investors with about 7.93 trading days to cover. More on Empire State Realty
Moving together with Empire Stock
| 0.63 | FR | First Industrial Realty | PairCorr |
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Moving against Empire Stock
| 0.5 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.48 | AHT-PI | Ashford Hospitality Trust | PairCorr |
Empire Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Empire State's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Empire State or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman Emeritus | Peter Malkin | ||||
| Business Concentration | Diversified REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, NYSE Composite, Real Estate, Diversified REITs, REIT—Diversified, Real Estate (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Empire State report their recommendations after researching Empire State's financial statements, talking to executives and customers, or listening in on Empire State's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Empire State Realty. The Empire consensus assessment is calculated by taking the average forecast from all of the analysts covering Empire State. | |||||
Empire State's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Empire State's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Empire State's financial leverage. It provides some insight into what part of Empire State's total assets is financed by creditors.
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Empire State Realty (ESRT) is traded on New York Stock Exchange in USA. It is located in 111 West 33rd Street, New York, NY, United States, 10120-1220 and employs 666 people. Empire State is listed under Diversified REITs category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.57 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Empire State's market, we take the total number of its shares issued and multiply it by Empire State's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Empire State Realty conducts business under Diversified REITs sector and is part of Real Estate industry. The entity has 163.16 M outstanding shares of which 7.82 M shares are currently shorted by private and institutional investors with about 7.93 trading days to cover.
Empire State Realty currently holds about 387.25 M in cash with 232.49 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.28.
Check Empire State Probability Of Bankruptcy
Ownership AllocationEmpire State Realty retains a total of 163.16 Million outstanding shares. The majority of Empire State Realty outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Empire State Realty to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Empire State. Please pay attention to any change in the institutional holdings of Empire State Realty as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Empire Ownership Details
Empire Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Empire State jumping above the current price in 90 days from now is about 87.83%. The Empire State Realty probability density function shows the probability of Empire State stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.2238 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Empire State will likely underperform. Additionally, empire State Realty has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Empire State to move above the current price in 90 days from now is about 87.83 (This Empire State Realty probability density function shows the probability of Empire Stock to fall within a particular range of prices over 90 days) .
Empire Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Empire State that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Empire State's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Empire State's value.| Instituion | Recorded On | Shares | |
| Cbre Investment Management Listed Real Assets Llc | 2023-12-31 | 2.5 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 2 M | |
| Northern Trust Corp | 2023-12-31 | 1.9 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 1.8 M | |
| Millennium Management Llc | 2023-12-31 | 1.4 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 1.4 M | |
| Point72 Asset Management, L.p. | 2023-09-30 | 1.3 M | |
| Segall Bryant & Hamill | 2023-12-31 | 1.3 M | |
| Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 1.2 M | |
| Vanguard Group Inc | 2023-12-31 | 19.1 M | |
| Blackrock Inc | 2023-12-31 | 15.7 M |
Empire State Historical Income Statement
Empire State Realty Income Statement is one of the three primary financial statements used for reporting Empire's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Empire State Realty revenue and expense. Empire State Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Empire State's Gross Profit is comparatively stable compared to the past year. EBIT is likely to gain to about 149.1 M in 2024, whereas Total Revenue is likely to drop slightly above 581.7 M in 2024. View More FundamentalsEmpire Stock Against Markets
Picking the right benchmark for Empire State stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Empire State stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Empire State is critical whether you are bullish or bearish towards Empire State Realty at a given time. Please also check how Empire State's historical prices are related to one of the top price index indicators.
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Empire State Corporate Directors
Empire State corporate directors refer to members of an Empire State board of directors. The board of directors generally takes responsibility for the Empire State's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Empire State's board members must vote for the resolution. The Empire State board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Thomas Durels | Executive VP and Director of Leasing and Operations | Profile | |
| Leslie Biddle | Independent Director | Profile | |
| James Robinson | Independent Director | Profile | |
| William Berkman | Independent Director | Profile |
How to buy Empire Stock?
Before investing in Empire State, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Empire State. To buy Empire State stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Empire State. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Empire State stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Empire State Realty stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Empire State Realty stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Empire State Realty, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Empire Stock please use our How to Invest in Empire State guide.
Already Invested in Empire State Realty?
The danger of trading Empire State Realty is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Empire State is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Empire State. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Empire State Realty is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Empire State Realty is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Empire Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Empire State Realty Stock. Highlighted below are key reports to facilitate an investment decision about Empire State Realty Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire State Realty. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running Empire State's price analysis, check to measure Empire State's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Empire State is operating at the current time. Most of Empire State's value examination focuses on studying past and present price action to predict the probability of Empire State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire State's price. Additionally, you may evaluate how the addition of Empire State to your portfolios can decrease your overall portfolio volatility.
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Is Empire State's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Empire State. If investors know Empire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Empire State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 0.14 | Earnings Share 0.3 | Revenue Per Share 4.59 | Quarterly Revenue Growth 0.064 |
The market value of Empire State Realty is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire State's value that differs from its market value or its book value, called intrinsic value, which is Empire State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Empire State's market value can be influenced by many factors that don't directly affect Empire State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Empire State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.