Empire State Realty Trust, Inc. | ESRT

Daily Technical Analysis of Empire State Realty Trust, Inc.

Empire State Realty Trust hasn't moved too much today but is slightly up, only up 0.64% since yesterday. It looks like ESRT may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. Empire State Realty Trust hasn't been treated too well by the market over the last few months and has seen a lot of selling continue to drive price down. It may get a little bounce here that will be subsequently followed by profit taking. Over the past 3 months, owners of the REIT are down -21.50 percent, we'll see if more buyers feel it's appropriately priced and want to purchase, if so we might get a little bounce.

If the price bounces off of the support and moves up it'll probably head up to the $9.11 level, at which point it may hit some selling pressure. If Empire State Realty Trust continues to break down lower from here, it'll likely fall until it gets to $7.43 at which point previous buyers at this level may move in and give it support.

Analyst Ratings for Empire State Realty Trust By Price Target And Rating

The analysts are pretty neutral on EMPIRE STATE REALTY TRUST right now, so not much useful information here. The current Analysts Sentiment Score is 0.22. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-11-27 there was a downgrade announced by Evercore ISI from Outperform to In-Line and provided a price target of $9.00. Wells Fargo & Company boosted their price targ by 16.67% to $7.00 on 2023-08-30. On 2023-08-08 Citigroup increased their price target by 24.14% to $9.00. BMO Capital Markets upgraded from Market Perform to Outperform on 2023-03-03 and provided a price target of $9.00. Bank of America announced an upgrade on 2023-03-01 from Neutral to Buy and added a price target of $9.25.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for EMPIRE STATE REALTY TRUST

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for EMPIRE STATE REALTY TRUST

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.