Media coverage about Empire State Realty Trust (NYSE:ESRT) has trended positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.5894538270341 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s rankings:
Shares of Empire State Realty Trust (ESRT) traded up $0.02 during trading on Friday, hitting $20.47. 348,100 shares of the stock were exchanged, compared to its average volume of 905,532. Empire State Realty Trust has a 12 month low of $19.18 and a 12 month high of $21.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 5.11 and a current ratio of 4.93. The company has a market cap of $3,246.87, a P/E ratio of 21.10, a PEG ratio of 5.14 and a beta of 0.99.
Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The company had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a net margin of 11.90% and a return on equity of 3.98%. Empire State Realty Trust’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. equities analysts predict that Empire State Realty Trust will post 0.96 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 price target on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Finally, TheStreet raised shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.00.
COPYRIGHT VIOLATION WARNING: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/12/empire-state-realty-trust-esrt-earning-positive-news-coverage-accern-reports.html.
Empire State Realty Trust Company Profile
Empire State Realty Trust, Inc is a real estate investment trust. The Company 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 Company operates through two segments: Real Estate and Observatory.
Receive News & Ratings for Empire State Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.