Empire State Realty Trust, Inc. (ESRT)
NYSE: ESRT · Real-Time Price · USD
10.39
+0.28 (2.77%)
Dec 26, 2024, 4:00 PM EST - Market closed
Empire State Realty Trust Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for ESRT stock have an average target of 11.5, with a low estimate of 10 and a high estimate of 13. The average target predicts an increase of 10.68% from the current stock price of 10.39.
Analyst Consensus: Hold
* Price targets were last updated on Nov 15, 2024.
Analyst Ratings
The average analyst rating for ESRT stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 1 | 1 | 1 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 3 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $12 → $13 | Buy | Maintains | $12 → $13 | +25.12% | Nov 15, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $7 → $10 | Sell | Maintains | $7 → $10 | -3.75% | Sep 11, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $11 → $12 | Buy | Maintains | $11 → $12 | +15.50% | Jul 19, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $9 | Buy → Hold | Downgrades | $9 | -13.38% | Nov 27, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $6 → $7 | Sell | Maintains | $6 → $7 | -32.63% | Aug 30, 2023 |
Financial Forecast
Revenue This Year
771.79M
Revenue Next Year
786.04M
from 771.79M
Increased by 1.85%
EPS This Year
0.13
from 0.30
Decreased by -57.74%
EPS Next Year
0.12
from 0.13
Decreased by -8.00%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 801.4M | 827.9M | 827.5M | |||
| Avg | 771.8M | 786.0M | 787.9M | |||
| Low | 725.9M | 731.4M | 741.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 7.3% | 5.3% | |||
| Avg | - | 1.8% | 0.2% | |||
| Low | - | -5.2% | -5.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 0.18 | 0.18 | 0.06 | |||
| Avg | 0.13 | 0.12 | 0.06 | |||
| Low | 0.08 | 0.06 | 0.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -40.8% | 40.0% | -46.3% | |||
| Avg | -57.7% | -8.0% | -47.8% | |||
| Low | -74.0% | -53.9% | -49.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.