Empire State Realty Trust, Inc. (ESRT)
NYSE: ESRT · Real-Time Price · USD
11.08
+0.24 (2.21%)
Nov 22, 2024, 4:00 PM EST - Market closed
Empire State Realty Trust Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ESRT stock have an average target of 10.67, with a low estimate of 9.00 and a high estimate of 13. The average target predicts a decrease of -3.70% from the current stock price of 11.08.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for ESRT stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $12 → $13 | Buy | Maintains | $12 → $13 | +17.33% | Nov 15, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $7 → $10 | Sell | Maintains | $7 → $10 | -9.75% | Sep 11, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $11 → $12 | Buy | Maintains | $11 → $12 | +8.30% | Jul 19, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $9 | Buy → Hold | Downgrades | $9 | -18.77% | Nov 27, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $6 → $7 | Sell | Maintains | $6 → $7 | -36.82% | Aug 30, 2023 |
Financial Forecast
Revenue This Year
777.23M
Revenue Next Year
794.30M
from 777.23M
Increased by 2.20%
EPS This Year
0.17
from 0.30
Decreased by -42.52%
EPS Next Year
0.17
from 0.17
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 801.4M | 827.9M | 820.5M | ||
| Avg | 777.2M | 794.3M | 784.5M | ||
| Low | 744.3M | 753.2M | 741.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 6.5% | 3.3% | ||
| Avg | - | 2.2% | -1.2% | ||
| Low | - | -3.1% | -6.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.18 | 0.18 | 0.06 | ||
| Avg | 0.17 | 0.17 | 0.06 | ||
| Low | 0.17 | 0.17 | 0.06 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -40.8% | 2.9% | -63.7% | ||
| Avg | -42.5% | - | -64.7% | ||
| Low | -44.8% | -3.9% | -66.1% |
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.