Empire State Realty Trust (ESRT) Getting Favorable News Coverage, Analysis Finds
Media stories about Empire State Realty Trust (NYSE:ESRT) have trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.1728757604626 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Empire State Building Uses Cortex Mobile App to Reduce Energy Consumption and Create $800k Per Year in Savings (bizjournals.com)
- Empire State Building Opens 50,000-Square-Foot Space To Prospective Retailers (retailtouchpoints.com)
- Empire State Realty Trust (ESRT) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Empire State Building has retail space to offer (gulfnews.com)
- Empire State Realty Trust Completes Retail Redevelopment Plan On 33rd Street (finance.yahoo.com)
Shares of Empire State Realty Trust (ESRT) opened at $18.18 on Friday. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2,821.78, a PE ratio of 46.62, a P/E/G ratio of 4.26 and a beta of 0.86. Empire State Realty Trust has a 12-month low of $17.57 and a 12-month high of $21.98.
In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of Empire State Realty Trust stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $20.45, for a total value of $25,422,683.35. Following the sale, the chairman now owns 156,416 shares of the company’s stock, valued at $3,198,707.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.80% of the stock is currently owned by insiders.
About Empire State Realty Trust
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.
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