In a report released today, John Kim from BMO Capital reiterated a Buy rating on Empire State Realty (NYSE: ESRT), with a price target of $20. The company’s shares closed on Friday at $17.38.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 4.6% and a 60.1% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Physicians Realty Trust, and Camden Property Trust.
The the analyst consensus on Empire State Realty is currently a Hold rating.
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Based on Empire State Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $10 million. In comparison, last year the company had a net profit of $16.81 million.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESRT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositionig office and retail properties in Manhattan and the greater New York metropolitan area. It operates through the Real Estate and Observatory segments.
