Empire State Realty Trust Inc (NYSE:ESRT) gets downgraded to Hold by BTIG Research with a price target of $24.00

ME Staff
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Analyst Ratings For Empire State Realty Trust Inc (NYSE:ESRT)

Today, Empire State Realty Trust Inc (NYSE:ESRT) stock was downgraded by BTIG Research from Buy to Hold with a price target of $24.00.

There are 3 Hold Ratings, 1 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Empire State Realty Trust Inc (NYSE:ESRT) is Hold with a consensus target price of $20.80 per share, a potential 25.98% upside.

Some recent analyst ratings include

  • 7/31/2018-BTIG Research was Downgraded by analysts at BTIG Research from a “Buy ” rating to a ” Hold” rating. They now have a $24.00 price target on the stock.
  • 6/11/2018-Evercore ISI was Downgraded by analysts at Evercore ISI from a “Outperform ” rating to a ” Inline” rating. They now have a N/A price target on the stock.
  • 2/26/2018-Stifel Nicolaus was Downgraded by analysts at Stifel Nicolaus from a “Buy ” rating to a ” Hold” rating. They now have a $18.00 price target on the stock, up previously from $20.00 .
  • 6/22/2017-Goldman Sachs Group Reiterated Rating of Neutral .

Recent Insider Trading Activity For Empire State Realty Trust Inc (NYSE:ESRT)
Empire State Realty Trust Inc (NYSE:ESRT) has insider ownership of 11.50% and institutional ownership of 77.04%.

  • On 5/31/2018 Quark Holding Llc, Major Shareholder, bought 284,015 with an average share price of $16.72 per share and the total transaction amounting to $4,748,730.80.
  • On 3/9/2018 David A Karp, CFO, bought 1,000 with an average share price of $16.65 per share and the total transaction amounting to $16,650.00.
  • On 3/5/2018 Salvatore Michael Giliberto, Director, bought 1,000 with an average share price of $16.83 per share and the total transaction amounting to $16,830.00.
  • On 12/4/2017 Anthony E Malkin, Chairman, sold 1,243,163 with an average share price of $20.45 per share and the total transaction amounting to $25,422,683.35.
  • On 2/26/2016 Salvatore Michael Giliberto, Director, bought 1,000 with an average share price of $15.94 per share and the total transaction amounting to $15,940.00.
  • On 8/25/2014 Alice Connell, Director, bought 1,205 with an average share price of $16.61 per share and the total transaction amounting to $20,015.05.

About Empire State Realty Trust Inc (NYSE:ESRT)
Empire State Realty Trust, Inc. (NYSE:ESRT), a leading real estate investment trust (REIT), 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 world's most famous building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of March 31, 2018, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.

Recent Trading Activity for Empire State Realty Trust Inc (NYSE:ESRT)
Shares of Empire State Realty Trust Inc closed the previous trading session at 16.51 up +0.12 0.73% with 16.01 shares trading hands.