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Empire State Realty Trust (NYSE:ESRT) Stock, Analyst Ratings, Price Targets, Forecasts
Empire State Realty Trust Inc has a consensus price target of $9.67 based on the ratings of 7 analysts. The high is $13 issued by Keybanc on October 14, 2021. The low is $7 issued by Wells Fargo on August 30, 2023. The 3 most-recent analyst ratings were released by BMO Capital, Evercore ISI Group, and Wells Fargo on July 19, 2024, November 27, 2023, and August 30, 2023, respectively. With an average price target of $9.33 between BMO Capital, Evercore ISI Group, and Wells Fargo, there's an implied -11.11% downside for Empire State Realty Trust Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
BMO Capital
Evercore ISI Group
Wells Fargo
Citigroup
Keybanc
1calculated from analyst ratings
Analyst Ratings for Empire State Realty Trust
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/19/2024 | Buy Now | 14.29% | BMO Capital | John Kim | $11 → $12 | Maintains | Outperform | Get Alert |
| 11/27/2023 | Buy Now | -14.29% | Evercore ISI Group | Steve Sakwa | → $9 | Downgrade | Outperform → In-Line | Get Alert |
| 08/30/2023 | Buy Now | -33.33% | Wells Fargo | Blaine Heck | $6 → $7 | Maintains | Underweight | Get Alert |
| 08/17/2023 | Buy Now | -4.76% | Evercore ISI Group | Steve Sakwa | $8 → $10 | Maintains | Outperform | Get Alert |
| 08/08/2023 | Buy Now | -14.29% | Citigroup | Michael Bilerman | $7.25 → $9 | Maintains | Neutral | Get Alert |
| 06/15/2023 | Buy Now | -30.95% | Citigroup | Michael Bilerman | $6.25 → $7.25 | Maintains | Neutral | Get Alert |
| 05/23/2023 | Buy Now | -23.81% | Evercore ISI Group | Steve Sakwa | $7 → $8 | Upgrade | In-Line → Outperform | Get Alert |
| 04/12/2023 | Buy Now | -33.33% | Evercore ISI Group | Steve Sakwa | $8 → $7 | Downgrade | Outperform → In-Line | Get Alert |
| 03/27/2023 | Buy Now | -23.81% | Evercore ISI Group | Steve Sakwa | $9 → $8 | Maintains | Outperform | Get Alert |
| 03/16/2023 | Buy Now | -42.86% | Wells Fargo | Blaine Heck | $5 → $6 | Maintains | Underweight | Get Alert |
| 03/03/2023 | Buy Now | -14.29% | BMO Capital | John Kim | → $9 | Upgrade | Market Perform → Outperform | Get Alert |
| 03/01/2023 | Buy Now | -28.57% | Citigroup | Michael Bilerman | $7.25 → $7.5 | Maintains | Neutral | Get Alert |
| 10/18/2022 | Buy Now | -52.38% | Wells Fargo | Blaine Heck | $5.5 → $5 | Maintains | Underweight | Get Alert |
| 08/01/2022 | Buy Now | — | Wolfe Research | Andrew Rosivach | — | Downgrade | Outperform → Peer Perform | Get Alert |
| 07/14/2022 | Buy Now | -23.81% | BMO Capital | John Kim | $7.5 → $8 | Upgrade | Underperform → Market Perform | Get Alert |
| 07/01/2022 | Buy Now | -47.62% | Wells Fargo | Blaine Heck | $8 → $5.5 | Maintains | Underweight | Get Alert |
| 05/02/2022 | Buy Now | 4.76% | Evercore ISI Group | Steve Sakwa | → $11 | Upgrade | In-Line → Outperform | Get Alert |
| 03/07/2022 | Buy Now | -23.81% | BMO Capital | John Kim | → $8 | Downgrade | Market Perform → Underperform | Get Alert |
| 01/13/2022 | Buy Now | -23.81% | Keybanc | Craig Mailman | $13 → $8 | Downgrade | Overweight → Underweight | Get Alert |
| 12/06/2021 | Buy Now | — | Evercore ISI Group | Steve Sakwa | — | Downgrade | Outperform → In-Line | Get Alert |
| 10/14/2021 | Buy Now | 23.81% | Keybanc | — | — | Maintains | Overweight | Get Alert |
FAQ
What is the target price for Empire State Realty Trust (ESRT) stock?
The latest price target for Empire State Realty Trust (NYSE:ESRT) was reported by BMO Capital on July 19, 2024. The analyst firm set a price target for $12.00 expecting ESRT to rise to within 12 months (a possible 14.29% upside). 5 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Empire State Realty Trust (ESRT)?
The latest analyst rating for Empire State Realty Trust (NYSE:ESRT) was provided by BMO Capital, and Empire State Realty Trust maintained their outperform rating.
When was the last upgrade for Empire State Realty Trust (ESRT)?
The last upgrade for Empire State Realty Trust Inc happened on May 23, 2023 when Evercore ISI Group raised their price target to $8. Evercore ISI Group previously had an in-line for Empire State Realty Trust Inc.
When was the last downgrade for Empire State Realty Trust (ESRT)?
The last downgrade for Empire State Realty Trust Inc happened on November 27, 2023 when Evercore ISI Group changed their price target from N/A to $9 for Empire State Realty Trust Inc.
When is the next analyst rating going to be posted or updated for Empire State Realty Trust (ESRT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Empire State Realty Trust, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Empire State Realty Trust was filed on July 19, 2024 so you should expect the next rating to be made available sometime around July 19, 2025.
Is the Analyst Rating Empire State Realty Trust (ESRT) correct?
While ratings are subjective and will change, the latest Empire State Realty Trust (ESRT) rating was a maintained with a price target of $11.00 to $12.00. The current price Empire State Realty Trust (ESRT) is trading at is $10.50, which is out of the analyst’s predicted range.
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