Media headlines about Empire State Realty Trust (NYSE:ESRT) have trended somewhat positive on Thursday, according to Accern. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Empire State Realty Trust earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.4327531494131 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- OdysseyRe extends lease of Stamford headquarters – The Advocate (stamfordadvocate.com)
- Empire State Realty Trust Renews Lease with World-Leading Reinsurer – PR Newswire (press release) (prnewswire.com)
- 2018 Empire State Building Run-Up Lottery Registration Opens on November 14, 2017 (finance.yahoo.com)
- Empire State Realty Trust Renews Lease with World-Leading Reinsurer – Markets Insider (markets.businessinsider.com)
Several research firms have recently weighed in on ESRT. TheStreet raised Empire State Realty Trust from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. BidaskClub raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 price target on shares of Empire State Realty Trust in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $22.00.
Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The company had revenue of $122.39 million for the quarter, compared to analyst estimates of $122.22 million. During the same period in the prior year, the business earned $0.26 earnings per share. Empire State Realty Trust’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts anticipate that Empire State Realty Trust will post 0.96 EPS for the current year.
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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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