(ESRT) Empire State Realty Trust - Ratings and Ratios

Empire State Realty Trust, Inc. (NYSE: ESRT) is a leading New York City-focused real estate investment trust (REIT) specializing in the ownership and operation of modernized, amenitized, and strategically located office, retail, and multifamily properties. Renowned for its commitment to sustainability, ESRT excels in energy efficiency and indoor environmental quality, setting high standards in the real estate industry. The companys iconic Empire State Building, a global landmark and Tripadvisors top U.S. attraction for two consecutive years, exemplifies its dedication to excellence. As of September 30, 2023, ESRTs portfolio spans approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space, and 727 residential units across three multifamily properties.

Over the next three months, ESRT is expected to face a challenging environment. The stocks technical indicators, such as declining SMA levels (SMA 20: 7.16, SMA 50: 7.90, SMA 200: 9.78), suggest downward pressure. The high forward P/E ratio (79.37) indicates potential growth expectations but may signal elevated risks. The low ATR (0.28) points to reduced volatility, offering a period of price stability. However, the relatively low return on equity (RoE: 4.91%) may raise concerns about profitability. Investors should monitor these metrics closely as ESRT navigates the current market landscape.