(ESBA) Empire State Realty OP ES - Ratings and Ratios

Empire State Realty OP, L.P., a subsidiary of Empire State Realty Trust, Inc. (ESRT), is a real estate investment trust (REIT) that owns and operates a diverse portfolio of office, retail, and entertainment properties, with a flagship asset being the iconic Empire State Building in New York City. The companys properties are strategically located in Manhattan and other prime areas, generating revenue through leasing and property management.

From a technical analysis perspective, ESBAs stock price has been trending above its 20-day and 50-day simple moving averages (SMA20: 7.79, SMA50: 7.37), indicating a short-term bullish sentiment. However, the stock is currently trading below its 200-day simple moving average (SMA200: 9.24), suggesting a longer-term bearish trend. The Average True Range (ATR: 0.34) indicates moderate volatility, with a 3.91% daily price movement. Considering the 52-week high and low (11.36, 6.46), the current price (8.58) is near the middle of the range, indicating a potential for growth or decline.

Fundamentally, Empire State Realty OP, L.P. has a market capitalization of $2.055 billion, with a price-to-earnings ratio (P/E) of 24.83, indicating a relatively high valuation compared to its earnings. The return on equity (RoE) is 3.88%, suggesting a modest return for shareholders. Given the lack of a forward P/E ratio, it is challenging to gauge the markets expectations for future earnings growth.

Forecasting ESBAs future performance, we can combine technical and fundamental insights. Based on the current technical trends and fundamental data, a potential price target for ESBA could be around $10.50, representing a 22% increase from the current price. This forecast is derived from the stocks historical price movements, its relative position within the 52-week range, and the companys fundamental valuation. However, this projection is contingent upon the companys ability to maintain or improve its occupancy rates, manage its debt, and navigate the competitive New York City real estate market.