Empire State Realty Trust - Chart Of The Day

The Chart of the Day belongs to Empire State Realty Trust (NYSE:ESRT). I found the stock by sorting the All Time High list for the stocks having the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/21 the stock gained 11.08%.

Empire State Realty Trust, Inc. is a real estate investment trust which owns, manages, operates, acquires and repositions office and retail properties primarily in Manhattan and New York metropolitan area.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 96% Barchart technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 7.26% in the last month
  • Relative Strength Index 66.91%
  • Barchart computes a technical support level at 17.12
  • Recently traded at 17.46 with a 50 day moving average of 16.21

Fundamental factors:

  • Market Cap $1.39 billion
  • Dividend yield 1.98%
  • Revenue expected to grow 112.20% this year and another 11.00% next year
  • Earnings estimated to increase 97.60% this year, an additional 4.80% next year and continue to increase an an annual rate of 4.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 2 buys and 2 hold recommendations on the stock

Please use a moving stop loss 10 % off its recent high to gauge an exit point.

Disclosure: None

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