Empire State Realty traded at $5.39 this Friday May 15th, decreasing $0.06 or 1.10 percent since the previous trading session. Looking back, over the last four weeks, Empire State Realty lost 1.28 percent. Over the last 12 months, its price fell by 30.99 percent. Looking ahead, we forecast Empire State Realty to be priced at 5.59 by the end of this quarter and at 5.25 in one year, according to Trading Economics global macro models projections and analysts expectations.
Empire State Realty Trust, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area. The Company operates through two segments: real estate and observatory. The real estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning, and disposition of its real estate assets. The observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. The Company's portfolio consists of 14 office properties, consisting of approximately 9.4 million rentable square feet of office space. The Company operates through, Empire State Realty OP, L.P. (the Operating Partnership), which holds its assets and conducts all its business.