BMO Capital analyst John Kim maintained a Hold rating on Empire State Realty (NYSE:ESRT) on Friday, setting a price target of $8, which is approximately 24.22% above the present share price of $6.44.
Kim expects Empire State Realty to post earnings per share (EPS) of $0.02 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Empire State Realty, with an average price target of $8.
The analysts price targets range from a high of $8 to a low of $8.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $170.22 million and a net profit of $26.97 million. The company's market cap is $1.87 billion.
According to TipRanks.com, BMO Capital analyst John Kim is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.8% and a 50.93% success rate.
Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties in Manhattan and the greater New York metropolitan area. It operates through the Real Estate and Observatory segments. The real estate segment includes ownership, management, operation, acquisition, repositioning and disposition of real estate assets. The Observatory segment manages observatories at the empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.