Evercore ISI Remains a Hold on Empire State Realty (ESRT)

In a report released today, Steve Sakwa from Evercore ISI maintained a Hold rating on Empire State Realty, with a price target of $8.00. The company’s shares closed yesterday at $7.62.

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Sakwa covers the Real Estate sector, focusing on stocks such as Equity Residential, AvalonBay, and Extra Space Storage. According to TipRanks, Sakwa has an average return of 0.4% and a 49.89% success rate on recommended stocks.

Empire State Realty has an analyst consensus of Hold, with a price target consensus of $8.58, a 12.60% upside from current levels. In a report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $8.50 price target.

Based on Empire State Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $191.25 million and a net profit of $7.57 million. In comparison, last year the company earned a revenue of $189.54 million and had a net profit of $18.12 million