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Wells Fargo Sticks to Their Sell Rating for Empire State Realty (ESRT)

Tipranks - Tipranks - Tue Jan 27, 5:52AM CST

In a report released on January 23, James Feldman from Wells Fargo maintained a Sell rating on Empire State Realty, with a price target of $6.80. The company’s shares closed last Friday at $6.70.

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Feldman covers the Real Estate sector, focusing on stocks such as Diamondrock, Hudson Pacific Properties, and Terreno Realty. According to TipRanks, Feldman has an average return of -0.3% and a 47.42% success rate on recommended stocks.

Empire State Realty has an analyst consensus of Hold, with a price target consensus of $8.27.

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Based on Empire State Realty’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $190.79 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

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