Thursday, May 5, 2016

Empire State Realty Trust - Chart of the Day

Empire State Realty Trust (ESRT) is the Barchart Chart of the Day.  The equity REIT has a Trend potter buy signal, a Weighted Alpha of  11.10+ and gained 7.61 % in the last year.

The Chart of the Day belongs to Empire State Realty Trust (ESRT).  I found the equity REIT by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better.  Next I used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 3/11 the stock gained 14.16%.

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. Empire State Realty Trust, Inc. is based in New York, United States.

The status of 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 web site when you read this report.

Barchart technical indicators:
  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 14 new highs and up 8.20% in the last month
  • Relative Strength Index 71.13%
  • Technical support level at 18.54
  • Recently traded at 19.09 with a 50 day moving average of 17.48
Fundamental factors:
  • Market Cap $2.30 billion
  • P/E 19.11
  • Dividend yield 1.80%
  • Revenue expected to grow 6.50% this year and another 22.40% next year
  • Earnings estimated to increase 7.40% this year, an additional 7.90% next year and continue to compound at an annual rate of 4.00% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy and 1 hold recommendation on the stock

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