Alert: Rating Upgrade (11/17/23)-Empire State Realty OP LP (NYSEARCA: ESBA).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Empire State Realty OP LP (NYSEARCA: ESBA) improved of late. ESBA’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.


Recent Price Action

Empire State Realty OP LP (NYSEARCA: ESBA) stock increased 1.9% on 11/17/23. The shares closed at $8.37. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.2% during the last week.

Current PriceTarget Research Rating

ESBA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Empire State Realty OP has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Empire State Realty OP has a slightly negative Appreciation Score of 36 but a very high Power Rating of 89, with the Positive Value Trend Rating the result.

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