Stock News Buzz: Empire State Realty Trust, Inc. (NYSE: ESRT)

Empire State Realty Trust, Inc. (NYSE: ESRT) stock recorded a change of -0.86% away from 50 day moving average and -8.52% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.62% off 20-day moving average. The stock recently spotted trading -23.53% off 52-week high price. On the other end, the stock has been noted 9.66% away from low price over the last 52-weeks. It has market cap of $2558.28M and dividend yield of 2.80%.

Empire State Realty Trust, Inc. (NYSE: ESRT) publicized that Sundance Holdings Group, LLC, Robert Redford’s retail brand, will open at 69-97 Main Street in Westport, CT. Sundance has signed a 3,920 sq. ft. long-term lease. Sundance’s adjacent tenant lululemon also recently expanded its Main Street location to 5,645 sq. ft.

“Sundance selected the best retail location on Westport’s Main Street,” said Thomas P. Durels, Executive Vice President, Real Estate, for ESRT.  “They will have great visibility, the best central location and easy access to public parking for their customers. Sundance joins our other popular retail tenants lululemon, Theory, and Athleta. There are only two remaining retail spaces adjacent to these popular brands in this great location; one is 2,005 sq. ft., and the other 2,963 sq. ft. Both stores shall contain frontage on both Main Street and Parker Harding Plaza with 277 parking spaces.

Sundance was founded by Robert Redford as a General Store in Utah’s Sundance Village in 1969 and published its first catalog twenty years later. Today, Sundance continues to embrace Redford’s commitment to the artist community throughout its website, catalog and retail channels.

Brenda Wurtz of Dallimore & Co. represented Sundance and Jeremy Ezra of RKF represented lululemon in the lease negotiations. Landlord representation was provided by Fred C. Posniak, Senior Vice President of ESRT.

 The USA based company Empire State Realty Trust moved with change of 0.40% to $14.98 with the total traded volume of 2311519 shares in recent session versus to an average volume of 1295.48K. The stock was observed in the 5 days activity at 0.74%. The one month performance of stock was 4.24%. ESRT’s shares are at -4.28% for the quarter and driving a -22.86% return over the course of the past year and is now at 5.27% since this point in 2018. 

 Right now the stock beta is 0.93. The average volatility for the week and month was at 1.80% and 1.93% respectively. There are 170.78M shares outstanding and 170.78M shares are floated in market.

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