Stifel gives Empire State Realty Trust a “BUY” Rating

Empire State Realty Trust (ESRT) was upgraded to “Buy” from “Hold” by Stifel on November 14, 2014.  The firm has set a $18 price target on the stock which represents a potential upside of 12.5%.  The analysts at Stifel based their upgrade purely on valuation.

Other Firms Covering Empire State Realty Trust Are As Follows:

  • Capital One Financial Corp – overweight – $17.00

The average price target set for ESRT is $17.35 and a “HOLD” rating.

Empire State Realty Trust, Inc., a real estate investment trust (REIT), focuses on owning, managing, operating, and acquiring office and retail properties in Manhattan and the greater New York metropolitan area. It also intends to provide construction services to tenants and other entities.