Empire State Realty Trust Inc Class A
ESRT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$6.10 | Gwfq | Hddyvjnv |
Remote Work Dynamic a Structural Headwind; Relaunching Empire State Realty Trust With a $10.50 FVE
We are relaunching the coverage of Empire State Realty after taking a fresh look at it. We assign a no-moat rating, a negative moat trend, and a standard capital allocation rating to the company. We are decreasing the fair value estimate for Empire State Realty to $10.50 per share from $11.30 per share.