Empire State Building Unveils Valentine's Day Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Valentine's Day Activities: The Empire State Building announces special Valentine's Day events, including an extravagant date night, Paint 'n Pour classes, and movie screenings, aimed at attracting couples to create unforgettable memories on this special day.
- Observation Deck Revamp: The Empire State Building's Observatory underwent a $165 million reimagination, adding an interactive museum with nine galleries, enhancing visitor experience and solidifying its status as NYC's top attraction.
- Visitor Appeal: The Observatory has been voted the #1 top attraction in NYC for four consecutive years in the Tripadvisor 2025 Travelers' Choice Awards, highlighting its significance and allure among tourists.
- Sustainability Commitment: Since 2011, the Empire State Building has been fully powered by renewable wind electricity, showcasing its efforts in environmental sustainability while attracting notable tenants like LinkedIn and Shutterstock.
Analyst Views on ESRT
Wall Street analysts forecast ESRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESRT is 9.46 USD with a low forecast of 8.30 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
2 Hold
1 Sell
Hold
Current: 6.700
Low
8.30
Averages
9.46
High
11.00
Current: 6.700
Low
8.30
Averages
9.46
High
11.00
About ESRT
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
