The price of ESRT is predicted to go up -8.04%, based on the high correlation periods with OIS. The similarity of these two price pattern on the periods is 96.13%.
ESRT
OIS
The iconic Empire State Observation deck continues to be a must-see attraction for tourists visiting New York City.
Redevelopment of older office buildings should allow Empire State Realty to increase rents and attract higher-quality tenants.
An especially strong balance sheet should allow the company to weather near-term volatility associated with the coronavirus outbreak.