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Bullish Case: Improved liquidity from $225M green notes, strong institutional interest, recent positive analyst outlook, and potential benefits from upcoming housing legislation could bolster ESRT's value.


Bearish Case: Persistent flat price action, negative AI forecast correlation, below-average 10-year returns, and recent analyst downgrades suggest continuing price depression.


Potential Outcomes: Short-term (60-day) bearish likelihood high, given recent -8.1% return and AI forecast; mid-term (1-2 years) bullish on strategic debt maneuvering and institutional support.


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April 13, 2024


Empire State Realty Forecast

ESRT        Empire State Realty
Price Forecast: BEARISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with ESRT



WAL Forecast + Options Trading Strategies   WAL  Western Alliance Bancorp (0.95)


SKT Forecast + Options Trading Strategies   SKT  Tanger Factory Outlet Centers (0.94)


IBM Forecast + Options Trading Strategies   IBM  International Business Machines (0.93)


BOH Forecast + Options Trading Strategies   BOH  Bank of Hawaii (0.93)


ROST Forecast + Options Trading Strategies   ROST  Ross Stores (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to ESRT



U Forecast + Options Trading Strategies   U  Unity Software (-0.0)


HGV Forecast + Options Trading Strategies   HGV  Hilton Grand Vacations (-0.0)


QS Forecast + Options Trading Strategies   QS  QuantumScape (0.0)


PCG Forecast + Options Trading Strategies   PCG  PG&E (0.0)


ALHC Forecast + Options Trading Strategies   ALHC  Alignment Healthcare (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESRT



SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.89)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.89)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.89)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.9)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.92)





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