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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: NEUTRAL    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)


AMZN Forecast + Options Trading Strategies   [AMZN]  Amazon (0.93)


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


ARCC Forecast + Options Trading Strategies   [ARCC]  Ares (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to ESRT



CPG Forecast + Options Trading Strategies   [CPG]  Crescent Point Energy (0.0)


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


PAX Forecast + Options Trading Strategies   [PAX]  Patria Investments Ltd (0.0)


ATAI Forecast + Options Trading Strategies   [ATAI]  ATAI Life Sciences (0.01)


OXY Forecast + Options Trading Strategies   [OXY]  Occidental Petroleum (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESRT



DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.88)


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 (-0.9)


UVXY Forecast + Options Trading Strategies   [UVXY]  ProShares Ultra VIX Short-Term Futures (-0.91)


VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.93)





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