ESBA's current price/earnings ratio is 4.83, which is higher than merely 5.52% of US stocks with positive earnings.
Price to trailing twelve month operating cash flow for ESBA is currently 0.91, higher than just 6.57% of US stocks with positive operating cash flow.
Empire State Realty OP LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -244.22%, greater than the shareholder yield of just 1.73% of stocks in our set.
Stocks that are quantitatively similar to ESBA, based on their financial statements, market capitalization, and price volatility, are PEB, EPRT, CDR, HT, and DSX.
We started the process of determining a valid price forecast for Empire State Realty OP LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Empire State Realty OP LP ranked in the 10th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Empire State Realty OP LP, consider:
The company has produced more trailing twelve month cash flow than merely 12.95% of its sector Real Estate.
39% of the company's capital comes from equity, which is greater than only 20.49% of stocks in our cash flow based forecasting set.
Empire State Realty OP LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ESBA, try MLP, RYN, DUO, GRIF, and VTR.
Here's why Ryman Hospitality Properties (NYSE: RHP) and Empire State Realty Trust (NYSE: ESRT) are two of the more beaten-down reopening stocks that could rebound sharply once a vaccine is available, and why patient investors with a relatively high risk tolerance might want to put them on their radar. The hotel industry was obviously hit hard by the pandemic, but hotel real estate investment trust Ryman Hospitality Properties was impacted at a whole different level. Unlike most hotel operators, Ryman focuses most of its efforts on group business -- think conferences, conventions, holiday events, etc. Those types of gatherings simply aren't happening right now, and realistically won't come back until well into 2021.
While large mega-cap stocks tend to get the most news coverage, smaller companies can be some of the best long-term investment opportunities. Small cap stocks tend to have higher volatility than their larger counterparts, but also can have the most compelling growth potential. With that in mind, here's why Empire State Realty Trust (NYSE: ESRT), Green Dot (NYSE: GDOT), and EPR Properties (NYSE: EPR) could be smart additions to your portfolio during Summer 2020.
The Empire State Building has been a symbol of America's economic might for almost 90 years. A week into New York's second phase of post-lockdown re-opening, dozens of the companies with office space in one of the world's most famous buildings are trying to figure out when, how - even whether - to come back. The June 22 reopening allowed office buildings to invite tenants back, as long as maximum occupancy stayed below 50%.
It's been a roller coaster ride in the stock markets in 2020. After reaching new all-time highs in February, the market rapidly plunged by nearly 40% by late March as the COVID-19 pandemic brought the world economy to a near-standstill, and has since rebounded to where the S&P 500 is now back to within 15% of the highs. Three in particular that I own in my personal stock portfolio are Ryman Hospitality Properties (NYSE: RHP), Bank of America (NYSE: BAC), and Empire State Realty Trust (NYSE: ESRT), which are down by 60%, 31%, and 51% so far in 2020, respectively.