GET DAILY SIGNALSEmpire State Realty OP (FISK) Units Climb +26% Over 30 Days as Office Market Stabilizes
Key Takeaways
- Empire State Realty OP (FISK) units have rebounded roughly +26% over the past 30 days, recovering from early-October levels near $3.84 per unit.
- The advance closely tracks a sharp recovery in parent company Empire State Realty Trust (ESRT), whose shares rallied after third-quarter results reported in early November.
- Despite the rebound, FISK remains below its levels of three months ago, reflecting a longer downtrend that marked 52-week lows in September.
- FISK is a thinly traded security, with average daily volume of only a few hundred to roughly a thousand units, so price moves tend to be amplified.
- Improving New York City office fundamentals, steady observatory demand, and a more constructive interest-rate backdrop have supported the recovery.
- For more detail on valuation and expectations, readers can review FISK's Price Targets, Earnings, and Forecast.
- Investors interested in automated trading signals can also explore Tickeron's Trending AI Robots.
Empire State Realty OP (FISK) Company Overview and Market Position
Empire State Realty OP, L.P. is the operating partnership of Empire State Realty Trust, Inc., a New York City-focused real estate investment trust (REIT). The FISK ticker represents Series 250 operating partnership units, which are exchangeable into shares of the parent REIT. The company owns and operates a portfolio of office, retail, and multifamily assets concentrated in Manhattan, anchored by its landmark Empire State Building.
The business is organized into two segments: Real Estate, which covers the ownership, management, operation, and repositioning of its properties, and Observatory, which operates the 86th and 102nd floor observatories at the Empire State Building. Investors follow the stock for its exposure to the recovering New York office market, its diversified tourism-driven observatory revenue, and its quarterly distribution. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Empire State Realty OP (FISK) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, FISK units have climbed roughly +26%, recovering from early-October closes near $3.84 to the roughly $4.83 level by late October. Because the units are exchangeable into shares of ESRT, they have continued to track the parent REIT's post-earnings advance toward the $5 range.
The quarterly picture tells a different story. Over the trailing three months, FISK remains down roughly 15% to 16%, even after the recent rebound. The units and the parent company slid through the summer and into September, when the broader sell-off in office REITs pushed shares to a 52-week low before sentiment began to stabilize.
What Drove FISK Stock Price in the Last 30 Days
The sharp rebound was driven primarily by a shift in sentiment around New York City office real estate and a strong reaction to the parent REIT's third-quarter results. Empire State Realty Trust reported its quarterly earnings in early November, and its shares advanced in the following sessions, lifting FISK units in tandem.
Beyond earnings, the recovery reflects several reinforcing factors. Manhattan office leasing and occupancy trends have shown incremental improvement, while the Empire State Building observatory continues to generate steady, diversified tourism-related revenue. A more stable interest-rate environment has also eased pressure on REIT valuations, which are sensitive to borrowing costs and capitalization rates. Finally, because FISK trades on very low volume, even modest shifts in demand can produce outsized percentage moves. From what I see, this low-volume dynamic makes the moves worth monitoring closely.
What Drove FISK Stock Performance Over the Last Quarter
The longer three-month trend was dominated by a broad de-rating of office REITs amid concerns about remote work, higher financing costs, and slowing property fundamentals. FISK units declined sharply through the summer, mirroring weakness in the parent company and the sector at large, before stabilizing in September near 52-week lows.
The subsequent rebound reflects a partial unwinding of that pessimism. As investors reassessed the durability of New York City office demand and the company's diversified revenue base, value-oriented and income-seeking buyers began returning to the name. Still, the units have yet to fully recover the ground lost earlier in the period.
FISK Stock Forecast Drivers: What Investors Should Watch Next
Looking ahead, investors should monitor the parent REIT's upcoming quarterly results and any updates on Manhattan office leasing, occupancy, and rental rates. Observatory visitation trends and tourism demand will remain important revenue indicators, while changes in interest rates and capitalization rates will continue to influence the company's valuation and refinancing costs. Distribution policy and the ongoing exchangeability of FISK units into ESRT shares are also worth watching. Given the security's thin trading volume, investors should remain aware that price movements can be amplified relative to the underlying fundamentals. I'm watching this closely as the next earnings cycle approaches.
Exploring Automated Trading Strategies
In my analysis of thinly traded names like this, I often review Tickeron’s Trending AI Robots to see how automated strategies are positioned across the market. The section highlights top-performing bots with varying timeframes and approaches, which can offer useful context when evaluating low-volume securities alongside traditional research.
Disclaimer
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FISK's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for FISK turned positive on October 06, 2026. Looking at past instances where FISK's MACD turned positive, the stock continued to rise in 32 of 49 cases over the following month. The odds of a continued upward trend are 65%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 07, 2026. You may want to consider a long position or call options on FISK as a result. In 61 of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 62%.
FISK moved above its 50-day moving average on October 13, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FISK crossed bullishly above the 50-day moving average on October 19, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 21 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 48%.
Following a +6.38% 3-day Advance, the price is estimated to grow further. Considering data from situations where FISK advanced for three days, in 22 of 45 cases, the price rose further within the following month. The odds of a continued upward trend are 49%.
The Aroon Indicator entered an Uptrend today. In 85 of 155 cases where FISK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 55%.
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FISK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 69%.
FISK broke above its upper Bollinger Band on October 13, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 32 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.601) is normal, around the industry mean (0.873). P/E Ratio (192.000) is within average values for comparable stocks, (201.021). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.666). Dividend Yield (0.036) settles around the average of (0.163) among similar stocks. P/S Ratio (3.501) is also within normal values, averaging (2.856).
The Tickeron Price Growth Rating for this company is 44 (best 1 - 100 worst), indicating steady price growth. FISK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 72 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 90 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FISK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
a real estate investment trust
Industry REITOffice
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