Empire State Realty Trust (NYSE:ESRT – Get Rating) will announce its earnings results after the market closes on Wednesday, April 27th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Shares of ESRT opened at $8.96 on Wednesday. The company has a current ratio of 5.94, a quick ratio of 5.94 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $9.40. Empire State Realty Trust has a 12-month low of $8.36 and a 12-month high of $13.11. The company has a market cap of $1.52 billion, a PE ratio of -128.00, a P/E/G ratio of 1.39 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, March 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently -200.00%.
A number of brokerages have recently issued reports on ESRT. StockNews.com began coverage on Empire State Realty Trust in a research report on Thursday, March 31st. They set a “sell” rating for the company. KeyCorp cut shares of Empire State Realty Trust from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $13.00 to $8.00 in a research report on Thursday, January 13th. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, March 2nd. Finally, BMO Capital Markets downgraded shares of Empire State Realty Trust from a “market perform” rating to an “underperform” rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Monday, March 7th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $10.50.
About Empire State Realty Trust (Get Rating)
Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the ÂWorld's Most Famous Building.Â Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.
- Get a free copy of the StockNews.com research report on Empire State Realty Trust (ESRT)
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