Empire State Realty Trust (ESRT) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ESRT shares.
View ESRT analyst ratings or view top-rated stocks.

3 brokerages have issued twelve-month target prices for Empire State Realty Trust's stock. Their ESRT share price targets range from $7.00 to $9.00. On average, they anticipate the company's stock price to reach $8.33 in the next year. This suggests that the stock has a possible downside of 6.6%.
View analysts price targets for ESRT or view top-rated stocks among Wall Street analysts.

Empire State Realty Trust's stock was trading at $9.69 on January 1st, 2024. Since then, ESRT stock has decreased by 7.9% and is now trading at $8.92.
View the best growth stocks for 2024 here.

Empire State Realty Trust saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 7,820,000 shares, an increase of 8.8% from the March 15th total of 7,190,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is presently 7.0 days. Approximately 5.9% of the shares of the company are sold short.
View Empire State Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our ESRT earnings forecast.

Empire State Realty Trust will be holding an earnings conference call on Thursday, April 25th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13741461".

Empire State Realty Trust, Inc. (NYSE:ESRT) released its earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.20. Empire State Realty Trust had a net margin of 6.92% and a trailing twelve-month return on equity of 2.99%. During the same period in the prior year, the firm posted $0.12 earnings per share.

Empire State Realty Trust announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.035 per share on Thursday, March 28th. This represents a $0.14 annualized dividend and a yield of 1.57%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for ESRT.

Empire State Realty Trust (NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.53%. The dividend payout ratio is 45.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESRT will have a dividend payout ratio of 14.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

ETFs with the largest weight of Empire State Realty Trust (NYSE:ESRT) stock in their portfolio include ALPS Active REIT ETF (REIT) and U.S. Diversified Real Estate ETF (PPTY).Cambria Global Real Estate ETF (BLDG).

Empire State Realty Trust issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of 0.900-0.940 for the period, compared to the consensus earnings per share estimate of 0.890. The company issued revenue guidance of -.

32 employees have rated Empire State Realty Trust Chief Executive Officer Anthony E. Malkin on Glassdoor.com. Anthony E. Malkin has an approval rating of 63% among the company's employees. This puts Anthony E. Malkin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Empire State Realty Trust investors own include Exxon Mobil (XOM), QUALCOMM (QCOM), Intel (INTC), Cisco Systems (CSCO), RTX (RTX), Verizon Communications (VZ), Bank of America (BAC), CVS Health (CVS), General Electric (GE) and AT&T (T).

Empire State Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vert Asset Management LLC (0.03%) and Benin Management CORP (0.02%).
View institutional ownership trends.

Shares of ESRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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