Empire State Realty Trust, Inc. (NYSE:ESRT – Get Rating) announced a quarterly dividend on Monday, May 16th, Wall Street Journal reports. Stockholders of record on Wednesday, June 15th will be given a dividend of 0.035 per share by the real estate investment trust on Thursday, June 30th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, June 14th.
Empire State Realty Trust has decreased its dividend by an average of 37.0% per year over the last three years.
Shares of ESRT traded up $0.07 during midday trading on Monday, reaching $8.09. The stock had a trading volume of 122,503 shares, compared to its average volume of 1,781,322. Empire State Realty Trust has a 52 week low of $7.66 and a 52 week high of $13.11. The company has a debt-to-equity ratio of 1.39, a current ratio of 6.73 and a quick ratio of 5.94. The firm’s 50 day moving average price is $9.10 and its 200-day moving average price is $9.32. The company has a market capitalization of $1.38 billion, a P/E ratio of -66.75, a P/E/G ratio of 1.30 and a beta of 0.99.
A number of equities research analysts have recently issued reports on ESRT shares. Zacks Investment Research raised Empire State Realty Trust from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Monday, May 9th. Evercore ISI raised Empire State Realty Trust from an “in-line” rating to an “outperform” rating and set a $11.00 target price on the stock in a research report on Monday, May 2nd. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 7th. Finally, BMO Capital Markets lowered Empire State Realty Trust from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $11.00 to $8.00 in a research report on Monday, March 7th. Three analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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 World's Most Famous Building.
- Get a free copy of the StockNews.com research report on Empire State Realty Trust (ESRT)
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