Positive News SentimentPositive NewsNYSE:ESRT Empire State Realty Trust (ESRT) Stock Price, News & Analysis → Don’t Miss Out on the AI Gold Rush That’s Just Getting Started (From Banyan Hill Publishing) (Ad) Free ESRT Stock Alerts $9.32 +0.17 (+1.86%) (As of 04/22/2024 ET) Add Compare Share Share Today's Range$9.12▼$9.3650-Day Range$8.92▼$10.1552-Week Range$5.43▼$10.32Volume1.49 million shsAverage Volume1.11 million shsMarket Capitalization$1.53 billionP/E Ratio30.07Dividend Yield1.50%Price Target$8.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Empire State Realty Trust alerts: Email Address Empire State Realty Trust MarketRank™ Stock AnalysisAnalyst RatingReduce1.67 Rating ScoreUpside/Downside10.6% Downside$8.33 Price TargetShort InterestBearish5.89% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.36Upright™ Environmental ScoreNews Sentiment1.54Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.04 out of 5 starsFinance Sector485th out of 843 stocksReal Estate Investment Trusts Industry101st out of 176 stocks 0.8 Analyst's Opinion Consensus RatingEmpire State Realty Trust has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.Amount of Analyst CoverageEmpire State Realty Trust has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.89% of the float of Empire State Realty Trust has been sold short.Short Interest Ratio / Days to CoverEmpire State Realty Trust has a short interest ratio ("days to cover") of 7.Change versus previous monthShort interest in Empire State Realty Trust has recently increased by 8.76%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldEmpire State Realty Trust pays a meaningful dividend of 1.53%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEmpire State Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Empire State Realty Trust is 45.16%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Empire State Realty Trust will have a dividend payout ratio of 14.89% next year. This indicates that Empire State Realty Trust will be able to sustain or increase its dividend. Previous Next 2.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEmpire State Realty Trust has received a 8.97% net impact score from Upright. Empire State Realty seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Renovation of offices", "Renovation of market places and retail buildings", and "Real estate development services of offices" products. See details.Environmental SustainabilityThe Environmental Impact score for Empire State Realty Trust is -2.36. Previous Next 3.6 News and Social Media Coverage News SentimentEmpire State Realty Trust has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Empire State Realty Trust this week, compared to 2 articles on an average week.MarketBeat Follows5 people have added Empire State Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Empire State Realty Trust insiders have not sold or bought any company stock.Percentage Held by Insiders14.01% of the stock of Empire State Realty Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions67.10% of the stock of Empire State Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Empire State Realty Trust are expected to remain at $0.94 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Empire State Realty Trust is 30.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 30.07, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.56.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 3.32. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEmpire State Realty Trust has a P/B Ratio of 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingDon’t Miss Out on the AI Gold Rush That’s Just Getting Started“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.See how you can invest alongside him About Empire State Realty Trust Stock (NYSE:ESRT)Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years. As of September 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units across three multifamily properties.Read More ESRT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ESRT Stock News HeadlinesApril 19, 2024 | americanbankingnews.comEmpire State Realty Trust (NYSE:ESRT) Rating Increased to Hold at StockNews.comApril 17, 2024 | americanbankingnews.comEmpire State Realty Trust (ESRT) Set to Announce Earnings on WednesdayApril 23, 2024 | Crypto 101 Media (Ad)SHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. April 14, 2024 | finance.yahoo.comEmpire State Realty Trust's (NYSE:ESRT) earnings growth rate lags the 55% return delivered to shareholdersApril 10, 2024 | businesswire.comEmpire State Realty Trust Announces Private Placement of $225 Million of Green Senior Unsecured NotesApril 8, 2024 | finance.yahoo.comEmpire State Realty Trust Announces Date of 2024 Annual Meeting of ShareholdersApril 6, 2024 | markets.businessinsider.comStrategic Asset Relinquishment Strengthens Empire State Realty’s Market Position and Financial HealthApril 1, 2024 | finance.yahoo.comFETNER PROPERTIES CONCLUDES SALE OF REMAINING INTEREST IN TWO PROPERTIES TO EMPIRE STATE REALTY TRUSTApril 23, 2024 | Crypto 101 Media (Ad)SHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. March 28, 2024 | businesswire.comEmpire State Realty Trust Receives WELL Health-Safety Leadership Award; Becomes Among the First Commercial Office and Multifamily Portfolios in the U.S. to Achieve the WELL Equity Rating Through WELL at ScaleMarch 26, 2024 | businesswire.comEmpire State Realty Trust Achieves 2024 ENERGY STAR Sustained Excellence AwardMarch 21, 2024 | finance.yahoo.comEmpire State Realty Trust Announces Dates for First Quarter 2024 Earnings Release and Conference CallMarch 12, 2024 | msn.comEssential Properties Realty Trust prices upsized secondary stock offering at $24.75 a shareMarch 11, 2024 | finance.yahoo.comEmpire State Realty Trust Announces New $715 Million Credit FacilityMarch 11, 2024 | fool.com2 Excellent Stocks Flying Under the Radar That Could Be Massive Long-Term Wealth BuildersMarch 11, 2024 | fool.com2 Excellent Stocks Flying Under the Radar That Could Be Massive Long-Term Wealth BuildersMarch 4, 2024 | seekingalpha.comEmpire State Realty Trust: A Bet On The Mean ReversionMarch 1, 2024 | businesswire.comEmpire State Realty Trust Announces Dividend for First Quarter 2024February 26, 2024 | finance.yahoo.comEmpire State Realty Trust, Inc.: Difficult Manhattan Office Market Will Continue to Weigh on Empire State Realty in 2024February 26, 2024 | businesswire.comEmpire State Realty Trust to Present at the Citi 2024 Global Property CEO ConferenceFebruary 25, 2024 | msn.comLuxury skincare brand owned by L’Occitane signs lease at One Grand Central PlaceFebruary 22, 2024 | msn.comAmericold Realty Trust FFO of $0.38 beats by $0.08, revenue of $679.3M misses by $3.83MFebruary 22, 2024 | finance.yahoo.comEmpire State Realty Trust, Inc. (NYSE:ESRT) Q4 2023 Earnings Call TranscriptFebruary 21, 2024 | finance.yahoo.comEmpire State Realty Trust, Inc.: Empire State Earnings: Manhattan Office Fundamentals Hold Up Reasonably Well; Decent 2024 GuidanceFebruary 21, 2024 | finance.yahoo.comSol de Janeiro USA Signs 57,203 Square Foot Lease at One Grand Central PlaceFebruary 21, 2024 | businesswire.comSol de Janeiro USA Signs 57,203 Square Foot Lease at One Grand Central PlaceFebruary 20, 2024 | finance.yahoo.comEmpire State Realty Trust Inc Reports Mixed Results for Q4 and Full Year 2023See More Headlines Receive ESRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Empire State Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/27/2021Ex-Dividend for 3/28 Dividend3/14/2024Dividend Payable3/28/2024Today4/22/2024Next Earnings (Confirmed)4/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:ESRT CUSIPN/A CIK1541401 Webwww.empirestaterealtytrust.com Phone(212) 850-2600Fax212-850-2751Employees666Year FoundedN/APrice Target and Rating Average Stock Price Target$8.33 High Stock Price Target$9.00 Low Stock Price Target$7.00 Potential Upside/Downside-10.6%Consensus RatingReduce Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.31 Trailing P/E Ratio30.07 Forward P/E Ratio9.91 P/E Growth3.32Net Income$53.24 million Net Margins6.92% Pretax Margin11.78% Return on Equity2.99% Return on Assets1.22% Debt Debt-to-Equity Ratio1.29 Current Ratio7.04 Quick Ratio7.04 Sales & Book Value Annual Sales$739.57 million Price / Sales2.07 Cash Flow$1.61 per share Price / Cash Flow5.79 Book Value$10.62 per share Price / Book0.88Miscellaneous Outstanding Shares164,070,000Free Float141,088,000Market Cap$1.53 billion OptionableOptionable Beta1.30 A Guide To High-Short-Interest StocksMarketBeat's analysts have just released their top five short plays for May 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Anthony E. Malkin (Age 62)Chairman & CEO Comp: $2.45MMs. Christina Chiu (Age 42)President Comp: $1.32MMr. Thomas P. Durels (Age 62)Executive Vice President of Real Estate Comp: $1.36MMr. Stephen V. Horn (Age 37)Executive VP, Chief Financial & Accounting Officer Mr. Aaron D. Ratner (Age 36)Senior VP & Chief Investment Officer Mr. Sandy JacolowSenior VP & CTOMs. Katy MalonoskiVP & Head of Investor RelationsMs. Heather M. Lawson HoustonSenior VP, Chief Counsel, Corporate & SecretaryMs. Abigail RickardsSenior Vice President of Marketing, Public Relations & DigitalMr. Kevin VilkeSenior VP & Chief People OfficerMore ExecutivesKey CompetitorsApollo Commercial Real Estate FinanceNYSE:ARIReady CapitalNYSE:RCGlobal Net LeaseNYSE:GNLRetail Opportunity InvestmentsNASDAQ:ROICLTC PropertiesNYSE:LTCView All CompetitorsInstitutional OwnershipSumitomo Mitsui Trust Holdings Inc.Sold 4,078 shares on 4/19/2024Ownership: 0.092%Monument Capital ManagementSold 2,014 shares on 4/19/2024Ownership: 0.028%Allspring Global Investments Holdings LLCBought 14,142 shares on 4/18/2024Ownership: 0.009%Vert Asset Management LLCBought 2,050 shares on 4/15/2024Ownership: 0.033%Benin Management CORPSold 5,000 shares on 4/15/2024Ownership: 0.020%View All Institutional Transactions ESRT Stock Analysis - Frequently Asked Questions Should I buy or sell Empire State Realty Trust stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. 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. What is Empire State Realty Trust's stock price target for 2024? 3 Wall Street research analysts have issued 1-year price targets 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 10.6%. View analysts price targets for ESRT or view top-rated stocks among Wall Street analysts. How have ESRT shares performed in 2024? Empire State Realty Trust's stock was trading at $9.69 at the start of the year. Since then, ESRT shares have decreased by 3.8% and is now trading at $9.32. View the best growth stocks for 2024 here. Are investors shorting Empire State Realty Trust? 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 trading volume of 1,120,000 shares, the short-interest ratio is currently 7.0 days. Currently, 5.9% of the company's stock are sold short. View Empire State Realty Trust's Short Interest. When is Empire State Realty Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our ESRT earnings forecast. How can I listen to Empire State Realty Trust's earnings call? 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". How were Empire State Realty Trust's earnings last quarter? Empire State Realty Trust, Inc. (NYSE:ESRT) posted its earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by $0.20. Empire State Realty Trust had a trailing twelve-month return on equity of 2.99% and a net margin of 6.92%. During the same quarter in the previous year, the business posted $0.12 earnings per share. How often does Empire State Realty Trust pay dividends? What is the dividend yield for Empire State Realty Trust? Empire State Realty Trust announced a quarterly dividend on Friday, March 1st. Investors of record on Friday, March 15th will be given a dividend of $0.035 per share on Thursday, March 28th. This represents a $0.14 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 14th. Read our dividend analysis for ESRT. Is Empire State Realty Trust a good dividend stock? 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. What ETFs hold Empire State Realty Trust's stock? ETFs with the largest weight of Empire State Realty Trust (NYSE:ESRT) stock in their portfolio include Vaneck Office And Commercial REIT ETF (DESK), ALPS Active REIT ETF (REIT) and U.S. Diversified Real Estate ETF (PPTY).Cambria Global Real Estate ETF (BLDG). What guidance has Empire State Realty Trust issued on next quarter's earnings? Empire State Realty Trust updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) 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 -. What is Anthony E. Malkin's approval rating as Empire State Realty Trust's CEO? 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. What other stocks do shareholders of Empire State Realty Trust own? 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). Who are Empire State Realty Trust's major shareholders? Empire State Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.09%), Vert Asset Management LLC (0.03%), Monument Capital Management (0.03%), Benin Management CORP (0.02%) and Allspring Global Investments Holdings LLC (0.01%). View institutional ownership trends. How do I buy shares of Empire State Realty Trust? 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. Compare Top Brokerages Here. This page (NYSE:ESRT) was last updated on 4/23/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingHealthcare Takes A Big Step Forward With The Help Of AIThe Bull Reporttop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyDid You Get Your Free Bitcoin Yet?Crypto Swap Profits[Shocking] Elon Musk’s Plan To End BanksCrypto 101 MediaForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressMan Who Predicted 2008: “This Will be Worse.”AltimetryThe #1 Crypto for 2024InvestorPlace Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Empire State Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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