NYSE:ESRT Empire State Realty Trust (ESRT) Stock Price, News & Analysis → A new way to collect income from stocks (From DTI) (Ad) Free ESRT Stock Alerts $9.11 -0.25 (-2.67%) (As of 04/25/2024 ET) Add Compare Share Share Today's Range$9.02▼$9.2650-Day Range$8.92▼$10.1552-Week Range$5.43▼$10.32Volume1.86 million shsAverage Volume1.12 million shsMarket Capitalization$1.49 billionP/E Ratio29.39Dividend Yield1.54%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/Downside8.5% Downside$8.33 Price TargetShort InterestBearish6.06% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.36Upright™ Environmental ScoreNews Sentiment0.48Based on 8 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.2.83 out of 5 starsFinance Sector504th out of 859 stocksReal Estate Investment Trusts Industry105th out of 181 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 Shorted6.06% 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 7.7.Change versus previous monthShort interest in Empire State Realty Trust has recently increased by 3.07%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldEmpire State Realty Trust pays a meaningful dividend of 1.48%, 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 2.5 News and Social Media Coverage News SentimentEmpire State Realty Trust has a news sentiment score of 0.48. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Empire State Realty Trust this week, compared to 2 articles on an average week.MarketBeat Follows6 people have added Empire State Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 Insiders13.95% 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 29.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 29.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.70.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 3.44. 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 0.86. 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 Colonial MetalsThe Gold Grab of the CenturyWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.That's why we have released our Free Precious Metals Investment Guide. 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 24, 2024 | finance.yahoo.comEmpire State Realty Trust Inc. (ESRT) Q1 2024 Earnings: Aligns with Analyst ProjectionsApril 24, 2024 | businesswire.comEmpire State Realty Trust Announces First Quarter 2024 ResultsApril 25, 2024 | DTI (Ad)A new way to collect income from stocksMost people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively… April 23, 2024 | businesswire.comEmpire State Realty Trust Publishes 2023 Sustainability Report with Major Achievements, Key Goals, and Transparent MetricsApril 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 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 25, 2024 | DTI (Ad)A new way to collect income from stocksMost people think of BUYING options when they talk about options. It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time. The problem is - they don’t always pay off when you buy them. In fact, a contributing writer at the Financial Post studied options extensively… April 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 TRUSTMarch 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 GuidanceSee 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 Payable3/28/2024Today4/25/2024Next Earnings (Estimated)7/24/2024Fiscal 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-7.9%Consensus RatingReduce Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.31 Trailing P/E Ratio29.19 Forward P/E Ratio9.63 P/E Growth3.44Net 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 / Sales2.01 Cash Flow$1.51 per share Price / Cash Flow6.00 Book Value$10.62 per share Price / Book0.85Miscellaneous Outstanding Shares164,070,000Free Float141,187,000Market Cap$1.48 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:ARIRetail Opportunity InvestmentsNASDAQ:ROICReady CapitalNYSE:RCGlobal Net LeaseNYSE:GNLCoreCivicNYSE:CXWView 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 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 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 brokers have issued 12 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 share price to reach $8.33 in the next twelve months. This suggests that the stock has a possible downside of 8.5%. 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 6.0% and is now trading at $9.11. 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 in 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 days-to-cover ratio is presently 7.0 days. Approximately 5.9% of the company's shares 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, July 24th 2024. View our ESRT earnings forecast. How were Empire State Realty Trust's earnings last quarter? Empire State Realty Trust, Inc. (NYSE:ESRT) released its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share (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 period last year, the firm 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 declared 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 dividend on an annualized basis and a dividend yield of 1.54%. 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 1.48%. 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 issued an update on its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of 0.900-0.940 for the period, compared to the consensus earnings per share estimate of 0.920. 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 many different retail and institutional investors. Top institutional shareholders 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 4/25/2024 by MarketBeat.com Staff From Our PartnersThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe A.I. story nobody is telling you (Read ASAP)TradeSmithDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsGlobal crypto currency reset (41 major banks signed up)Stansberry ResearchThe only accurate crypto trading system I know …Weiss RatingsBitcoin Rockets To Record High But Buy THIS InsteadParadigm Press 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
