NYSE:ESRT Empire State Realty Trust (ESRT) Stock Price, News & Analysis → The AI Bottleneck No One is Talking About (From The Bull Report) (Ad) Free ESRT Stock Alerts $9.79 0.00 (0.00%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$9.73▼$9.9250-Day Range$9.37▼$10.2552-Week Range$5.39▼$10.32Volume597,629 shsAverage Volume1.19 million shsMarket Capitalization$1.61 billionP/E Ratio31.58Dividend Yield1.43%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/Downside14.9% Downside$8.33 Price TargetShort InterestBearish5.90% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.69Upright™ Environmental ScoreNews Sentiment0.85Based 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.2.96 out of 5 starsFinance Sector523rd out of 882 stocksReal Estate Investment Trusts Industry108th out of 180 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.33, Empire State Realty Trust has a forecasted downside of 14.9% from its current price of $9.79.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 Shorted5.90% 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 6.1.Change versus previous monthShort interest in Empire State Realty Trust has recently increased by 11.06%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldEmpire State Realty Trust pays a meaningful dividend of 1.45%, 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 2.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEmpire State Realty Trust has received a 2.70% 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 -2.69. Previous Next 3.2 News and Social Media Coverage News SentimentEmpire State Realty Trust has a news sentiment score of 0.85. 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 0.62 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 Follows6 people have added Empire State Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 500% 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 Institutions80.44% 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 31.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.73.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 31.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.54.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 3.50. 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 0.92. 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 Behind the MarketsThe only AI company you should be looking atThis is the ONLY AI company you should be watching right now. No. It's not Nvidia, Intel, or Microsoft... It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human. This new drug discovery technique will change the market. And that's why they received a $50 million investment from an AI powerhouse.Get the stock ticker here >>> 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 HeadlinesMarch 19, 2024 | americanbankingnews.comEmpire State Realty Trust, Inc. (NYSE:ESRT) Short Interest Up 11.1% in FebruaryMarch 12, 2024 | msn.comEssential Properties Realty Trust prices upsized secondary stock offering at $24.75 a shareMarch 19, 2024 | Porter & Company (Ad)The world’s greatest investmentI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.March 12, 2024 | americanbankingnews.comEmpire State Realty Trust (NYSE:ESRT) Cut to Sell at StockNews.comMarch 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 19, 2024 | The Bull Report (Ad)The AI Bottleneck No One is Talking AboutRenewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.March 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 2023February 20, 2024 | finance.yahoo.comEmpire State Realty Trust Appoints Christina Chiu as President, Stephen V. Horn as Chief Financial Officer & Chief Accounting OfficerFebruary 20, 2024 | finance.yahoo.comEmpire State Realty Trust Announces Fourth Quarter and Full Year 2023 ResultsFebruary 20, 2024 | businesswire.comEmpire State Realty Trust Announces Fourth Quarter and Full Year 2023 ResultsFebruary 20, 2024 | businesswire.comEmpire State Realty Trust Appoints Christina Chiu as President, Stephen V. Horn as Chief Financial Officer & Chief Accounting OfficerFebruary 14, 2024 | investing.comEmpire State Realty Trust Inc (ESRT)February 8, 2024 | bizjournals.comHanover Street Capital to move its New York City office in MidtownJanuary 30, 2024 | finance.yahoo.com‘World’s Most Romantic Building:’ Empire State Building Celebrates Valentine’s Day with NYC's Most Romantic Date Experience, Engagement Package, and Film ScreeningsJanuary 25, 2024 | finance.yahoo.comEmpire State Realty Trust Announces 2023 Tax Treatment of Its DistributionsSee 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 12/29 Dividend12/15/2023Dividend Payable12/29/2023Ex-Dividend for 3/28 Dividend3/14/2024Today3/18/2024Dividend Payable3/28/2024Next Earnings (Estimated)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-14.9%Consensus RatingReduce Rating Score (0-4)1.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.31 Trailing P/E Ratio31.58 Forward P/E Ratio10.41 P/E Growth3.5Net 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 / Sales2.17 Cash Flow$1.61 per share Price / Cash Flow6.09 Book Value$10.62 per share Price / Book0.92Miscellaneous Outstanding Shares164,070,000Free Float141,187,000Market Cap$1.61 billion OptionableOptionable Beta1.30 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.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 CompetitorsRetail Opportunity InvestmentsNASDAQ:ROICJBG SMITH PropertiesNYSE:JBGSCoreCivicNYSE:CXWApollo Commercial Real Estate FinanceNYSE:ARIReady CapitalNYSE:RCView All CompetitorsInstitutional OwnershipVanguard Group Inc.Bought 37,015 shares on 3/11/2024Ownership: 11.648%Wellington Management Group LLPBought 943,593 shares on 3/5/2024Ownership: 3.583%Goldman Sachs Group Inc.Sold 1,151,865 shares on 3/1/2024Ownership: 0.564%Bbjs Financial Advisors LLCSold 11,368 shares on 2/28/2024Ownership: 0.062%Public Employees Retirement System of OhioBought 1,458 shares on 2/16/2024Ownership: 0.118%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 twelve months. 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 brokerages have issued 12 month target prices for Empire State Realty Trust's shares. 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 14.9%. 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 beginning of 2024. Since then, ESRT shares have increased by 1.0% and is now trading at $9.79. 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 February. As of February 29th, there was short interest totaling 7,830,000 shares, an increase of 11.1% from the February 14th total of 7,050,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 6.1 days. Approximately 5.9% of the shares of the stock are short sold. 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 were Empire State Realty Trust's earnings last quarter? Empire State Realty Trust, Inc. (NYSE:ESRT) announced its quarterly earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates 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 company earned $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 1.43%. The ex-dividend date 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 1.45%. 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 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 EPS guidance of 0.900-0.940 for the period, compared to the consensus EPS 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.76%), Vanguard Group Inc. (11.65%), Massachusetts Financial Services Co. MA (5.62%), Wellington Management Group LLP (3.58%), Charles Schwab Investment Management Inc. (2.02%) and Legal & General Group Plc (1.60%). 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressAltcoin FRENZY Alert…Crypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company 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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