Brokerages Set Empire State Realty Trust, Inc. (NYSE:ESRT) Price Target at $10.43

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) have earned an average rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.4333.

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Empire State Realty Trust in a report on Tuesday, October 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in shares of Empire State Realty Trust in the first quarter valued at about $37,000. CWM LLC increased its stake in Empire State Realty Trust by 1,704.7% in the 2nd quarter. CWM LLC now owns 8,121 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 7,671 shares in the last quarter. Simplex Trading LLC increased its stake in Empire State Realty Trust by 869.5% in the 2nd quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 7,408 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Empire State Realty Trust in the second quarter valued at $74,000. Finally, US Bancorp DE increased its position in shares of Empire State Realty Trust by 22.4% in the first quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,824 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Stock Down 6.0%

Shares of NYSE:ESRT opened at $7.16 on Tuesday. The firm’s 50-day moving average is $7.61 and its two-hundred day moving average is $7.67. The firm has a market capitalization of $1.21 billion, a PE ratio of 34.10 and a beta of 1.79. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.03 and a quick ratio of 4.03. Empire State Realty Trust has a 1 year low of $6.56 and a 1 year high of $11.43.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 2.13% and a net margin of 4.96%.The business had revenue of $158.41 million for the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. Analysts predict that Empire State Realty Trust will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is 66.67%.

Empire State Realty Trust Company Profile

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.