Empire State Realty Trust, Inc. (NYSE:ESRT) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Empire State Realty Trust, Inc. has received a consensus recommendation of "Hold" from five analysts, with one sell rating, two hold ratings, and two buy ratings.
• The company reported a $0.22 earnings per share for the quarter and has a dividend yield of 1.8% following a recent quarterly dividend announcement.
• Empire State Realty Trust's stock is currently trading at $7.77, with a market cap of $1.32 billion, a PE ratio of 32.39, and a debt-to-equity ratio of 1.15.

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) have received an average recommendation of "Hold" from the five analysts that are covering the company, MarketBeat reports. One equities research 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $10.4333.

Several equities research analysts have recently issued reports on ESRT shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Empire State Realty Trust in a report on Saturday, September 27th. Wall Street Zen raised shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 23rd.

Empire State Realty Trust Price Performance

NYSE ESRT traded up $0.02 on Friday, reaching $7.77. The company's stock had a trading volume of 890,068 shares, compared to its average volume of 1,557,481. Empire State Realty Trust has a twelve month low of $6.56 and a twelve month high of $11.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.03 and a current ratio of 4.03. The firm's 50 day moving average is $7.55 and its two-hundred day moving average is $7.67. The stock has a market cap of $1.32 billion, a PE ratio of 32.39 and a beta of 1.79.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $153.54 million for the quarter. Empire State Realty Trust had a return on equity of 2.45% and a net margin of 5.67%. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. As a group, sell-side analysts predict that Empire State Realty Trust will post 0.88 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.035 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.8%. Empire State Realty Trust's dividend payout ratio is presently 58.33%.

Hedge Funds Weigh In On Empire State Realty Trust

A number of large investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co increased its stake in shares of Empire State Realty Trust by 4.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 302,721 shares of the real estate investment trust's stock valued at $2,452,000 after buying an additional 14,084 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Empire State Realty Trust by 410.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 22,094 shares of the real estate investment trust's stock valued at $179,000 after acquiring an additional 17,767 shares during the period. Resolution Capital Ltd bought a new position in Empire State Realty Trust during the 2nd quarter worth approximately $43,706,000. Lazard Asset Management LLC increased its stake in Empire State Realty Trust by 4.6% in the second quarter. Lazard Asset Management LLC now owns 125,280 shares of the real estate investment trust's stock valued at $1,012,000 after purchasing an additional 5,526 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Empire State Realty Trust by 50.5% in the second quarter. BNP Paribas Financial Markets now owns 11,752 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 3,941 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.

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.

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