Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as $7.20 and last traded at $7.29, with a volume of 139012 shares traded. The stock had previously closed at $7.85.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ESRT. StockNews.com upgraded shares of Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Wolfe Research raised shares of Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research report on Tuesday, March 25th.
View Our Latest Stock Analysis on ESRT
Empire State Realty Trust Trading Down 3.8 %
The stock's fifty day moving average price is $8.51 and its two-hundred day moving average price is $9.87. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $1.14 billion, a P/E ratio of 24.20 and a beta of 1.39.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.19. The firm had revenue of $155.13 million for the quarter, compared to analyst estimates of $192.62 million. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. Equities research analysts forecast that Empire State Realty Trust, Inc. 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 Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, March 14th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 50.00%.
Insider Buying and Selling
In other news, EVP Thomas P. Durels sold 5,779 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $8.03, for a total transaction of $46,405.37. Following the transaction, the executive vice president now owns 56,028 shares of the company's stock, valued at approximately $449,904.84. This represents a 9.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 30,122 shares of company stock worth $242,761. Insiders own 13.95% of the company's stock.
Institutional Investors Weigh In On Empire State Realty Trust
A number of large investors have recently bought and sold shares of ESRT. Point72 Asia Singapore Pte. Ltd. acquired a new position in Empire State Realty Trust during the third quarter worth about $25,000. GF Fund Management CO. LTD. acquired a new stake in shares of Empire State Realty Trust during the fourth quarter valued at about $26,000. Sterling Capital Management LLC lifted its holdings in shares of Empire State Realty Trust by 819.7% in the 4th quarter. Sterling Capital Management LLC now owns 4,295 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 3,828 shares during the last quarter. State of Wyoming purchased a new stake in Empire State Realty Trust in the fourth quarter valued at approximately $54,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of Empire State Realty Trust during the fourth quarter worth $103,000. Hedge funds and other institutional investors own 67.10% of the company's stock.
About Empire State Realty Trust
(
Get Free Report)
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.
See Also
Before you consider Empire State Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Empire State Realty Trust wasn't on the list.
While Empire State Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
