Empire State Realty Trust (NYSE:ESRT) Sets New 12-Month Low - Here's What Happened

Key Points

• 52‑week low — Empire State Realty Trust hit a new 52‑week low of $5.05 (last $5.1170) on Tuesday, with about 128,944 shares changing hands.
• Analyst sentiment has turned negative: multiple firms cut price targets (Citigroup $8→$7; Wells Fargo $6.80→$6.30) and Weiss downgraded to "sell", leaving a MarketBeat consensus rating of "Reduce" with a $7.58 target.
• Fundamentals and payout: ESRT reported $0.12 EPS for the quarter and set FY‑2026 guidance of $0.85–$0.89, announced a $0.035 quarterly dividend (annualized yield ~2.7%), and has a market cap of about $879M with debt/equity ~1.22.

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $5.05 and last traded at $5.1170, with a volume of 128944 shares trading hands. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ESRT shares. Citigroup cut their price target on Empire State Realty Trust from $8.00 to $7.00 and set a "neutral" rating for the company in a research note on Thursday, February 19th. Weiss Ratings downgraded Empire State Realty Trust from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, March 4th. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company decreased their target price on shares of Empire State Realty Trust from $6.80 to $6.30 and set an "underweight" rating for the company in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $7.58.

Empire State Realty Trust Price Performance

The stock has a 50 day moving average of $6.08 and a two-hundred day moving average of $6.79. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $879.32 million, a P/E ratio of 19.75 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 2.59% and a net margin of 6.06%.The firm had revenue of $199.22 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. Sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.035 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.14 dividend on an annualized basis and a yield of 2.7%. Empire State Realty Trust's dividend payout ratio (DPR) is presently 53.85%.

Institutional Investors Weigh In On Empire State Realty Trust

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of Empire State Realty Trust by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 11,934,145 shares of the real estate investment trust's stock worth $91,318,000 after purchasing an additional 1,153,446 shares during the period. Cohen & Steers Inc. grew its holdings in Empire State Realty Trust by 456.9% in the 4th quarter. Cohen & Steers Inc. now owns 11,128,303 shares of the real estate investment trust's stock valued at $72,557,000 after buying an additional 9,129,959 shares during the last quarter. Lasalle Investment Management Securities LLC grew its holdings in Empire State Realty Trust by 264.1% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 5,524,484 shares of the real estate investment trust's stock valued at $36,020,000 after buying an additional 4,007,189 shares during the last quarter. Resolution Capital Ltd bought a new position in Empire State Realty Trust in the 2nd quarter worth approximately $43,706,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Empire State Realty Trust by 59.6% during the third quarter. Principal Financial Group Inc. now owns 3,813,895 shares of the real estate investment trust's stock worth $29,214,000 after buying an additional 1,424,066 shares during the last quarter. 67.10% of the stock is currently owned by institutional investors.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company's portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world's most competitive real estate markets.

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