Shares of Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.38 and traded as low as $8.06. Empire State Realty Trust shares last traded at $8.20, with a volume of 889,161 shares.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on ESRT shares. Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Wells Fargo & Company decreased their price objective on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Wall Street Zen cut Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, May 19th. Finally, Wolfe Research upgraded Empire State Realty Trust from a "peer perform" rating to an "outperform" rating and set a $10.00 target price for the company in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.43.
Check Out Our Latest Report on ESRT
Empire State Realty Trust Trading Down 0.5%
The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.83 and a current ratio of 3.83. The stock has a market cap of $1.38 billion, a PE ratio of 27.32 and a beta of 1.66. The stock has a fifty day moving average price of $7.99 and a 200 day moving average price of $8.38.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 3.00% and a net margin of 6.92%. The firm had revenue of $154.54 million during the quarter. Equities analysts expect that Empire State Realty Trust, Inc. will post 0.88 EPS for the current year.
Empire State Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, June 13th. Empire State Realty Trust's dividend payout ratio (DPR) is presently 46.67%.
Institutional Investors Weigh In On Empire State Realty Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Empire State Realty Trust by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 702,961 shares of the real estate investment trust's stock worth $7,255,000 after acquiring an additional 5,395 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Empire State Realty Trust by 31.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,597 shares of the real estate investment trust's stock worth $883,000 after acquiring an additional 20,504 shares in the last quarter. Inspire Advisors LLC bought a new position in shares of Empire State Realty Trust in the 4th quarter worth $125,000. Swiss National Bank raised its position in shares of Empire State Realty Trust by 2.1% in the 4th quarter. Swiss National Bank now owns 276,700 shares of the real estate investment trust's stock worth $2,856,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Empire State Realty Trust in the 4th quarter worth $132,000. 67.10% of the stock is owned by institutional investors.
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.
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