Empire State Realty Trust (NYSE:ESRT) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Shares slipped below their 200‑day moving average of $6.37—trading as low as $5.54 and last at $5.675 with about 2.18M shares changing hands—signaling a bearish technical shift.
• Analysts have cut targets and the stock carries a consensus Sell rating with a consensus target of $6.35 after reductions from firms including Citigroup and Wells Fargo.
• Fundamentals show a $971.8M market cap, a 2.5% dividend yield ($0.14 annualized), FY2026 guidance of $0.85–$0.89 EPS (consensus 0.87), and 67% institutional ownership with large recent stake increases by several funds.

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.37 and traded as low as $5.54. Empire State Realty Trust shares last traded at $5.6750, with a volume of 2,177,663 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, February 18th. Citigroup reduced their target price on shares of Empire State Realty Trust from $7.00 to $5.75 and set a "neutral" rating for the company in a research note on Wednesday, April 15th. Weiss Ratings downgraded shares of Empire State Realty Trust from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company reduced 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 note on Monday, March 2nd. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell" and a consensus target price of $6.35.

Empire State Realty Trust Trading Up 2.1%

The firm's 50 day moving average is $5.44 and its 200 day moving average is $6.37. The company has a market cap of $971.79 million, a PE ratio of 21.83 and a beta of 1.38. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.67 and a quick ratio of 1.67.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.12 EPS for the quarter. The company had revenue of $199.22 million during the quarter. Empire State Realty Trust had a net margin of 6.06% and a return on equity of 2.59%. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.87 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.14 annualized dividend and a yield of 2.5%. Empire State Realty Trust's payout ratio is currently 53.85%.

Hedge Funds Weigh In On Empire State Realty Trust

Several hedge funds have recently bought and sold shares of ESRT. Cohen & Steers Inc. grew its stake in Empire State Realty Trust by 456.9% during the fourth quarter. Cohen & Steers Inc. now owns 11,128,303 shares of the real estate investment trust's stock valued at $72,557,000 after acquiring an additional 9,129,959 shares in the last quarter. Resolution Capital Ltd purchased a new position in Empire State Realty Trust during the second quarter valued at approximately $43,706,000. Lasalle Investment Management Securities LLC lifted its position in Empire State Realty Trust by 264.1% during the fourth 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 purchasing an additional 4,007,189 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Empire State Realty Trust by 204.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,155,109 shares of the real estate investment trust's stock worth $20,571,000 after buying an additional 2,118,859 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Empire State Realty Trust by 137.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust's stock worth $24,284,000 after buying an additional 1,798,850 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.

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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