Empire State Realty Trust (NYSE:ESRT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.830-0.860 for the period, compared to the consensus estimate of 0.877. The company issued revenue guidance of -.
Analysts Set New Price Targets
ESRT has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, May 19th. Wells Fargo & Company lowered their price target on shares of Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a report on Monday, May 19th. Finally, Citigroup reissued a "neutral" rating on shares of Empire State Realty Trust in a research note on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.43.
Get Our Latest Report on ESRT
Empire State Realty Trust Stock Performance
Shares of Empire State Realty Trust stock traded up $0.05 on Friday, reaching $7.43. 1,781,420 shares of the stock were exchanged, compared to its average volume of 2,029,281. Empire State Realty Trust has a 1-year low of $6.56 and a 1-year high of $11.62. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $8.21. The firm has a market capitalization of $1.25 billion, a PE ratio of 30.94 and a beta of 1.66.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. The business had revenue of $153.54 million for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.46%. As a group, research analysts anticipate that Empire State Realty Trust will post 0.88 earnings per share for the current fiscal year.
Empire State Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, June 13th. Empire State Realty Trust's dividend payout ratio is presently 58.33%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of ESRT. AQR Capital Management LLC lifted its stake in Empire State Realty Trust by 35.9% during the first quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust's stock valued at $209,000 after purchasing an additional 7,079 shares during the last quarter. Amundi increased its stake in Empire State Realty Trust by 2.0% in the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust's stock valued at $585,000 after buying an additional 1,562 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Empire State Realty Trust by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust's stock worth $638,000 after purchasing an additional 4,535 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Empire State Realty Trust during the 1st quarter worth $1,615,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Empire State Realty Trust by 9.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust's stock worth $8,869,000 after purchasing an additional 98,148 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.
Empire State Realty Trust Company Profile
(
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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