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Empire State Realty Trust (NYSE:ESRT) Issues FY 2025 Earnings Guidance

Empire State Realty Trust logo with Finance background

Empire State Realty Trust (NYSE:ESRT - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. 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 research reports. Citigroup reaffirmed a "neutral" rating on shares of Empire State Realty Trust in a research report on Friday, April 11th. Wall Street Zen lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company lowered their target price on Empire State Realty Trust from $11.00 to $8.30 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.43.

View Our Latest Stock Report on Empire State Realty Trust

Empire State Realty Trust Stock Up 0.6%

Empire State Realty Trust stock traded up $0.05 during trading on Friday, hitting $7.43. 1,781,420 shares of the company were exchanged, compared to its average volume of 2,029,281. The business's 50 day moving average is $8.02 and its 200 day moving average is $8.20. Empire State Realty Trust has a 52 week low of $6.56 and a 52 week high of $11.62. The company has a market capitalization of $1.25 billion, a P/E ratio of 30.94 and a beta of 1.66. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 1.15.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $153.54 million during the quarter. Empire State Realty Trust had a return on equity of 2.46% and a net margin of 5.67%. Analysts predict that Empire State Realty Trust will post 0.88 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.035 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.14 annualized dividend and a dividend yield of 1.89%. Empire State Realty Trust's payout ratio is presently 58.33%.

Institutional Investors Weigh In On Empire State Realty Trust

Several large investors have recently added to or reduced their stakes in ESRT. Goldman Sachs Group Inc. raised 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 valued at $24,284,000 after acquiring an additional 1,798,850 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Empire State Realty Trust by 9.5% in 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 valued at $8,869,000 after acquiring an additional 98,148 shares during the period. Jane Street Group LLC bought a new stake in Empire State Realty Trust in the 1st quarter valued at about $1,615,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Empire State Realty Trust by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust's stock valued at $638,000 after acquiring an additional 4,535 shares during the period. Finally, Amundi raised 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 acquiring an additional 1,562 shares during the period. 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.

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