Empire State Realty Trust (ESRT) Set to Announce Quarterly Earnings on Wednesday

Empire State Realty Trust (NYSE:ESRT - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Empire State Realty Trust to post earnings of $0.19 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Empire State Realty Trust Stock Performance

NYSE:ESRT traded down $0.07 on Wednesday, hitting $8.92. The company's stock had a trading volume of 756,618 shares, compared to its average volume of 1,118,986. The company has a current ratio of 7.04, a quick ratio of 7.04 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average of $9.75 and a two-hundred day moving average of $9.29. The firm has a market capitalization of $1.46 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 3.32 and a beta of 1.30. Empire State Realty Trust has a one year low of $5.43 and a one year high of $10.32.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.035 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.14 annualized dividend and a yield of 1.57%. Empire State Realty Trust's dividend payout ratio is 45.16%.

Hedge Funds Weigh In On Empire State Realty Trust

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Empire State Realty Trust by 0.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 191,916 shares of the real estate investment trust's stock worth $1,860,000 after purchasing an additional 1,458 shares during the period. Legal & General Group Plc increased its stake in Empire State Realty Trust by 0.4% during the 4th quarter. Legal & General Group Plc now owns 2,597,262 shares of the real estate investment trust's stock worth $25,167,000 after acquiring an additional 9,290 shares during the period. Barclays PLC increased its stake in Empire State Realty Trust by 122.8% during the 4th quarter. Barclays PLC now owns 303,983 shares of the real estate investment trust's stock worth $2,946,000 after acquiring an additional 167,564 shares during the period. Voloridge Investment Management LLC bought a new position in Empire State Realty Trust during the 4th quarter worth $250,000. Finally, Gotham Asset Management LLC increased its stake in Empire State Realty Trust by 48.8% during the 4th quarter. Gotham Asset Management LLC now owns 19,041 shares of the real estate investment trust's stock worth $185,000 after acquiring an additional 6,245 shares during the period. Institutional investors own 67.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, Empire State Realty Trust currently has a consensus rating of "Hold" and an average price target of $8.33.

About Empire State Realty Trust

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.