Empire State Realty Trust (NYSE:ESRT - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.900-0.940 for the period, compared to the consensus earnings per share estimate of 0.920. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Empire State Realty Trust from a sell rating to a hold rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $8.33.
View Our Latest Report on ESRT
Empire State Realty Trust Price Performance
Shares of Empire State Realty Trust stock traded down $0.12 on Wednesday, hitting $9.36. 1,091,720 shares of the company traded hands, compared to its average volume of 1,113,826. The stock has a market capitalization of $1.54 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.29, a quick ratio of 7.04 and a current ratio of 7.04. Empire State Realty Trust has a 52 week low of $5.43 and a 52 week high of $10.32. The business has a 50-day simple moving average of $9.71 and a 200 day simple moving average of $9.35.
Empire State Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust's payout ratio is currently 45.16%.
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Empire State Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Empire State Realty Trust wasn't on the list.
While Empire State Realty Trust currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
