Empire State Realty Trust (NYSE:ESRT) Sets New 1-Year Low - Should You Sell?

Key Points

• Empire State Realty Trust shares hit a new 52-week low of $4.61, below their 50-day and 200-day moving averages of $5.21 and $5.42, respectively.
• Analyst sentiment is bearish: MarketBeat reports an average rating of “Sell” and an average price target of $5.50, with recent downgrades and target-price cuts from several firms.
• The REIT reported a quarterly loss of $0.15 per share and declared a $0.035 quarterly dividend, representing a 3.0% yield but a high 200% payout ratio.

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $4.61 and last traded at $4.61, with a volume of 324367 shares traded. The stock had previously closed at $4.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen cut Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. Wells Fargo & Company cut their price objective on shares of Empire State Realty Trust from $6.30 to $6.00 and set an "underweight" rating on the stock in a report on Monday, June 1st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. Citigroup lowered their target price on shares of Empire State Realty Trust from $5.75 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Finally, Evercore set a $5.50 price target on shares of Empire State Realty Trust in a research note on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Sell" and an average target price of $5.50.

Empire State Realty Trust Trading Down 0.4%

The company's fifty day moving average is $5.21 and its two-hundred day moving average is $5.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $799.86 million, a price-to-earnings ratio of 66.01 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. The business had revenue of $196.90 million for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. On average, research analysts anticipate that Empire State Realty Trust, Inc. will post 0.77 EPS for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust's dividend payout ratio is presently 200.00%.

Hedge Funds Weigh In On Empire State Realty Trust

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in Empire State Realty Trust by 86.1% during the first quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 5,124 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Empire State Realty Trust in the 1st quarter worth approximately $60,000. DRW Securities LLC acquired a new stake in shares of Empire State Realty Trust during the 4th quarter worth approximately $69,000. Vise Technologies Inc. purchased a new position in shares of Empire State Realty Trust during the 4th quarter valued at approximately $71,000. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of Empire State Realty Trust by 29.1% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 2,523 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.

Empire State Realty Trust Company Profile

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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