Empire State Realty Trust (NYSE:ESRT) Sets New 1-Year Low - What's Next?

Key Points

• Empire State Realty Trust shares fell to a new 52-week low of $4.04, down 3.4% from the prior close, with the stock trading below both its 50-day and 200-day moving averages.
• Analysts remain bearish, with a consensus “Sell” rating and an average price target of $5.17; recent target reductions from Citigroup and Wells Fargo point to continued concerns.
• The company reported a quarterly loss of $0.15 per share and declared a quarterly dividend of $0.035, equivalent to a 3.4% annualized yield, though its 200% payout ratio raises sustainability concerns.

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $4.04 and last traded at $4.0550, with a volume of 3483264 shares trading hands. The stock had previously closed at $4.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ESRT shares. Evercore set a $5.50 target price on Empire State Realty Trust in a research report on Thursday, July 30th. Citigroup decreased their price target on Empire State Realty Trust from $5.75 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Weiss Ratings reiterated a "sell (d)" rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. Wall Street Zen cut Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Finally, Wells Fargo & Company cut their target price on shares of Empire State Realty Trust from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Empire State Realty Trust presently has a consensus rating of "Sell" and a consensus target price of $5.17.

Empire State Realty Trust Trading Down 3.4%

The business has a 50 day moving average of $4.95 and a 200 day moving average of $5.25. The firm has a market capitalization of $707.24 million, a price-to-earnings ratio of 58.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.32 and a quick ratio of 1.32.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. The company had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. As a group, research analysts predict that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 15th. Empire State Realty Trust's dividend payout ratio (DPR) is currently 200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ESRT. Sequoia Financial Advisors LLC lifted its holdings in Empire State Realty Trust by 92.1% during the second quarter. Sequoia Financial Advisors LLC now owns 22,083 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 10,590 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Empire State Realty Trust in the second quarter worth about $105,000. Engineers Gate Manager LP bought a new stake in shares of Empire State Realty Trust in the second quarter worth about $447,000. Squarepoint Ops LLC raised its position in shares of Empire State Realty Trust by 43.4% during the second quarter. Squarepoint Ops LLC now owns 136,077 shares of the real estate investment trust's stock worth $736,000 after purchasing an additional 41,191 shares during the period. Finally, Corient Private Wealth LP acquired a new stake in shares of Empire State Realty Trust during the second quarter worth about $110,000. Institutional investors and hedge funds 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 that owns, manages, and operates office, retail, and multifamily properties primarily in Manhattan and the greater New York City region. The company's portfolio includes office and retail buildings serving businesses, residents, and visitors.

Its best-known property is the Empire State Building, which includes office space, retail offerings, and the Empire State Building Observatory. The company also operates other prominent commercial properties in Manhattan, including buildings in Midtown and the surrounding business districts.

Empire State Realty Trust was established as a public REIT in 2013.

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