Empire State Realty Trust (NYSE:ESRT) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• ESRT shares fell below their 200-day moving average, trading as low as $4.04 versus a 200-day average of $5.18, with the latest price near $4.14.
• Analyst sentiment is bearish: the stock carries a consensus “Sell” rating and a $5.00 target price after several firms lowered their targets or ratings.
• The company declared a quarterly dividend of $0.035 per share, equivalent to a 3.4% annualized yield, but its 200% payout ratio raises concerns about dividend sustainability.

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.18 and traded as low as $4.04. Empire State Realty Trust shares last traded at $4.1350, with a volume of 4,136,873 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Empire State Realty Trust from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Tuesday, September 1st. Evercore set a $5.00 price objective on shares of Empire State Realty Trust in a report on Monday. Wall Street Zen cut shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Citigroup cut their price target on Empire State Realty Trust from $5.75 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Empire State Realty Trust in a report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Sell" and a consensus target price of $5.00.

Empire State Realty Trust Stock Up 0.9%

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.15. The firm's fifty day moving average price is $4.78 and its 200-day moving average price is $5.18. The company has a market cap of $715.89 million, a price-to-earnings ratio of 59.08 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted 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 return on equity of 0.40% and a net margin of 0.93%.The business had revenue of $196.90 million for the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. Sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 15th. Empire State Realty Trust's payout ratio is 200.00%.

Institutional Trading of Empire State Realty Trust

A number of large investors have recently bought and sold shares of ESRT. Sequoia Financial Advisors LLC lifted its stake in Empire State Realty Trust by 92.1% in the second quarter. Sequoia Financial Advisors LLC now owns 22,083 shares of the real estate investment trust's stock valued at $119,000 after buying an additional 10,590 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Empire State Realty Trust during the second quarter worth $105,000. Engineers Gate Manager LP bought a new stake in Empire State Realty Trust in the 2nd quarter valued at $447,000. Squarepoint Ops LLC boosted its stake in Empire State Realty Trust by 43.4% in the 2nd 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 position in Empire State Realty Trust in the 2nd quarter worth $110,000. 67.10% of the stock is owned by institutional investors.

About Empire State Realty Trust

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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