Empire State Realty Trust (NYSE:ESRT) Stock Price Breaks Below 200 Day Moving Average - What's Next?

Key Points

• ESRT shares fell below their 200-day moving average, reaching $4.47 before closing at $4.6150, compared with a 200-day average of $5.10.
• Analyst sentiment is bearish: the stock has a consensus “Sell” rating from MarketBeat, with an average price target of $5.00 after multiple firms cut targets or issued underweight/sell ratings.
• The REIT reported a quarterly loss of $0.15 per share and pays a $0.035 quarterly dividend, equivalent to a 3.0% yield; its 200% payout ratio significantly exceeds projected earnings.

Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $5.10 and traded as low as $4.47. Empire State Realty Trust shares last traded at $4.6150, with a volume of 3,722,516 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on ESRT. Wall Street Zen downgraded Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Weiss Ratings restated a "sell (d)" rating on shares of Empire State Realty Trust in a research note on Friday, August 7th. Evercore set a $5.00 target price on Empire State Realty Trust in a research report on Monday, September 21st. Citigroup lowered their target price on 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, Wells Fargo & Company dropped their target price on Empire State Realty Trust from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Sell" and an average price target of $5.00.

Empire State Realty Trust Price Performance

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 stock has a market cap of $798.99 million, a PE ratio of 65.94 and a beta of 1.40. The company's 50 day moving average is $4.47 and its 200-day moving average is $5.10.

Empire State Realty Trust (NYSE:ESRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The firm had revenue of $196.90 million during 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. As a group, 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.0350 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.14 annualized dividend and a yield of 3.0%. Empire State Realty Trust's payout ratio is currently 200.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. increased its holdings in Empire State Realty Trust by 456.9% in the fourth quarter. Cohen & Steers Inc. now owns 11,128,303 shares of the real estate investment trust's stock valued at $72,557,000 after buying an additional 9,129,959 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its holdings in Empire State Realty Trust by 64.0% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 9,058,860 shares of the real estate investment trust's stock worth $47,106,000 after buying an additional 3,534,376 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Empire State Realty Trust by 55.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,905,653 shares of the real estate investment trust's stock worth $25,509,000 after acquiring an additional 1,750,544 shares in the last quarter. BROOKFIELD Corp ON acquired a new position in shares of Empire State Realty Trust in the 1st quarter worth approximately $2,662,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Empire State Realty Trust by 32.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,358,330 shares of the real estate investment trust's stock valued at $7,063,000 after acquiring an additional 332,810 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a self-managed real estate investment trust that owns, manages and operates office, retail and multifamily properties in the greater New York metropolitan area. The company's portfolio is concentrated in Manhattan and includes prominent commercial properties serving businesses across a range of industries.

The company is best known for owning the Empire State Building, one of New York City's most recognizable landmarks. In addition to office and retail leasing, Empire State Realty Trust operates the Empire State Building Observatory, which provides visitors with observation experiences, exhibits and related services.

Empire State Realty Trust was established in 2011 and became a publicly traded company in 2013.

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