Empire State Realty Trust (ESRT) Stock Price, News & Analysis

Company Overview

Empire State Realty Trust (NYSE: ESRT) is a publicly traded real estate investment trust that acquires, owns, operates and manages office, retail and multifamily properties in the greater New York City metropolitan area. Best known for its stewardship of the iconic Empire State Building, the company’s business activities span property leasing, asset management and the development of amenity-rich office and residential spaces. Its portfolio is strategically concentrated in Manhattan, providing tenants with access to premier commercial corridors, flagship retail locations and well-positioned residential units.

Since its formation in 2013 as an independent REIT spun off from Malkin Holdings, Empire State Realty Trust has pursued a disciplined growth strategy focused on high-quality, income-generating real estate. The company initially consolidated ownership of several landmark buildings, then expanded through selective acquisitions and redevelopment projects. Over time, ESRT has enhanced building interiors, modernized mechanical systems and reconfigured spaces to meet evolving tenant requirements, reinforcing its reputation for delivering turnkey, class A assets in one of the world’s most competitive real estate markets.

In addition to traditional leasing and property management, Empire State Realty Trust emphasizes innovation through advanced building technologies and sustainability initiatives. The company has invested in energy efficiency upgrades, smart building systems and digital infrastructure that supports tenant connectivity, media broadcasting and interactive experiences. Its retail portfolio features globally recognized brands, while a growing multifamily segment provides rental residences with amenities tailored to urban professionals.

Led by Chairman and Chief Executive Officer Anthony E. Malkin, ESRT maintains a governance framework grounded in transparency, risk management and stakeholder engagement. Under Malkin’s leadership, the company has championed community outreach, environmental responsibility and a culture of service excellence. A seasoned real estate executive, he is supported by a senior management team with deep expertise in finance, development, leasing and operations, positioning ESRT for continued stability and long-term value creation.

Key Stats

• Today's Range: $8.26 to $8.36
• 50-Day Range: $6.95 to $8.72
• 52-Week Range: $6.56 to $11.62
• Volume: 1.20 million shs
• Average Volume: 1.38 million shs
• Market Capitalization: $1.40 billion
• P/E Ratio: 27.73
• Dividend Yield: 1.68%
• Price Target: $10.43
• Consensus Rating: Hold

Empire State Realty Trust Stock Analysis - MarketRank™

Empire State Realty Trust scored higher than 84% of companies evaluated by MarketBeat, and ranked 691st out of 2,763 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Empire State Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Empire State Realty Trust has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Empire State Realty Trust is 27.73, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Empire State Realty Trust is 27.73, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 20.02.

Price to Book Value per Share Ratio

Empire State Realty Trust has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.39% of the float of Empire State Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Empire State Realty Trust has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Empire State Realty Trust has recently increased by 43.96%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Empire State Realty Trust pays a meaningful dividend of 1.68%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Empire State Realty Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Empire State Realty Trust is 46.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -2.42

Percentage of Shares Shorted

3.39% of the float of Empire State Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Empire State Realty Trust has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Empire State Realty Trust has recently increased by 43.96%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: N/A

News Sentiment

Empire State Realty Trust has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Empire State Realty Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

14.60% of the stock of Empire State Realty Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

67.10% of the stock of Empire State Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ESRT Stock Analysis - Frequently Asked Questions

How have ESRT shares performed this year?

Empire State Realty Trust's stock was trading at $10.32 on January 1st, 2025. Since then, ESRT shares have decreased by 19.4% and is now trading at $8.32.

How were Empire State Realty Trust's earnings last quarter?

Empire State Realty Trust, Inc. (NYSE:ESRT) released its earnings results on Tuesday, April, 29th. The real estate investment trust reported $0.19 earnings per share for the quarter. The real estate investment trust had revenue of $154.54 million for the quarter. Empire State Realty Trust had a trailing twelve-month return on equity of 3.00% and a net margin of 6.92%.
Read the conference call transcript.

How do I buy shares of Empire State Realty Trust?

Shares of ESRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Empire State Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Empire State Realty Trust investors own include DiamondRock Hospitality (DRH), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AU Optronics (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 4/29/2025
• Record date for 6/30 Dividend: 6/13/2025
• Ex-Dividend for 6/30 Dividend: 6/13/2025
• Dividend Payable: 6/30/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Trading
• Current Symbol: NYSE:ESRT
• CIK: 1541401
• Web: www.empirestaterealtytrust.com
• Phone: (212) 850-2600
• Fax: 212-850-2751
• Employees: 670
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.43
• High Stock Price Target: $13.00
• Low Stock Price Target: $8.30
• Potential Upside/Downside: +25.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.30
• Trailing P/E Ratio: 27.73
• Forward P/E Ratio: 9.45
• P/E Growth: N/A
• Net Income: $51.64 million
• Net Margins: 6.92%
• Pretax Margin: 11.56%
• Return on Equity: 3.00%
• Return on Assets: 1.21%

Debt

• Debt-to-Equity Ratio: 1.15
• Current Ratio: 3.83
• Quick Ratio: 3.83

Sales & Book Value

• Annual Sales: $767.92 million
• Price / Sales: 1.83
• Cash Flow: $1.50 per share
• Price / Cash Flow: 5.53
• Book Value: $10.65 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 168,490,000
• Free Float: 143,887,000
• Market Cap: $1.40 billion
• Optionable: Optionable
• Beta: 1.66