Empire State Realty Trust Company Profile (NYSE:ESRT)

About Empire State Realty Trust (NYSE:ESRT)

Empire State Realty Trust logoEmpire State Realty Trust, Inc. is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. As of December 31, 2016, its portfolio consisted of 14 office properties and six standalone retail properties totaling approximately 10.1 million rentable square feet. The Company's properties include One Grand Central Place, 1400 Broadway, 111 West 33rd Street, 250 West 57th Street, 1359 Broadway and 1333 Broadway.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $3.28 billion
  • Outstanding Shares: 157,954,000
Average Prices:
  • 50 Day Moving Avg: $21.04
  • 200 Day Moving Avg: $20.48
  • 52 Week Range: $18.31 - $22.31
P/E:
  • Trailing P/E Ratio: 54.89
  • Foreward P/E Ratio: 21.39
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $672.28 million
  • Price / Sales: 4.88
  • Book Value: $7.33 per share
  • Price / Book: 2.83
Dividend:
  • Annual Dividend: $0.42
  • Dividend Yield: 2.0%
Profitability:
  • EBIDTA: $321.16 million
  • Net Margins: 8.70%
  • Return on Equity: 3.60%
  • Return on Assets: 1.57%
Debt:
  • Debt-to-Equity Ratio: 0.83%
  • Current Ratio: 5.29%
  • Quick Ratio: 5.29%
Misc:
  • Average Volume: 857,875 shs.
  • Beta: 0.98
  • Short Ratio: 9.62
 

Frequently Asked Questions for Empire State Realty Trust (NYSE:ESRT)

What is Empire State Realty Trust's stock symbol?

Empire State Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESRT."

How often does Empire State Realty Trust pay dividends? What is the dividend yield for Empire State Realty Trust?

Empire State Realty Trust announced a quarterly dividend on Monday, May 15th. Investors of record on Thursday, June 15th will be given a dividend of $0.105 per share on Friday, June 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 13th. View Empire State Realty Trust's Dividend History.

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

Empire State Realty Trust Inc (NYSE:ESRT) released its quarterly earnings results on Wednesday, April, 26th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.01. The business had revenue of $164.95 million for the quarter, compared to analyst estimates of $118.20 million. Empire State Realty Trust had a net margin of 8.70% and a return on equity of 3.60%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. View Empire State Realty Trust's Earnings History.

When will Empire State Realty Trust make its next earnings announcement?

Empire State Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Empire State Realty Trust.

Where is Empire State Realty Trust's stock going? Where will Empire State Realty Trust's stock price be in 2017?

3 brokers have issued 1 year price objectives for Empire State Realty Trust's shares. Their predictions range from $20.00 to $24.00. On average, they anticipate Empire State Realty Trust's stock price to reach $22.33 in the next twelve months. View Analyst Ratings for Empire State Realty Trust.

Who are some of Empire State Realty Trust's key competitors?

Who owns Empire State Realty Trust stock?

Empire State Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.24%), BlackRock Inc. (4.37%), Daiwa Securities Group Inc. (3.87%), Resolution Capital Ltd (3.60%), FMR LLC (3.59%) and Alliancebernstein L.P. (2.69%). View Institutional Ownership Trends for Empire State Realty Trust.

Who sold Empire State Realty Trust stock? Who is selling Empire State Realty Trust stock?

Empire State Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Prudential Financial Inc., Renaissance Technologies LLC, Citadel Advisors LLC, Wellington Management Group LLP, American Century Companies Inc., Credit Suisse AG and First Trust Advisors LP. View Insider Buying and Selling for Empire State Realty Trust.

Who bought Empire State Realty Trust stock? Who is buying Empire State Realty Trust stock?

Empire State Realty Trust's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Alliancebernstein L.P., Resolution Capital Ltd, Dimensional Fund Advisors LP, Bank of America Corp DE and Virginia Retirement Systems ET AL. View Insider Buying and Selling for Empire State Realty Trust.

How do I buy Empire State Realty Trust stock?

Shares of Empire State Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Empire State Realty Trust stock cost?

One share of Empire State Realty Trust stock can currently be purchased for approximately $20.75.

Analyst Ratings

Consensus Ratings for Empire State Realty Trust (NYSE:ESRT) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $22.33 (7.63% upside)

Analysts' Ratings History for Empire State Realty Trust (NYSE:ESRT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/13/2017BMO Capital MarketsSet Price TargetBuy$23.00LowView Rating Details
11/30/2016Wells Fargo & CoSet Price TargetHold$20.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$24.00N/AView Rating Details
3/28/2016Cowen and CompanyInitiated CoverageOutperform$20.00N/AView Rating Details
2/26/2016Goldman Sachs Group IncLower Price Target$21.00 -> $20.00N/AView Rating Details
2/24/2016Stifel NicolausLower Price TargetBuy$20.00 -> $18.00N/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Empire State Realty Trust (NYSE:ESRT)
Earnings by Quarter for Empire State Realty Trust (NYSE:ESRT)
Earnings History by Quarter for Empire State Realty Trust (NYSE:ESRT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/25/2017        
4/26/2017Q1 2017$0.20$0.21$118.20 million$164.95 millionViewN/AView Earnings Details
2/22/2017Q416$0.23$0.25$117.30 million$179.26 millionViewN/AView Earnings Details
7/27/2016Q216$0.26$0.24$116.59 million$165.80 millionViewN/AView Earnings Details
4/27/2016Q116$0.20$0.21$130.79 million$157.10 millionViewN/AView Earnings Details
2/22/2016Q415$0.23$0.24$113.55 million$165.20 millionViewListenView Earnings Details
10/28/2015Q315$0.26$0.27$114.12 million$175.80 millionViewListenView Earnings Details
7/29/2015Q215$0.23$0.26$110.94 million$112.90 millionViewListenView Earnings Details
4/28/2015Q115$0.19$0.20$111.82 million$151.88 millionViewN/AView Earnings Details
2/25/2015Q414$0.20$0.25$121.99 million$170.40 millionViewN/AView Earnings Details
10/29/2014Q314$0.22$0.25$114.90 million$169.40 millionViewN/AView Earnings Details
7/30/2014Q1$0.21$0.22$91.29 million$155.17 millionViewN/AView Earnings Details
5/6/2014Q1 2014$0.15$0.17$88.52 million$90.20 millionViewN/AView Earnings Details
2/27/2014$0.17$0.17$93.12 million$127.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Empire State Realty Trust (NYSE:ESRT)
Current Year EPS Consensus Estimate: $0.92 EPS
Next Year EPS Consensus Estimate: $0.97 EPS

Dividends

Current Dividend Information for Empire State Realty Trust (NYSE:ESRT)
Next Dividend:6/30/2017
Annual Dividend:$0.42
Dividend Yield:2.02%
Dividend Growth:71.40% (3 Year Average)
Payout Ratio:123.53% (Trailing 12 Months of Earnings)
45.65% (Based on This Year's Estimates)
43.30% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Empire State Realty Trust (NYSE:ESRT)

Dividend History by Quarter for Empire State Realty Trust (NYSE:ESRT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/15/2017quarterly$0.112.04%6/13/20176/15/20176/30/2017
2/21/2017quarterly$0.111.95%3/13/20173/15/20173/31/2017
11/25/2016Quarterly$0.112.09%12/13/201612/15/201612/29/2016
9/8/2016quarterly$0.111.97%9/15/20169/19/20169/30/2016
6/2/2016quarterly$0.112.19%6/13/20166/15/20166/30/2016
2/22/2016quarterly$0.092.18%3/14/20163/16/20163/31/2016
12/4/2015quarterly$0.091.86%12/11/201512/15/201512/31/2015
8/26/2015quarterly$0.092.09%9/11/20159/15/20159/30/2015
5/21/2015quarterly$0.091.87%6/11/20156/15/20156/30/2015
2/19/2015quarterly$0.091.86%3/11/20153/13/20153/31/2015
12/1/2014quarterly$0.092.02%12/11/201412/15/201412/31/2014
9/2/2014quarterly$0.092.08%9/11/20149/15/20149/30/2014
5/22/2014quarterly$0.092.05%6/11/20146/13/20146/30/2014
2/21/2014quarterly$0.092.27%3/12/20143/14/20143/31/2014
12/6/2013special$0.0812/12/201312/16/201312/30/2013
12/5/2013quarterly$0.0812/16/201312/30/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Empire State Realty Trust (NYSE:ESRT)
Insider Ownership Percentage: 13.70%
Institutional Ownership Percentage: 82.96%
Insider Trades by Quarter for Empire State Realty Trust (NYSE:ESRT)
Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)
Insider Trades by Quarter for Empire State Realty Trust (NYSE:ESRT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/26/2016Salvatore Michael GilibertoDirectorBuy1,000$15.94$15,940.00View SEC Filing  
8/25/2014Alice ConnellDirectorBuy1,205$16.61$20,015.05View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Empire State Realty Trust (NYSE:ESRT)
Latest Headlines for Empire State Realty Trust (NYSE:ESRT)
Source:
DateHeadline
americanbankingnews.com logo$119.68 Million in Sales Expected for Empire State Realty Trust Inc (ESRT) This Quarter
www.americanbankingnews.com - May 17 at 12:00 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Announces $0.11 Quarterly Dividend
www.americanbankingnews.com - May 15 at 5:48 PM
finance.yahoo.com logoEmpire State Realty Trust Joins Forces with the New York City Department of Youth and Community Development
finance.yahoo.com - May 15 at 11:38 AM
americanbankingnews.com logoZacks: Analysts Expect Empire State Realty Trust Inc (ESRT) Will Announce Earnings of $0.24 Per Share
www.americanbankingnews.com - May 15 at 10:08 AM
finance.yahoo.com logoEmpire State Realty Trust, Inc. Announces Dividend for Second Quarter 2017
finance.yahoo.com - May 12 at 5:34 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : May 11, 2017
finance.yahoo.com - May 11 at 5:40 PM
prnewswire.com logoREIT Stocks on Investors' Radar -- Empire State Realty Trust, Drive Shack, Resource Capital, and RAIT Financial Trust - PR Newswire (press release)
www.prnewswire.com - May 8 at 9:08 AM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Upgraded at TheStreet
www.americanbankingnews.com - May 1 at 6:42 PM
americanbankingnews.com logoEmpire State Realty Trust (ESRT) Given News Impact Score of 0.26
www.americanbankingnews.com - April 30 at 4:33 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : April 28, 2017
finance.yahoo.com - April 28 at 6:07 PM
americanbankingnews.com logoEmpire State Realty Trust (ESRT) Earns Daily Media Sentiment Rating of 0.34
www.americanbankingnews.com - April 27 at 11:02 PM
seekingalpha.com logoEmpire State Realty Trust's (ESRT) CEO Tony Malkin on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - April 27 at 10:37 PM
finance.yahoo.com logoEdited Transcript of ESRT earnings conference call or presentation 27-Apr-17 12:30pm GMT
finance.yahoo.com - April 27 at 10:37 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Posts Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 27 at 12:22 AM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 26 at 11:24 PM
finance.yahoo.com logoEmpire State Realty Trust Announces First Quarter 2017 Results
finance.yahoo.com - April 26 at 10:38 PM
marketbeat.com logoEmpire State Realty Trust reports 1Q results
marketbeat.com - April 26 at 6:09 PM
americanbankingnews.com logo$118.42 Million in Sales Expected for Empire State Realty Trust Inc (ESRT) This Quarter
www.americanbankingnews.com - April 26 at 12:13 PM
americanbankingnews.com logoZacks: Analysts Anticipate Empire State Realty Trust Inc (ESRT) Will Post Earnings of $0.20 Per Share
www.americanbankingnews.com - April 24 at 4:22 PM
americanbankingnews.com logoFavorable Media Coverage Somewhat Likely to Impact Empire State Realty Trust (ESRT) Share Price
www.americanbankingnews.com - April 24 at 3:10 PM
americanbankingnews.com logoEmpire State Realty Trust (ESRT) Earning Somewhat Favorable Media Coverage, Analysis Finds
www.americanbankingnews.com - April 21 at 2:40 PM
americanbankingnews.com logoFavorable Press Coverage Unlikely to Impact Empire State Realty Trust (ESRT) Share Price
www.americanbankingnews.com - April 17 at 3:34 PM
finance.yahoo.com logoCelebrate Easter Weekends With Spectacular Sunrise At The Empire State Building
finance.yahoo.com - April 10 at 4:49 PM
finance.yahoo.com logoEmpire State Realty Trust Announces Dates for First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 10 at 4:49 PM
finance.yahoo.com logoETFs with exposure to Empire State Realty Trust, Inc. : April 7, 2017
finance.yahoo.com - April 7 at 5:01 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : April 5, 2017
finance.yahoo.com - April 7 at 9:42 AM
finance.yahoo.com logoEmpire State Realty Trust, Inc. : ESRT-US: Dividend Analysis : March 15th, 2017 (record date) : By the numbers : April 5, 2017
finance.yahoo.com - April 7 at 9:42 AM
finance.yahoo.com logoEmpire State Realty OP, L.P. Announces Availability of Annual Report
finance.yahoo.com - March 29 at 10:34 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Lowered to "C+" at TheStreet
www.americanbankingnews.com - March 29 at 10:14 AM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Downgraded by TheStreet to "C+"
www.americanbankingnews.com - March 27 at 12:22 AM
finance.yahoo.com logoEmpire State Building Announces Launch Of Destination Midtown App
finance.yahoo.com - March 13 at 11:54 AM
nasdaq.com logoEmpire State Realty Trust, Inc. (ESRT) Ex-Dividend Date Scheduled for March 13 ...
www.nasdaq.com - March 10 at 11:24 AM
biz.yahoo.com logoEMPIRE STATE REALTY TRUST, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosu
biz.yahoo.com - March 8 at 5:50 PM
businesswire.com logoEmpire State Realty Trust Announces Leslie D. Biddle to Join Board ... - Business Wire (press release)
www.businesswire.com - March 7 at 9:56 PM
finance.yahoo.com logoEmpire State Realty Trust Announces Leslie D. Biddle to Join Board of Directors
finance.yahoo.com - March 7 at 9:56 PM
finance.yahoo.com logoEmpire State Realty Trust Signs Nearly 150,000 Sq. Ft. in Five Months across Greater New York Metro Portfolio
finance.yahoo.com - March 2 at 5:20 PM
finance.yahoo.com logoEmpire State Realty Trust Signs Nearly 150,000 Sq. Ft. in Five Months across Greater New York Metro Portfolio
finance.yahoo.com - March 2 at 5:20 PM
finance.yahoo.com logoEmpire State Realty Trust to Present at the Citi 2017 Global Property CEO Conference
finance.yahoo.com - February 28 at 5:14 PM
finance.yahoo.com logoEdited Transcript of ESRT earnings conference call or presentation 23-Feb-17 1:30pm GMT
finance.yahoo.com - February 23 at 10:05 PM
us.rd.yahoo.com logo4:19 pm Empire State Realty Trust beats by $0.02, beats on revs
us.rd.yahoo.com - February 23 at 3:20 AM
finance.yahoo.com logoEmpire State Realty Trust reports 4Q results - Yahoo Finance
finance.yahoo.com - February 22 at 10:19 PM
reuters.com logoBRIEF-Empire State Realty Trust Q4 core FFO per share $0.25
www.reuters.com - February 22 at 5:18 PM
us.rd.yahoo.com logoEmpire State Realty Trust Announces Fourth Quarter 2016 Results
us.rd.yahoo.com - February 22 at 5:18 PM
prnewswire.com logoEmpire State Realty Trust Welcomes Mt. Sinai's Corporate Offices to 250 West 57th Street - PR Newswire (press release)
www.prnewswire.com - February 18 at 4:44 PM
seekingalpha.com logoEmpire State Realty Trust declares $0.105 dividend
seekingalpha.com - February 17 at 5:29 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. Announces Dividend for First Quarter 2017
finance.yahoo.com - February 17 at 5:28 PM
finance.yahoo.com logoEmpire State Realty Trust Welcomes Mt. Sinai's Corporate Offices to 250 West 57th Street
finance.yahoo.com - February 17 at 5:28 PM
prnewswire.com logoEmpire State Realty Trust Adds National Spirits Distributor to Full-Floor Roster at 10 Bank Street - PR Newswire (press release)
www.prnewswire.com - February 13 at 10:56 PM
finance.yahoo.com logoEmpire State Realty Trust Adds National Spirits Distributor to Full-Floor Roster at 10 Bank Street
finance.yahoo.com - February 13 at 5:52 PM
finance.yahoo.com logoEmpire State Building Announces Winners Of 2017 Valentine's Day Wedding Contest
finance.yahoo.com - February 10 at 5:34 PM

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Empire State Realty Trust (ESRT) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff