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NYSE:ESRT

Empire State Realty Trust Stock Forecast, Price & News

$5.96
+0.17 (+2.94 %)
(As of 09/24/2020 10:55 AM ET)
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Today's Range
$5.75
Now: $5.96
$6.04
50-Day Range
$5.95
MA: $6.40
$6.74
52-Week Range
$5.79
Now: $5.96
$14.91
Volume64,729 shs
Average Volume2.39 million shs
Market Capitalization$1.03 billion
P/E Ratio45.85
Dividend Yield6.95%
Beta0.65
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), 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 world's most famous building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of December 31, 2018, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.
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Empire State Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.22 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-687-8700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$731.34 million
Cash Flow$1.26 per share
Book Value$10.71 per share

Profitability

Net Income$51.19 million

Miscellaneous

Employees813
Market Cap$1.03 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$5.96
+0.17 (+2.94 %)
(As of 09/24/2020 10:55 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has Empire State Realty Trust's stock been impacted by Coronavirus (COVID-19)?

Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ESRT stock has decreased by 44.1% and is now trading at $5.96.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Empire State Realty Trust?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Empire State Realty Trust
.

When is Empire State Realty Trust's next earnings date?

Empire State Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Empire State Realty Trust
.

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

Empire State Realty Trust Inc (NYSE:ESRT) released its quarterly earnings results on Wednesday, July, 29th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.03. The real estate investment trust had revenue of $138 million for the quarter, compared to analyst estimates of $144.66 million. Empire State Realty Trust had a return on equity of 1.48% and a net margin of 3.97%.
View Empire State Realty Trust's earnings history
.

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

Empire State Realty Trust declared a quarterly dividend on Tuesday, June 9th. Investors of record on Friday, June 19th will be paid a dividend of $0.105 per share on Tuesday, June 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 7.05%. The ex-dividend date of this dividend is Thursday, June 18th.
View Empire State Realty Trust's dividend history
.

What price target have analysts set for ESRT?

5 Wall Street analysts have issued 12 month price targets for Empire State Realty Trust's stock. Their forecasts range from $6.50 to $15.00. On average, they expect Empire State Realty Trust's stock price to reach $9.90 in the next year. This suggests a possible upside of 66.1% from the stock's current price.
View analysts' price targets for Empire State Realty Trust
.

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

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Empire State Realty Trust investors own include QUALCOMM (QCOM), Exxon Mobil (XOM), Intel (INTC), Cisco Systems (CSCO), Raytheon Technologies (RTX), Verizon Communications (VZ), Alibaba Group (BABA), CVS Health (CVS), General Electric (GE) and AT&T (T).

Who are Empire State Realty Trust's key executives?

Empire State Realty Trust's management team includes the following people:
  • Mr. Anthony E. Malkin, Chairman & CEO (Age 57)
  • Mr. John B. Kessler, Pres & COO (Age 54)
  • Mr. David A. Karp, Exec. VP & CFO (Age 59)
  • Mr. Thomas N. Keltner Jr., Exec. VP, Gen. Counsel & Sec. (Age 73)
  • Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 57)

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."

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.17%), Balyasny Asset Management LLC (2.08%), Lasalle Investment Management Securities LLC (1.92%), Resolution Capital Ltd (1.65%), FMR LLC (1.59%) and Goldman Sachs Group Inc. (1.08%).
View institutional ownership trends for Empire State Realty Trust
.

Which institutional investors are selling Empire State Realty Trust stock?

ESRT stock was sold by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Vanguard Group Inc., Russell Investments Group Ltd., Charles Schwab Investment Management Inc., Sei Investments Co., Goldman Sachs Group Inc., Man Group plc, and WINTON GROUP Ltd.
View insider buying and selling activity for Empire State Realty Trust
.

Which institutional investors are buying Empire State Realty Trust stock?

ESRT stock was bought by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Lasalle Investment Management Securities LLC, Waterfront Capital Partners LLC, Nordea Investment Management AB, Bank of America Corp DE, Cubist Systematic Strategies LLC, AQR Capital Management LLC, and Raymond James & Associates.
View insider buying and selling activity for Empire State Realty Trust
.

How do I buy shares of Empire State Realty Trust?

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

What is Empire State Realty Trust's stock price today?

One share of ESRT stock can currently be purchased for approximately $5.96.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $1.03 billion and generates $731.34 million in revenue each year. The real estate investment trust earns $51.19 million in net income (profit) each year or $0.90 on an earnings per share basis. Empire State Realty Trust employs 813 workers across the globe.

What is Empire State Realty Trust's official website?

The official website for Empire State Realty Trust is www.empirestaterealtytrust.com.

How can I contact Empire State Realty Trust?

Empire State Realty Trust's mailing address is 111 WEST 33RD STREET 12TH FL, NEW YORK NY, 10120. The real estate investment trust can be reached via phone at 212-687-8700 or via email at [email protected]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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