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Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Is Gold Really Boring? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Is Gold Really Boring? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
NYSE:ESRT

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

$9.82
+0.09 (+0.93%)
(As of 02/21/2024 ET)
Today's Range
$9.70
$9.98
50-Day Range
$9.37
$10.25
52-Week Range
$5.39
$10.32
Volume
1.63 million shs
Average Volume
1.05 million shs
Market Capitalization
$1.59 billion
P/E Ratio
31.66
Dividend Yield
1.43%
Price Target
$8.65

Empire State Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
11.9% Downside
$8.65 Price Target
Short Interest
Healthy
4.80% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.69
Upright™ Environmental Score
News Sentiment
0.86mentions of Empire State Realty Trust in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.83 out of 5 stars

Finance Sector

244th out of 848 stocks

Real Estate Investment Trusts Industry

51st out of 176 stocks


ESRT stock logo

About Empire State Realty Trust Stock (NYSE:ESRT)

Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years. As of September 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units across three multifamily properties.

ESRT Stock Price History

ESRT Stock News Headlines

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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Empire State Realty Trust Inc (ESRT)
Empire State Realty Trust Inc's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/29 Dividend
12/15/2023
Dividend Payable
12/29/2023
Today
2/22/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
667
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.65
High Stock Price Target
$9.25
Low Stock Price Target
$7.00
Potential Upside/Downside
-11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$40.64 million
Pretax Margin
12.70%

Debt

Sales & Book Value

Annual Sales
$739.57 million
Cash Flow
$1.70 per share
Book Value
$10.45 per share

Miscellaneous

Free Float
139,814,000
Market Cap
$1.59 billion
Optionable
Optionable
Beta
1.30
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Key Executives

  • Mr. Anthony E. Malkin (Age 62)
    Chairman, President & CEO
    Comp: $2.45M
  • Ms. Christina Chiu (Age 43)
    Executive VP, COO & CFO
    Comp: $1.32M
  • Mr. Thomas P. Durels (Age 62)
    Executive Vice President of Real Estate
    Comp: $1.36M
  • Mr. Aaron D. Ratner (Age 36)
    Senior VP & Chief Investment Officer
  • Mr. Stephen V. Horn (Age 37)
    Senior VP & Chief Accounting Officer
  • Mr. Sandy Jacolow
    Senior VP & CTO
  • Ms. Katy Malonoski
    VP & Head of Investor Relations
  • Ms. Heather M. Lawson Houston
    Senior VP, Chief Counsel, Corporate & Secretary
  • Ms. Abigail Rickards
    Senior Vice President of Marketing, Public Relations & Digital
  • Mr. Kevin Vilke
    Senior VP & Chief People Officer














ESRT Stock Analysis - Frequently Asked Questions

Should I buy or sell Empire State Realty Trust stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ESRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ESRT, but not buy additional shares or sell existing shares.
View ESRT analyst ratings
or view top-rated stocks.

What is Empire State Realty Trust's stock price target for 2024?

5 analysts have issued 12 month price targets for Empire State Realty Trust's stock. Their ESRT share price targets range from $7.00 to $9.25. On average, they predict the company's stock price to reach $8.65 in the next year. This suggests that the stock has a possible downside of 11.9%.
View analysts price targets for ESRT
or view top-rated stocks among Wall Street analysts.

How have ESRT shares performed in 2024?

Empire State Realty Trust's stock was trading at $9.69 at the start of the year. Since then, ESRT shares have increased by 1.3% and is now trading at $9.8150.
View the best growth stocks for 2024 here
.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a drop in short interest in January. As of January 31st, there was short interest totaling 6,310,000 shares, a drop of 12.0% from the January 15th total of 7,170,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 4.8% of the company's shares are sold short.
View Empire State Realty Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our ESRT earnings forecast
.

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

Empire State Realty Trust, Inc. (NYSE:ESRT) issued its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by $0.20. Empire State Realty Trust had a trailing twelve-month return on equity of 3.00% and a net margin of 6.92%. During the same period in the previous year, the company earned $0.12 EPS.

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 Friday, December 8th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.035 per share on Friday, December 29th. This represents a $0.14 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, December 15th.
Read our dividend analysis for ESRT
.

Is Empire State Realty Trust a good dividend stock?

Empire State Realty Trust (NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.44%. The dividend payout ratio is 45.16%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ESRT.

What ETFs hold Empire State Realty Trust's stock?

ETFs with the largest weight of Empire State Realty Trust (NYSE:ESRT) stock in their portfolio include U.S. Diversified Real Estate ETF (PPTY).Cambria Global Real Estate ETF (BLDG).

What guidance has Empire State Realty Trust issued on next quarter's earnings?

Empire State Realty Trust updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of 0.900-0.940 for the period, compared to the consensus earnings per share estimate of 0.890. The company issued revenue guidance of -.

What is Anthony E. Malkin's approval rating as Empire State Realty Trust's CEO?

32 employees have rated Empire State Realty Trust Chief Executive Officer Anthony E. Malkin on Glassdoor.com. Anthony E. Malkin has an approval rating of 63% among the company's employees. This puts Anthony E. Malkin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 Exxon Mobil (XOM), QUALCOMM (QCOM), Intel (INTC), Cisco Systems (CSCO), RTX (RTX), Verizon Communications (VZ), Bank of America (BAC), CVS Health (CVS), General Electric (GE) and AT&T (T).

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.76%), Massachusetts Financial Services Co. MA (5.62%), Charles Schwab Investment Management Inc. (2.02%), Legal & General Group Plc (1.60%), Cbre Investment Management Listed Real Assets LLC (1.52%) and Dimensional Fund Advisors LP (1.22%).
View institutional ownership trends
.

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.
Compare Top Brokerages Here.

This page (NYSE:ESRT) was last updated on 2/22/2024 by MarketBeat.com Staff