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

$9.57
+0.25 (+2.68%)
(As of 02:09 PM ET)
Today's Range
$9.25
$9.68
50-Day Range
$8.92
$10.15
52-Week Range
$5.43
$10.32
Volume
564,514 shs
Average Volume
1.11 million shs
Market Capitalization
$1.57 billion
P/E Ratio
30.87
Dividend Yield
1.46%
Price Target
$8.33

Empire State Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
12.7% Downside
$8.33 Price Target
Short Interest
Bearish
5.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.36
Upright™ Environmental Score
News Sentiment
1.52mentions of Empire State Realty Trust in the last 14 days
Based on 3 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.

3.05 out of 5 stars

Finance Sector

482nd out of 838 stocks

Real Estate Investment Trusts Industry

97th out of 171 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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Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/23/2024
Next Earnings (Confirmed)
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
666
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.33
High Stock Price Target
$9.00
Low Stock Price Target
$7.00
Potential Upside/Downside
-13.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$53.24 million
Pretax Margin
11.78%

Debt

Sales & Book Value

Annual Sales
$739.57 million
Cash Flow
$1.66 per share
Book Value
$10.62 per share

Miscellaneous

Free Float
141,088,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.30
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Key Executives

  • Mr. Anthony E. Malkin (Age 62)
    Chairman & CEO
    Comp: $2.45M
  • Ms. Christina Chiu (Age 42)
    President
    Comp: $1.32M
  • Mr. Thomas P. Durels (Age 62)
    Executive Vice President of Real Estate
    Comp: $1.36M
  • Mr. Stephen V. Horn (Age 37)
    Executive VP, Chief Financial & Accounting Officer
  • Mr. Aaron D. Ratner (Age 36)
    Senior VP & Chief Investment 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?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ESRT shares.
View ESRT analyst ratings
or view top-rated stocks.

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

3 brokerages have issued 12-month price objectives for Empire State Realty Trust's shares. Their ESRT share price targets range from $7.00 to $9.00. On average, they anticipate the company's stock price to reach $8.33 in the next twelve months. This suggests that the stock has a possible downside of 12.7%.
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 beginning of 2024. Since then, ESRT stock has decreased by 1.4% and is now trading at $9.55.
View the best growth stocks for 2024 here
.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 7,820,000 shares, an increase of 8.8% from the March 15th total of 7,190,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is currently 7.0 days. Currently, 5.9% of the shares of the company are short sold.
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 can I listen to Empire State Realty Trust's earnings call?

Empire State Realty Trust will be holding an earnings conference call on Thursday, April 25th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13741461".

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

Empire State Realty Trust, Inc. (NYSE:ESRT) announced its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.20. Empire State Realty Trust had a net margin of 6.92% and a trailing twelve-month return on equity of 2.99%. During the same period in the previous year, the business posted $0.12 earnings per share.

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 Friday, March 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.035 per share on Thursday, March 28th. This represents a $0.14 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 14th.
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 1.53%. The dividend payout ratio is 45.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESRT will have a dividend payout ratio of 14.89% next year. This indicates that the company will be able to sustain or increase its dividend.
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 VanEck Office and Commercial REIT ETF (DESK), ALPS Active REIT ETF (REIT) and 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 issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 0.900-0.940 for the period, compared to the consensus EPS 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 number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.09%), Vert Asset Management LLC (0.03%), Monument Capital Management (0.03%), Benin Management CORP (0.02%) and Allspring Global Investments Holdings LLC (0.01%).
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 4/23/2024 by MarketBeat.com Staff

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