Empire State Realty Trust - ESRT Stock Forecast, Price & News

6 Wall Street research 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 3 buy ratings for the stock. The consensus among Wall Street research 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.

6 brokerages have issued 1-year target prices for Empire State Realty Trust's stock. Their ESRT share price forecasts range from $6.00 to $10.00. On average, they predict the company's share price to reach $8.35 in the next year. This suggests a possible upside of 39.4% from the stock's current price.
View analysts price targets for ESRT or view top-rated stocks among Wall Street analysts.

Empire State Realty Trust's stock was trading at $6.74 at the beginning of the year. Since then, ESRT stock has decreased by 11.1% and is now trading at $5.99.
View the best growth stocks for 2023 here.

Empire State Realty Trust saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 11,560,000 shares, a decrease of 5.1% from the February 13th total of 12,180,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 10.8 days. Currently, 8.9% of the shares of the company are sold short.
View Empire State Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our ESRT earnings forecast.

Empire State Realty Trust, Inc. (NYSE:ESRT) released its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share 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 2.31% and a net margin of 5.30%. During the same period in the prior year, the company posted $0.12 EPS.

Empire State Realty Trust announced a quarterly dividend on Friday, March 3rd. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.035 per share on Friday, March 31st. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for ESRT.

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), Cultivar ETF (CVAR), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR), FlexShares Global Quality Real Estate Index Fund (GQRE), iShares Environmentally Aware Real Estate ETF (ERET) and Dimensional US Real Estate ETF (DFAR).

Empire State Realty Trust (NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 2.24%. The dividend payout ratio is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ESRT will have a dividend payout ratio of 15.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

Empire State Realty Trust issued an update on its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of $0.82-$0.86 for the period. The company issued revenue guidance of -.

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.

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), Raytheon Technologies (RTX), Verizon Communications (VZ), Bank of America (BAC), CVS Health (CVS), General Electric (GE) and AT&T (T).

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

Empire State Realty Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Credit Suisse AG (6.35%), Southeastern Asset Management Inc. TN (5.12%), Equity Investment Corp (3.37%), William Blair Investment Management LLC (2.49%), Legal & General Group Plc (1.76%) and Geode Capital Management LLC (1.69%).
View institutional ownership trends.

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

One share of ESRT stock can currently be purchased for approximately $5.99.

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $966.91 million and generates $727.04 million in revenue each year. The real estate investment trust earns $40.64 million in net income (profit) each year or $0.22 on an earnings per share basis.

The company employs 693 workers across the globe.

Empire State Realty Trust's mailing address is 111 WEST 33RD STREET 12TH FL, NEW YORK NY, 10120. The official website for the company is www.empirestaterealtytrust.com. The real estate investment trust can be reached via phone at (212) 850-2600, via email at ir@empirestaterealtytrust.com, or via fax at 212-850-2751.