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NYSE:ESRT

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

$9.84
-0.16 (-1.60%)
(As of 02/28/2024 ET)
Today's Range
$9.84
$10.09
50-Day Range
$9.37
$10.25
52-Week Range
$5.39
$10.32
Volume
1.30 million shs
Average Volume
1.24 million shs
Market Capitalization
$1.60 billion
P/E Ratio
31.74
Dividend Yield
1.42%
Price Target
$8.65

Empire State Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
12.1% Downside
$8.65 Price Target
Short Interest
Bearish
5.36% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.69
Upright™ Environmental Score
News Sentiment
0.64mentions of Empire State Realty Trust in the last 14 days
Based on 10 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.

3.18 out of 5 stars

Finance Sector

445th out of 851 stocks

Real Estate Investment Trusts Industry

100th 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Empire State Realty Trust (NYSE:ESRT) Cut to Sell at StockNews.com
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Empire State Realty Trust Inc (ESRT)
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
2/28/2024
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
-12.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$53.24 million
Pretax Margin
12.70%

Debt

Sales & Book Value

Annual Sales
$739.57 million
Cash Flow
$1.66 per share
Book Value
$10.45 per share

Miscellaneous

Free Float
139,814,000
Market Cap
$1.60 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 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, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

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

5 Wall Street research analysts have issued 12-month target prices for Empire State Realty Trust's shares. Their ESRT share price targets range from $7.00 to $9.25. On average, they anticipate the company's stock price to reach $8.65 in the next twelve months. This suggests that the stock has a possible downside of 12.1%.
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 shares have increased by 1.5% and is now trading at $9.84.
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 in February. As of February 15th, there was short interest totaling 7,050,000 shares, an increase of 11.7% from the January 31st total of 6,310,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 5.4% of the shares of the stock 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 were Empire State Realty Trust's earnings last quarter?

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 3.00% and a net margin of 6.92%. During the same period last year, the firm 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 announced a quarterly dividend on Friday, December 8th. Stockholders of record on Monday, December 18th will be given a dividend of $0.035 per share on Friday, December 29th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend 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 1.41%. 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 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 number of retail and institutional investors. Top institutional shareholders 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 2/28/2024 by MarketBeat.com Staff

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