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

$13.92
+0.04 (+0.29 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$13.89
Now: $13.92
$14.04
50-Day Range
$13.63
MA: $14.22
$14.78
52-Week Range
$12.77
Now: $13.92
$16.47
Volume1.13 million shs
Average Volume1.12 million shs
Market Capitalization$2.52 billion
P/E Ratio14.20
Dividend Yield3.03%
Beta0.69
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.

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$731.51 million
Cash Flow$1.39 per share
Book Value$11.38 per share

Profitability

Net Income$66.54 million

Miscellaneous

Employees813
Market Cap$2.52 billion
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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

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."

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, August 9th. Investors of record on Monday, September 16th will be given a dividend of $0.105 per share on Monday, September 30th. This represents a $0.42 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, September 13th. View Empire State Realty Trust's Dividend History.

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

Empire State Realty Trust Inc (NYSE:ESRT) posted its quarterly earnings results on Wednesday, October, 23rd. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.14. The real estate investment trust had revenue of $150.23 million for the quarter, compared to analysts' expectations of $125.22 million. Empire State Realty Trust had a return on equity of 3.26% and a net margin of 8.70%. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. View Empire State Realty Trust's Earnings History.

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

Empire State Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Empire State Realty Trust.

What price target have analysts set for ESRT?

3 analysts have issued 12 month target prices for Empire State Realty Trust's shares. Their forecasts range from $15.00 to $15.00. On average, they expect Empire State Realty Trust's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price. View Analyst Price Targets for Empire State Realty Trust.

What is the consensus analysts' recommendation for Empire State Realty Trust?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Empire State Realty Trust.

Has Empire State Realty Trust been receiving favorable news coverage?

Media stories about ESRT stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Empire State Realty Trust earned a coverage optimism score of -2.6 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Empire State Realty Trust.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,150,000 shares, a drop of 18.1% from the October 31st total of 5,070,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.8% of the company's stock are sold short. View Empire State Realty Trust's Current Options Chain.

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 Exxon Mobil (XOM), Ford Motor (F), Bank of America (BAC), General Electric (GE), Cypress Semiconductor (CY), Medical Properties Trust (MPW), Corning (GLW), Kinder Morgan (KMI), Sabra Health Care REIT (SBRA) and Whole Foods Market (WFM).

Who are Empire State Realty Trust's key executives?

Empire State Realty Trust's management team includes the folowing 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)

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Resolution Capital Ltd (3.92%), State Street Corp (3.19%), Russell Investments Group Ltd. (0.85%), Man Group plc (0.44%), Chartwell Investment Partners LLC (0.30%) and Virginia Retirement Systems ET AL (0.19%). Company insiders that own Empire State Realty Trust stock include David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Institutional Ownership Trends for Empire State Realty Trust.

Which major investors are selling Empire State Realty Trust stock?

ESRT stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, Resolution Capital Ltd, Virginia Retirement Systems ET AL, State of Alaska Department of Revenue, Chartwell Investment Partners LLC, Perpetual Ltd, Envestnet Asset Management Inc. and Strs Ohio. View Insider Buying and Selling for Empire State Realty Trust.

Which major investors are buying Empire State Realty Trust stock?

ESRT stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., State Street Corp, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Chilton Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., Nisa Investment Advisors LLC and Mackay Shields LLC. Company insiders that have bought Empire State Realty Trust stock in the last two years include David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Insider Buying and Selling 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 $13.92.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $2.52 billion and generates $731.51 million in revenue each year. The real estate investment trust earns $66.54 million in net income (profit) each year or $0.98 on an earnings per share basis. Empire State Realty Trust employs 813 workers across the globe.View Additional Information About Empire State Realty Trust.

What is Empire State Realty Trust's official website?

The official website for Empire State Realty Trust is http://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]


MarketBeat Community Rating for Empire State Realty Trust (NYSE ESRT)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  205 (Vote Outperform)
Underperform Votes:  318 (Vote Underperform)
Total Votes:  523
MarketBeat's community ratings are surveys of what our community members think about Empire State Realty Trust and other stocks. Vote "Outperform" if you believe ESRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ESRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/7/2019 by MarketBeat.com Staff

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