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 March 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
SymbolNYSE:ESRT
CUSIPN/A
Phone212-687-8700
Debt
Debt-to-Equity Ratio0.97
Current Ratio9.00
Quick Ratio9.00
Price-To-Earnings
Trailing P/E Ratio17.85
Forward P/E Ratio19.70
P/E Growth4.89
Sales & Book Value
Annual Sales$712.47 million
Price / Sales3.98
Cash Flow$1.7508 per share
Price / Cash9.79
Book Value$12.25 per share
Price / Book1.40
Profitability
EPS (Most Recent Fiscal Year)$0.96
Net Income$63.58 million
Net Margins10.85%
Return on Equity3.94%
Return on Assets1.97%
Miscellaneous
Employees831
Outstanding Shares165,510,000
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 Monday, May 21st. Investors of record on Friday, June 15th will be given a dividend of $0.105 per share on Friday, June 29th. This represents a $0.42 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, June 14th. 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 data on Wednesday, April, 25th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.13. The real estate investment trust earned $122.31 million during the quarter, compared to the consensus estimate of $122.72 million. Empire State Realty Trust had a net margin of 10.85% and a return on equity of 3.94%. View Empire State Realty Trust's Earnings History.
When is Empire State Realty Trust's next earnings date?
What price target have analysts set for ESRT?
3 brokerages have issued 12-month target prices for Empire State Realty Trust's shares. Their forecasts range from $18.00 to $23.00. On average, they expect Empire State Realty Trust's share price to reach $20.00 in the next year. View Analyst Ratings for Empire State Realty Trust.
Who are some of Empire State Realty Trust's key competitors?
Some companies that are related to Empire State Realty Trust include Mid-America Apartment Communities (MAA), SINO Ld Ltd/S (SNLAY), Regency Centers (REG), Duke Realty (DRE), Iron Mountain (IRM), UDR (UDR), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Macerich (MAC), AGNC Investment (AGNC), VICI Properties (VICI), Sun Communities (SUI) and Kilroy Realty (KRC).
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 56)
- Mr. John B. Kessler, Pres & COO (Age 53)
- Mr. David A. Karp, Exec. VP & CFO (Age 58)
- Mr. Thomas N. Keltner Jr., Exec. VP, Gen. Counsel & Sec. (Age 72)
- Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 56)
Has Empire State Realty Trust been receiving favorable news coverage?
News articles about ESRT stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Empire State Realty Trust earned a coverage optimism score of 0.07 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 45.77 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Empire State Realty Trust's major shareholders?
Empire State Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.08%), Daiwa Securities Group Inc. (4.91%), Resolution Capital Ltd (4.42%), Millennium Management LLC (1.56%), American Century Companies Inc. (1.51%) and Dimensional Fund Advisors LP (1.40%). Company insiders that own Empire State Realty Trust stock include Anthony E Malkin, David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Institutional Ownership Trends for Empire State Realty Trust.
Which institutional investors are selling Empire State Realty Trust stock?
ESRT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, American Century Companies Inc., Schroder Investment Management Group, Daiwa Securities Group Inc., Russell Investments Group Ltd., Sei Investments Co., Amundi Pioneer Asset Management Inc. and BlackRock Inc.. View Insider Buying and Selling for Empire State Realty Trust.
Which institutional investors are buying Empire State Realty Trust stock?
ESRT stock was purchased by a variety of institutional investors in the last quarter, including Heitman Real Estate Securities LLC, Resolution Capital Ltd, Citadel Advisors LLC, Nuveen Asset Management LLC, Kempen Capital Management N.V., Mackay Shields LLC, Westpac Banking Corp and Legal & General Group Plc. 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, Scottrade, 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 $17.14.
How big of a company is Empire State Realty Trust?
Empire State Realty Trust has a market capitalization of $2.83 billion and generates $712.47 million in revenue each year. The real estate investment trust earns $63.58 million in net income (profit) each year or $0.96 on an earnings per share basis. Empire State Realty Trust employs 831 workers across the globe.
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 (ESRT)
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.
