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S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Top 10 Searched Stocks on MarketBeat All-Access
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
3 Dividend Kings With Royally Good Upside
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Top 10 Searched Stocks on MarketBeat All-Access
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
3 Dividend Kings With Royally Good Upside
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
S&P 500   3,933.92
DOW   33,597.92
QQQ   280.53
How To Be Persuasive With Your Body Language
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Low Beta, High Yield Campbell Soup Company Is Mmm Mmm Good
Top 10 Searched Stocks on MarketBeat All-Access
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Microsoft strikes 10-year deal with Nintendo on Call of Duty
3 Dividend Kings With Royally Good Upside
Minerals for Green Revolution a Massive Investor Opportunity (Ad)
Could trawler cams help save world's dwindling fish stocks?
Southwest Airlines brings back dividend as travel rebounds
NYSE:ESRT

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

$6.77
-0.05 (-0.73%)
(As of 12/7/2022 12:00 AM ET)
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Compare
Today's Range
$6.65
$6.89
50-Day Range
$6.38
$7.71
52-Week Range
$6.24
$10.49
Volume
937,895 shs
Average Volume
945,302 shs
Market Capitalization
$1.09 billion
P/E Ratio
56.42
Dividend Yield
2.05%
Price Target
$7.75

Empire State Realty Trust MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
14.5% Upside
$7.75 Price Target
Short Interest
Healthy
8.55% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.76
Upright™ Environmental Score
News Sentiment
1.35mentions of Empire State Realty Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

471st out of 871 stocks

Real Estate Investment Trusts Industry

106th out of 193 stocks

ESRT stock logo

About Empire State Realty Trust (NYSE:ESRT) Stock

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 September 30, 2020, 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. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.

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ESRT Stock News Headlines

BMO Capital Reaffirms Their Hold Rating on Empire State Realty (ESRT)
ESRT Empire State Realty Trust, Inc.
1 Income Stock You Can Buy on Sale Right Now
See More Headlines
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ESRT Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 9/30 Dividend
9/14/2022
Dividend Payable
9/30/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/15/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
693
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.75
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+14.5%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-6,510,000.00
Pretax Margin
5.56%

Debt

Sales & Book Value

Annual Sales
$624.09 million
Cash Flow
$1.21 per share
Book Value
$9.90 per share

Miscellaneous

Free Float
139,968,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
1.10

Key Executives

  • Mr. Anthony E. Malkin (Age 60)
    Chairman, CEO & Pres
    Comp: $2.17M
  • Ms. Christina Chiu (Age 41)
    Exec. VP & CFO
    Comp: $1.17M
  • Mr. Thomas N. Keltner Jr. (Age 76)
    Exec. VP & Gen. Counsel
    Comp: $979.38k
  • Mr. Thomas P. Durels (Age 60)
    Exec. VP of Real Estate
    Comp: $1.2M
  • Mr. Aaron D. Ratner (Age 34)
    Sr. VP & Chief Investment Officer
  • Mr. Stephen Horn (Age 35)
    Sr. VP & Chief Accounting Officer
  • Mr. Sandy Jacolow
    Sr. VP & CTO
  • Mr. Christopher Blackman
    Chief Information Officer
  • Ms. Katy Malonoski
    VP & Head of Investor Relations
  • Ms. Abigail Rickards
    Sr. VP of Marketing, PR & Digital













ESRT Stock - Frequently Asked Questions

Should I buy or sell Empire State Realty Trust stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating 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.

What is Empire State Realty Trust's stock price forecast for 2023?

5 Wall Street analysts have issued 12 month target prices for Empire State Realty Trust's shares. Their ESRT share price forecasts range from $5.00 to $10.00. On average, they anticipate the company's share price to reach $7.75 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts price targets for ESRT
or view top-rated stocks among Wall Street analysts.

How have ESRT shares performed in 2022?

Empire State Realty Trust's stock was trading at $8.90 on January 1st, 2022. Since then, ESRT stock has decreased by 23.9% and is now trading at $6.77.
View the best growth stocks for 2022 here
.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a decline in short interest in November. As of November 15th, there was short interest totaling 11,190,000 shares, a decline of 8.1% from the October 31st total of 12,180,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 9.2 days. Approximately 8.6% of the shares of the stock are sold short.
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, February 15th 2023.
View our ESRT earnings forecast
.

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

Empire State Realty Trust, Inc. (NYSE:ESRT) released its earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) EPS 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 1.36% and a net margin of 3.22%. During the same period last year, the firm posted $0.12 EPS.

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 Wednesday, August 17th. Investors of record on Thursday, September 15th will be paid a dividend of $0.035 per share on Friday, September 30th. This represents a $0.14 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, September 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 2.05%. The dividend payout ratio is 116.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ESRT will have a dividend payout ratio of 16.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

What guidance has Empire State Realty Trust issued on next quarter's earnings?

Empire State Realty Trust issued an update on its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided EPS guidance of $0.83-$0.85 for the period. 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), Raytheon Technologies (RTX), Verizon Communications (VZ), Bank of America (BAC), CVS Health (CVS), General Electric (GE) and AT&T (T).

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."

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.81%), BlackRock Inc. (8.20%), Massachusetts Financial Services Co. MA (6.11%), Credit Suisse AG (5.70%), State Street Corp (4.32%) and Dimensional Fund Advisors LP (1.19%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Empire State Realty Trust's stock price today?

One share of ESRT stock can currently be purchased for approximately $6.77.

How much money does Empire State Realty Trust make?

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.09 billion and generates $624.09 million in revenue each year. The real estate investment trust earns $-6,510,000.00 in net income (profit) each year or $0.12 on an earnings per share basis.

How many employees does Empire State Realty Trust have?

The company employs 693 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 official website for the company is www.empirestaterealtytrust.com. The real estate investment trust can be reached via phone at (212) 687-8700, via email at ir@empirestaterealtytrust.com, or via fax at 212-850-2751.

This page (NYSE:ESRT) was last updated on 12/8/2022 by MarketBeat.com Staff