Empire State Realty Trust Company Profile (NYSE:ESRT)

About Empire State Realty Trust (NYSE:ESRT)

Empire State Realty Trust logoEmpire State Realty Trust, Inc. is a real estate investment trust. The Company 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 Company operates through two segments: Real Estate and Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. As of December 31, 2016, its portfolio consisted of 14 office properties and six standalone retail properties totaling approximately 10.1 million rentable square feet. The Company's properties include One Grand Central Place, 1400 Broadway, 111 West 33rd Street, 250 West 57th Street, 1359 Broadway and 1333 Broadway.

Industry, Sector and Symbol: Capitalization:
  • Market Cap: $3.21 billion
  • Outstanding Shares: 157,954,000
Average Prices:
  • 50 Day Moving Avg: $20.86
  • 200 Day Moving Avg: $20.81
  • 52 Week Range: $18.62 - $22.31
P/E:
  • Trailing P/E Ratio: 53.76
  • Foreward P/E Ratio: 101.60
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $672.28 million
  • Price / Sales: 4.77
  • Book Value: $7.33 per share
  • Price / Book: 2.77
Dividend:
  • Annual Dividend: $0.42
  • Dividend Yield: 2.0%
Profitability:
  • EBIDTA: $321.16 million
  • Net Margins: 11.02%
  • Return on Equity: 3.88%
  • Return on Assets: 1.88%
Debt:
  • Debt-to-Equity Ratio: 0.81%
  • Current Ratio: 6.14%
  • Quick Ratio: 6.14%
Misc:
  • Average Volume: 882,462 shs.
  • Beta: 1.01
  • Short Ratio: 11
 

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

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 announced a quarterly dividend on Monday, May 15th. Investors of record on Thursday, June 15th will be paid a dividend of $0.105 per share on Friday, June 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, June 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, April, 26th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.01. The firm had revenue of $164.95 million for the quarter, compared to the consensus estimate of $118.20 million. Empire State Realty Trust had a return on equity of 3.88% and a net margin of 11.02%. Empire State Realty Trust's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. View Empire State Realty Trust's Earnings History.

When will Empire State Realty Trust make its next earnings announcement?

Empire State Realty Trust is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Empire State Realty Trust.

Where is Empire State Realty Trust's stock going? Where will Empire State Realty Trust's stock price be in 2017?

5 equities research analysts have issued twelve-month price objectives for Empire State Realty Trust's stock. Their forecasts range from $20.00 to $24.00. On average, they anticipate Empire State Realty Trust's stock price to reach $22.20 in the next twelve months. View Analyst Ratings for Empire State Realty Trust.

Who are some of Empire State Realty Trust's key competitors?

Who are Empire State Realty Trust's key executives?

Empire State Realty Trust's management team includes the folowing people:

  • Anthony Edward Malkin, Chairman of the Board, Chief Executive Officer
  • John B. Kessler, President, Chief Operating Officer
  • David A. Karp, Chief Financial Officer, Executive Vice President, Treasurer
  • Thomas N. Keltner Jr., Executive Vice President, General Counsel, Secretary
  • Thomas P. Durels, Executive Vice President, Director of Leasing & Operations
  • Peter L. Malkin, Chairman Emeritus
  • William H. Berkman, Independent Director
  • Leslie Dougherty Biddle, Independent Director
  • Thomas J. DeRosa, Independent Director
  • Steven J. Gilbert, Independent Director

Who owns Empire State Realty Trust stock?

Empire State Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Real Estate Management Services LLC (0.70%), Bank of Montreal Can (0.09%), State of Alaska Department of Revenue (0.06%), BLB&B Advisors LLC (0.05%), Pensionfund DSM Netherlands (0.04%) and Kissinger Financial Services LLC (0.03%). View Institutional Ownership Trends for Empire State Realty Trust.

Who sold Empire State Realty Trust stock? Who is selling Empire State Realty Trust stock?

Empire State Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including US Bancorp DE and Capital Management Corp VA. View Insider Buying and Selling for Empire State Realty Trust.

Who bought Empire State Realty Trust stock? Who is buying Empire State Realty Trust stock?

Empire State Realty Trust's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, State of Alaska Department of Revenue, Aperio Group LLC and Kissinger Financial Services LLC. View Insider Buying and Selling for Empire State Realty Trust.

How do I buy Empire State Realty Trust stock?

Shares of Empire State Realty Trust can be purchased through any online brokerage account. Popular online brokerages 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 Empire State Realty Trust stock can currently be purchased for approximately $20.32.


MarketBeat Community Rating for Empire State Realty Trust (NYSE ESRT)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  68 (Vote Outperform)
Underperform Votes:  126 (Vote Underperform)
Total Votes:  194
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Empire State Realty Trust (NYSE:ESRT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.40)
Consensus Price Target: $22.20 (9.25% upside)

Analysts' Ratings History for Empire State Realty Trust (NYSE:ESRT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/22/2017Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral -> Neutral$21.00LowView Rating Details
5/31/2017BMO Capital MarketsSet Price TargetBuy$23.00LowView Rating Details
5/31/2017Evercore ISIInitiated CoverageIn -> In-Line$23.00LowView Rating Details
11/30/2016Wells Fargo & CompanySet Price TargetHold$20.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$24.00N/AView Rating Details
3/28/2016Cowen and CompanyInitiated CoverageOutperform$20.00N/AView Rating Details
2/24/2016Stifel NicolausLower Price TargetBuy$20.00 -> $18.00N/AView Rating Details
(Data available from 7/21/2015 forward)

Earnings

Earnings History for Empire State Realty Trust (NYSE:ESRT)
Earnings by Quarter for Empire State Realty Trust (NYSE:ESRT)
Earnings History by Quarter for Empire State Realty Trust (NYSE ESRT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/25/2017        
4/26/2017Q1 2017$0.20$0.21$118.20 million$164.95 millionViewN/AView Earnings Details
2/22/2017Q416$0.23$0.25$117.30 million$179.26 millionViewN/AView Earnings Details
7/27/2016Q216$0.26$0.24$116.59 million$165.80 millionViewN/AView Earnings Details
4/27/2016Q116$0.20$0.21$130.79 million$157.10 millionViewN/AView Earnings Details
2/22/2016Q415$0.23$0.24$113.55 million$165.20 millionViewListenView Earnings Details
10/28/2015Q315$0.26$0.27$114.12 million$175.80 millionViewListenView Earnings Details
7/29/2015Q215$0.23$0.26$110.94 million$112.90 millionViewListenView Earnings Details
4/28/2015Q115$0.19$0.20$111.82 million$151.88 millionViewN/AView Earnings Details
2/25/2015Q414$0.20$0.25$121.99 million$170.40 millionViewN/AView Earnings Details
10/29/2014Q314$0.22$0.25$114.90 million$169.40 millionViewN/AView Earnings Details
7/30/2014Q1$0.21$0.22$91.29 million$155.17 millionViewN/AView Earnings Details
5/6/2014Q1 2014$0.15$0.17$88.52 million$90.20 millionViewN/AView Earnings Details
2/27/2014$0.17$0.17$93.12 million$127.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Empire State Realty Trust (NYSE:ESRT)
Current Year EPS Consensus Estimate: $0.92 EPS
Next Year EPS Consensus Estimate: $0.20 EPS

Dividends

Current Dividend Information for Empire State Realty Trust (NYSE:ESRT)
Most Recent Dividend:6/30/2017
Annual Dividend:$0.42
Dividend Yield:2.07%
Dividend Growth:71.40% (3 Year Average)
Payout Ratio:110.53% (Trailing 12 Months of Earnings)
45.65% (Based on This Year's Estimates)
210.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Empire State Realty Trust (NYSE:ESRT)

Dividend History by Quarter for Empire State Realty Trust (NYSE ESRT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/15/2017quarterly$0.112.04%6/13/20176/15/20176/30/2017
2/21/2017quarterly$0.111.95%3/13/20173/15/20173/31/2017
11/25/2016Quarterly$0.112.09%12/13/201612/15/201612/29/2016
9/8/2016quarterly$0.111.97%9/15/20169/19/20169/30/2016
6/2/2016quarterly$0.112.19%6/13/20166/15/20166/30/2016
2/22/2016quarterly$0.092.18%3/14/20163/16/20163/31/2016
12/4/2015quarterly$0.091.86%12/11/201512/15/201512/31/2015
8/26/2015quarterly$0.092.09%9/11/20159/15/20159/30/2015
5/21/2015quarterly$0.091.87%6/11/20156/15/20156/30/2015
2/19/2015quarterly$0.091.86%3/11/20153/13/20153/31/2015
12/1/2014quarterly$0.092.02%12/11/201412/15/201412/31/2014
9/2/2014quarterly$0.092.08%9/11/20149/15/20149/30/2014
5/22/2014quarterly$0.092.05%6/11/20146/13/20146/30/2014
2/21/2014quarterly$0.092.27%3/12/20143/14/20143/31/2014
12/6/2013special$0.0812/12/201312/16/201312/30/2013
12/5/2013quarterly$0.0812/16/201312/30/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Empire State Realty Trust (NYSE:ESRT)
Insider Ownership Percentage: 11.80%
Institutional Ownership Percentage: 83.22%
Insider Trades by Quarter for Empire State Realty Trust (NYSE:ESRT)
Institutional Ownership by Quarter for Empire State Realty Trust (NYSE:ESRT)
Insider Trades by Quarter for Empire State Realty Trust (NYSE:ESRT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/26/2016Salvatore Michael GilibertoDirectorBuy1,000$15.94$15,940.00View SEC Filing  
8/25/2014Alice ConnellDirectorBuy1,205$16.61$20,015.05View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Empire State Realty Trust (NYSE:ESRT)
Latest Headlines for Empire State Realty Trust (NYSE:ESRT)
Source:
DateHeadline
prnewswire.com logoEmpire State Building And iHeartHedia Premiere New Music-To-Light Show Featuring The King Of Bachata Romeo ... - PR Newswire (press release)
www.prnewswire.com - July 20 at 3:57 PM
finance.yahoo.com logoEmpire State Building And iHeartHedia Premiere New Music-To-Light Show Featuring The King Of Bachata Romeo Santos
finance.yahoo.com - July 20 at 3:57 PM
finance.yahoo.com logoCelebrate Summer At The Empire State Building
finance.yahoo.com - July 17 at 7:22 PM
americanbankingnews.com logoEmpire State Realty Trust (NYSE:ESRT) vs. Douglas Emmett (DEI) Head to Head Review
www.americanbankingnews.com - July 9 at 6:18 PM
finance.yahoo.com logoEmpire State Realty Trust Announces Dates for Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 8 at 10:37 AM
americanbankingnews.com logo$119.96 Million in Sales Expected for Empire State Realty Trust, Inc. (ESRT) This Quarter
www.americanbankingnews.com - July 7 at 1:32 PM
americanbankingnews.com logo$0.24 Earnings Per Share Expected for Empire State Realty Trust, Inc. (NYSE:ESRT) This Quarter
www.americanbankingnews.com - July 5 at 2:06 PM
fool.com logoHere's Why Parkway Inc. Shares Are Soaring by 12% Today - Motley Fool
www.fool.com - June 30 at 11:44 PM
prnewswire.com logoiCapital® Network Leases Full Floor at Empire State Realty Trust's One Grand Central Place - PR Newswire (press release)
www.prnewswire.com - June 30 at 11:44 PM
finance.yahoo.com logoHere's Why Parkway Inc. Shares Are Soaring by 12% Today
finance.yahoo.com - June 30 at 6:42 PM
prnewswire.com logoEmpire State Realty Trust Launches Sixth Annual Photo Contest - PR Newswire (press release)
www.prnewswire.com - June 28 at 6:47 PM
finance.yahoo.com logoiCapital® Network Leases Full Floor at Empire State Realty Trust's One Grand Central Place
finance.yahoo.com - June 28 at 6:47 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : June 28, 2017
finance.yahoo.com - June 28 at 1:46 PM
finance.yahoo.com logoEmpire State Realty Trust Launches Sixth Annual Photo Contest
finance.yahoo.com - June 28 at 1:46 PM
americanbankingnews.com logoEmpire State Realty Trust, Inc. (ESRT) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 27 at 8:42 AM
benzinga.com logoGoldman On REITs: Buy SL Green, Sell Paramount Group - Benzinga
www.benzinga.com - June 22 at 5:38 PM
prnewswire.com logoEmpire State Building And iHeartMedia New York's Q104.3 To Premiere Music-To-Light Show During Live ... - PR Newswire (press release)
www.prnewswire.com - June 22 at 5:38 PM
finance.yahoo.com logoEmpire State Building And iHeartMedia New York's Q104.3 To Premiere Music-To-Light Show During Live Performance By Dead & Company
finance.yahoo.com - June 22 at 5:38 PM
americanbankingnews.com logoEmpire State Realty Trust, Inc. (ESRT) Given "Neutral" Rating at Goldman Sachs Group, Inc. (The)
www.americanbankingnews.com - June 22 at 9:30 AM
americanbankingnews.com logoHead-To-Head Contrast: Empire State Realty Trust (ESRT) and Arbor Realty Trust (ABR)
www.americanbankingnews.com - June 20 at 6:50 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. : ESRT-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 15, 2017
finance.yahoo.com - June 15 at 7:07 PM
finance.yahoo.com logoStay away from bitcoin — it’s complete garbage
finance.yahoo.com - June 15 at 7:07 PM
nasdaq.com logoEmpire State Realty Trust, Inc. (ESRT) Ex-Dividend Date Scheduled for June 13, 2017 - Nasdaq
www.nasdaq.com - June 13 at 11:49 AM
americanbankingnews.com logo$119.96 Million in Sales Expected for Empire State Realty Trust Inc (ESRT) This Quarter
www.americanbankingnews.com - June 11 at 8:52 AM
americanbankingnews.com logoZacks: Analysts Expect Empire State Realty Trust Inc (ESRT) to Announce $0.24 EPS
www.americanbankingnews.com - June 9 at 4:30 PM
prnewswire.com logoEmpire State Building Exclusive 4th Of July Celebration - PR Newswire (press release)
www.prnewswire.com - June 6 at 10:27 PM
finance.yahoo.com logoEmpire State Building Exclusive 4th Of July Celebration
finance.yahoo.com - June 6 at 5:27 PM
finance.yahoo.com logoEmpire State Realty Trust to Present at NAREIT’s REITWeek 2017
finance.yahoo.com - June 1 at 5:47 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Given a $23.00 Price Target by BMO Capital Markets Analysts
www.americanbankingnews.com - June 1 at 4:14 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 31 at 10:32 AM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Now Covered by Analysts at Evercore ISI
www.americanbankingnews.com - May 31 at 8:40 AM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : May 29, 2017
finance.yahoo.com - May 29 at 10:45 AM
finance.yahoo.com logoEmpire State Realty Trust Signs 80,900 Sq. Ft. at 111 West 33rd Street
finance.yahoo.com - May 24 at 4:52 PM
americanbankingnews.com logoTheStreet Downgrades Empire State Realty Trust Inc (ESRT) to C+
www.americanbankingnews.com - May 23 at 6:16 PM
finance.yahoo.com logoThe Empire State Building (ESB) Launches ESB AM/PM Combo Pass
finance.yahoo.com - May 23 at 12:06 PM
americanbankingnews.com logo$119.68 Million in Sales Expected for Empire State Realty Trust Inc (ESRT) This Quarter
www.americanbankingnews.com - May 17 at 12:00 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Announces $0.11 Quarterly Dividend
www.americanbankingnews.com - May 15 at 5:48 PM
finance.yahoo.com logoEmpire State Realty Trust Joins Forces with the New York City Department of Youth and Community Development
finance.yahoo.com - May 15 at 11:38 AM
americanbankingnews.com logoZacks: Analysts Expect Empire State Realty Trust Inc (ESRT) Will Announce Earnings of $0.24 Per Share
www.americanbankingnews.com - May 15 at 10:08 AM
finance.yahoo.com logoEmpire State Realty Trust, Inc. Announces Dividend for Second Quarter 2017
finance.yahoo.com - May 12 at 5:34 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : May 11, 2017
finance.yahoo.com - May 11 at 5:40 PM
prnewswire.com logoREIT Stocks on Investors' Radar -- Empire State Realty Trust, Drive Shack, Resource Capital, and RAIT Financial Trust - PR Newswire (press release)
www.prnewswire.com - May 8 at 9:08 AM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Upgraded at TheStreet
www.americanbankingnews.com - May 1 at 6:42 PM
americanbankingnews.com logoEmpire State Realty Trust (ESRT) Given News Impact Score of 0.26
www.americanbankingnews.com - April 30 at 4:33 PM
finance.yahoo.com logoEmpire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : April 28, 2017
finance.yahoo.com - April 28 at 6:07 PM
americanbankingnews.com logoEmpire State Realty Trust (ESRT) Earns Daily Media Sentiment Rating of 0.34
www.americanbankingnews.com - April 27 at 11:02 PM
seekingalpha.com logoEmpire State Realty Trust's (ESRT) CEO Tony Malkin on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - April 27 at 10:37 PM
finance.yahoo.com logoEdited Transcript of ESRT earnings conference call or presentation 27-Apr-17 12:30pm GMT
finance.yahoo.com - April 27 at 10:37 PM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Posts Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - April 27 at 12:22 AM
americanbankingnews.com logoEmpire State Realty Trust Inc (ESRT) Issues Quarterly Earnings Results
www.americanbankingnews.com - April 26 at 11:24 PM

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Chart

Empire State Realty Trust (ESRT) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by MarketBeat.com Staff