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NYSE:ESRTEmpire State Realty Trust Stock Price, Forecast & News

$7.41
+0.50 (+7.24 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$7.26
Now: $7.41
$7.47
50-Day Range
$6.75
MA: $8.06
$9.62
52-Week Range
$6.47
Now: $7.41
$15.96
Volume9.54 million shs
Average Volume2.08 million shs
Market Capitalization$1.30 billion
P/E Ratio30.88
Dividend Yield6.08%
Beta0.83
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.
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Empire State Realty Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.19 out of 5 stars


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$731.34 million
Cash Flow$1.42 per share
Book Value$10.71 per share

Profitability

Net Income$51.19 million

Miscellaneous

Employees813
Market Cap$1.30 billion
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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

How has Empire State Realty Trust's stock been impacted by COVID-19 (Coronavirus)?

Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ESRT shares have decreased by 30.6% and is now trading at $7.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Empire State Realty Trust?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Empire State Realty Trust.

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

Empire State Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Empire State Realty Trust.

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

Empire State Realty Trust Inc (NYSE:ESRT) announced its earnings results on Wednesday, April, 22nd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.15. The real estate investment trust earned $148.11 million during the quarter, compared to analyst estimates of $129.66 million. Empire State Realty Trust had a return on equity of 3.04% and a net margin of 7.96%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. View Empire State Realty Trust's earnings history.

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, February 28th. Investors of record on Monday, March 16th will be given a dividend of $0.105 per share on Tuesday, March 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Friday, March 13th. View Empire State Realty Trust's dividend history.

What price target have analysts set for ESRT?

4 equities research analysts have issued twelve-month target prices for Empire State Realty Trust's shares. Their forecasts range from $7.50 to $15.00. On average, they expect Empire State Realty Trust's stock price to reach $10.38 in the next year. This suggests a possible upside of 40.0% from the stock's current price. View analysts' price targets for Empire State Realty Trust.

Has Empire State Realty Trust been receiving favorable news coverage?

Press coverage about ESRT stock has been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Empire State Realty Trust earned a coverage optimism score of -2.2 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutEmpire State Realty Trust.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,400,000 shares, an increase of 17.0% from the April 30th total of 3,760,000 shares. Based on an average trading volume of 2,230,000 shares, the short-interest ratio is currently 2.0 days. Currently, 3.0% of the shares of the 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), QUALCOMM (QCOM), General Electric (GE), Alibaba Group (BABA), Ford Motor (F), Home Depot (HD), AT&T (T), Verizon Communications (VZ), Bank of America (BAC) and Cisco Systems (CSCO).

Who are Empire State Realty Trust's key executives?

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

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 number of institutional and retail investors. Top institutional shareholders include Cohen & Steers Inc. (11.71%), BlackRock Inc. (5.34%), Southeastern Asset Management Inc. TN (3.95%), Resolution Capital Ltd (2.96%), Centersquare Investment Management LLC (2.92%) and State Street Corp (2.85%). Company insiders that own Empire State Realty Trust stock include David A Karp and Quark Holding Llc. 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 Invesco Ltd., JPMorgan Chase & Co., Alliancebernstein L.P., Centersquare Investment Management LLC, Balyasny Asset Management LLC, Bank of New York Mellon Corp, Citigroup Inc., and WINTON GROUP Ltd. View insider buying and selling activity for Empire State Realty Trust.

Which institutional investors are buying Empire State Realty Trust stock?

ESRT stock was acquired by a variety of institutional investors in the last quarter, including Southeastern Asset Management Inc. TN, V3 Capital Management L.P., Cohen & Steers Inc., Legal & General Group Plc, BNP Paribas Arbitrage SA, Grantham Mayo Van Otterloo & Co. LLC, Aperio Group LLC, and Resolution Capital Ltd. Company insiders that have bought Empire State Realty Trust stock in the last two years include David A Karp, and Quark Holding Llc. View insider buying and selling activity 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 $7.41.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $1.30 billion and generates $731.34 million in revenue each year. The real estate investment trust earns $51.19 million in net income (profit) each year or $0.90 on an earnings per share basis. Empire State Realty Trust employs 813 workers across the globe.

What is Empire State Realty Trust's official website?

The official website for Empire State Realty Trust is 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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