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
Phone212-687-8700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$731.51 million
Profitability
Miscellaneous
Employees813
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Friday, December 13th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.105 per share on Tuesday, December 31st. This represents a $0.42 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, December 20th. 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) issued its quarterly earnings data on Wednesday, October, 23rd. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.14. The real estate investment trust earned $150.23 million during the quarter, compared to analysts' expectations of $125.22 million. Empire State Realty Trust had a net margin of 8.70% and a return on equity of 3.26%. Empire State Realty Trust's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. 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 equities research 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 share price to reach $15.00 in the next year. This suggests a possible upside of 6.6% 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?
News coverage about ESRT stock has trended positive on Friday, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 3.0 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Empire State Realty Trust.
Are investors shorting Empire State Realty Trust?
Empire State Realty Trust saw a decrease in short interest in December. As of December 13th, there was short interest totalling 2,710,000 shares, a decrease of 24.7% from the November 28th total of 3,600,000 shares. Based on an average daily volume of 879,200 shares, the days-to-cover ratio is presently 3.1 days. Approximately 1.8% 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?
Some companies that are related to Empire State Realty Trust include Liberty Property Trust (LPT), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Federal Realty Investment Trust (FRT), Omega Healthcare Investors (OHI), National Retail Properties (NNN), Lamar Advertising (LAMR), Store Capital (STOR), Iron Mountain (IRM), Kilroy Realty (KRC), Kimco Realty (KIM), American Homes 4 Rent (AMH), Apartment Investment and Management (AIV), Douglas Emmett (DEI) and SL Green Realty (SLG).
What other stocks do shareholders of Empire State Realty Trust own?
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 Pensionfund DSM Netherlands (0.04%), Nisa Investment Advisors LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Pensionfund Sabic (0.02%). 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 buying Empire State Realty Trust stock?
ESRT stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pensionfund Sabic and Nisa Investment Advisors 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 $14.07.
How big of a company is Empire State Realty Trust?
Empire State Realty Trust has a market capitalization of $2.55 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?
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)
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.
