Empire State Realty Trust Stock Forecast, Price & News

Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ESRT stock has decreased by 9.1% and is now trading at $9.70.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Empire State Realty Trust or view MarketBeat's top 5 stock picks.

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Empire State Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Empire State Realty Trust.

Empire State Realty Trust, Inc. (NYSE:ESRT) posted its earnings results on Wednesday, October, 28th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.13 by $0.18. Empire State Realty Trust had a net margin of 0.69% and a return on equity of 0.24%.
View Empire State Realty Trust's earnings history.

Empire State Realty Trust declared a quarterly dividend on Tuesday, June 9th. Investors of record on Friday, June 19th will be given a dividend of $0.105 per share on Tuesday, June 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Thursday, June 18th.
View Empire State Realty Trust's dividend history.

4 brokers have issued twelve-month target prices for Empire State Realty Trust's shares. Their forecasts range from $6.50 to $10.00. On average, they anticipate Empire State Realty Trust's share price to reach $8.63 in the next twelve months. This suggests that the stock has a possible downside of 11.1%.
View analysts' price targets for Empire State Realty Trust.

Some companies that are related to Empire State Realty Trust include National Retail Properties (NNN), Kimco Realty (KIM), CubeSmart (CUBE), Rexford Industrial Realty (REXR), Healthcare Trust of America (HTA), American Campus Communities (ACC), Douglas Emmett (DEI), EastGroup Properties (EGP), First Industrial Realty Trust (FR), CoreSite Realty (COR), Starwood Property Trust (STWD), Life Storage (LSI), Cousins Properties (CUZ), Brixmor Property Group (BRX) and Apartment Investment and Management (AIV).
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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).

Empire State Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESRT."

Empire State Realty Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Southeastern Asset Management Inc. TN (8.87%), BlackRock Inc. (5.43%), Massachusetts Financial Services Co. MA (4.96%), Lasalle Investment Management Securities LLC (4.52%), State Street Corp (2.79%) and Equity Investment Corp (2.42%).
View institutional ownership trends for Empire State Realty Trust.

ESRT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Heitman Real Estate Securities LLC, Cubist Systematic Strategies LLC, Paloma Partners Management Co, Equity Investment Corp, BlackRock Inc., State Street Corp, and Virginia Retirement Systems ET AL.
View insider buying and selling activity for Empire State Realty Trust.

ESRT stock was bought by a variety of institutional investors in the last quarter, including Lasalle Investment Management Securities LLC, Massachusetts Financial Services Co. MA, HGI Capital Management LLC, Voloridge Investment Management LLC, Hill Winds Capital LP, Segall Bryant & Hamill LLC, Aperio Group LLC, and Point72 Asset Management L.P..
View insider buying and selling activity for 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.

One share of ESRT stock can currently be purchased for approximately $9.70.

Empire State Realty Trust has a market capitalization of $1.67 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 831 workers across the globe.

The official website for Empire State Realty Trust is www.empirestaterealtytrust.com.

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]