Empire State Realty Trust Stock Forecast, Price & News

3 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 and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Empire State Realty Trust stock. 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.
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3 Wall Street analysts have issued twelve-month target prices for Empire State Realty Trust's stock. Their ESRT stock forecasts range from $8.00 to $10.00. On average, they predict Empire State Realty Trust's stock price to reach $8.67 in the next year. This suggests a possible upside of 22.6% from the stock's current price.
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Empire State Realty Trust's stock was trading at $8.90 at the start of the year. Since then, ESRT shares have decreased by 20.6% and is now trading at $7.07.
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Empire State Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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Empire State Realty Trust, Inc. (NYSE:ESRT) issued its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.20. Empire State Realty Trust had a negative trailing twelve-month return on equity of 0.89% and a negative net margin of 2.36%. During the same quarter last year, the business earned $0.12 earnings per share.
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Empire State Realty Trust announced a quarterly dividend on Monday, May 16th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.035 per share on Thursday, June 30th. This represents a $0.14 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, June 14th.
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Empire State Realty Trust(NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.94%.
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Empire State Realty Trust updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $0.73-$0.78 for the period. The company issued revenue guidance of -.

32 employees have rated Empire State Realty Trust CEO Anthony E. Malkin on Glassdoor.com. Anthony E. Malkin has an approval rating of 63% among Empire State Realty Trust's employees. This puts Anthony E. Malkin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Empire State Realty Trust include Independence Realty Trust (IRT), National Storage Affiliates Trust (NSA), New Residential Investment (NRZ), Cousins Properties (CUZ), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Physicians Realty Trust (DOC), Douglas Emmett (DEI), Kite Realty Group Trust (KRG), Phillips Edison & Company, Inc. (PECO), Highwoods Properties (HIW), EPR Properties (EPR), Broadstone Net Lease (BNL), Howard Hughes (HHC) and Sabra Health Care REIT (SBRA).
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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."

Shares of ESRT 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.
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One share of ESRT stock can currently be purchased for approximately $7.07.

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.18 billion and generates $624.09 million in revenue each year. The real estate investment trust earns $-6.51 million in net income (profit) each year or ($0.12) on an earnings per share basis.

Empire State Realty Trust employs 693 workers across the globe.

Empire State Realty Trust's mailing address is 111 WEST 33RD STREET 12TH FL, NEW YORK NY, 10120. The official website for Empire State Realty Trust is www.empirestaterealtytrust.com. The real estate investment trust can be reached via phone at (212) 687-8700, via email at [email protected], or via fax at 212-850-2751.