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NYSE:ESRT

Empire State Realty Trust Stock Forecast, Price & News

$7.14
-0.04 (-0.56%)
(As of 07/5/2022 01:55 PM ET)
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Compare
Today's Range
$6.89
$7.15
50-Day Range
$6.57
$9.07
52-Week Range
$6.53
$12.26
Volume
42,159 shs
Average Volume
1.59 million shs
Market Capitalization
$1.20 billion
P/E Ratio
N/A
Dividend Yield
1.95%
Price Target
$7.88

Empire State Realty Trust MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
10.6% Upside
$7.88 Price Target
Short Interest
Bearish
9.73% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.66
Upright™ Environmental Score
News Sentiment
0.33mentions of Empire State Realty Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.47%
From $0.76 to $0.87 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.79 out of 5 stars

Finance Sector

775th out of 1,398 stocks

Real Estate Investment Trusts Industry

169th out of 235 stocks

30 days | 90 days | 365 days | Advanced Chart

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Empire State Realty Trust logo

About Empire State Realty Trust (NYSE:ESRT) Stock

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 September 30, 2020, 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. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.

ESRT Stock News Headlines

Empire State Realty Trust Reports In-Line Q1 EPS
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
693
Year Founded
N/A

Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Today
7/05/2022
Next Earnings (Confirmed)
7/27/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$7.88
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$5.50
Forecasted Upside/Downside
+10.3%
Consensus Rating
Hold
Rating Score (0-4)
1.5
Research Coverage
4 Analysts

Profitability

Net Income
$-6,510,000.00
Pretax Margin
-4.40%

Debt

Sales & Book Value

Annual Sales
$624.09 million
Cash Flow
$1.22 per share
Book Value
$9.90 per share

Miscellaneous

Free Float
145,296,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
1.00














Empire State Realty Trust Frequently Asked Questions

Should I buy or sell Empire State Realty Trust stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 3 sell ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View analyst ratings for Empire State Realty Trust
or view top-rated stocks.

What is Empire State Realty Trust's stock price forecast for 2022?

4 Wall Street research analysts have issued 1-year price objectives for Empire State Realty Trust's stock. Their ESRT stock forecasts range from $5.50 to $10.00. On average, they anticipate Empire State Realty Trust's stock price to reach $7.88 in the next year. This suggests a possible upside of 10.3% from the stock's current price.
View analysts' price targets for Empire State Realty Trust
or view top-rated stocks among Wall Street analysts.

How has Empire State Realty Trust's stock price performed in 2022?

Empire State Realty Trust's stock was trading at $8.90 at the beginning of the year. Since then, ESRT shares have decreased by 19.8% and is now trading at $7.14.
View the best growth stocks for 2022 here
.

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 27th 2022.
View our earnings forecast for Empire State Realty Trust
.

How can I listen to Empire State Realty Trust's earnings call?

Empire State Realty Trust will be holding an earnings conference call on Thursday, July 28th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13730152".

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

Empire State Realty Trust, Inc. (NYSE:ESRT) released its earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $0.20. Empire State Realty Trust had a negative net margin of 2.36% and a negative trailing twelve-month return on equity of 0.89%. During the same period last year, the business posted $0.12 EPS.
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 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 1.96%. The ex-dividend date of this dividend is Tuesday, June 14th.
View Empire State Realty Trust's dividend history
.

Is Empire State Realty Trust a good dividend stock?

Empire State Realty Trust(NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.95%.
View Empire State Realty Trust's dividend history.

What guidance has Empire State Realty Trust issued on next quarter's earnings?

Empire State Realty Trust issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $0.73-$0.78 for the period. The company issued revenue guidance of -.

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 & Pres (Age 60, Pay $2.17M)
  • Ms. Christina Chiu, Exec. VP & CFO (Age 41, Pay $1.17M)
  • Mr. Thomas N. Keltner Jr., Exec. VP & Gen. Counsel (Age 76, Pay $979.38k)
  • Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 60, Pay $1.2M)
  • Mr. Aaron D. Ratner, Sr. VP & Chief Investment Officer (Age 34)
  • Mr. Stephen Horn, Sr. VP & Chief Accounting Officer (Age 35)
  • Mr. Sandy Jacolow, Sr. VP & CTO
  • Mr. Christopher Blackman, Chief Information Officer
  • Ms. Katy Malonoski, VP & Head of Investor Relations
  • Ms. Abigail Rickards, Sr. VP of Marketing, PR & Digital

What is Anthony E. Malkin's approval rating as Empire State Realty Trust's CEO?

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.

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), 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).

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 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Empire State Realty Trust's stock price today?

One share of ESRT stock can currently be purchased for approximately $7.14.

How much money does Empire State Realty Trust make?

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.20 billion and generates $624.09 million in revenue each year. The real estate investment trust earns $-6,510,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis.

How many employees does Empire State Realty Trust have?

Empire State Realty Trust employs 693 workers across the globe.

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 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 ir@empirestaterealtytrust.com, or via fax at 212-850-2751.

This page (NYSE:ESRT) was last updated on 7/5/2022 by MarketBeat.com Staff

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