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S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
NYSE:ESRT

Empire State Realty Trust Stock Forecast, Price & News

$7.07
-0.08 (-1.12%)
(As of 06/29/2022 04:00 PM ET)
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Today's Range
$7.00
$7.12
50-Day Range
$6.57
$9.07
52-Week Range
$6.53
$12.26
Volume
647,099 shs
Average Volume
1.76 million shs
Market Capitalization
$1.18 billion
P/E Ratio
N/A
Dividend Yield
1.94%
Price Target
$8.67
30 days | 90 days | 365 days | Advanced Chart

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ESRT Stock Forecast (MarketRank)

Overall MarketRank

2.29 out of 5 stars

Finance Sector

620th out of 1,394 stocks

Real Estate Investment Trusts Industry

134th out of 235 stocks

Analyst Opinion: 1.8Community Rank: 3.6Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Empire State Realty Trust logo

About Empire State Realty Trust (NYSE:ESRT)

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

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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
Today
6/30/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$8.67
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+22.6%
Consensus Rating
Hold
Rating Score (0-4)
1.66666666666667
Research Coverage
3 Analysts

Profitability

Net Income
$-6.51 million
Pretax Margin
-4.40%

Debt

Sales & Book Value

Annual Sales
$624.09 million
Cash Flow
$1.18 per share
Book Value
$9.90 per share

Miscellaneous

Free Float
145,296,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
0.99














Empire State Realty Trust Frequently Asked Questions

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

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.
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?

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.
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 performed in 2022?

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

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.
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 1.98%. The ex-dividend date 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 1.94%.
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 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 -.

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 $7.07.

How much money does Empire State Realty Trust make?

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.

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 [email protected], or via fax at 212-850-2751.

This page (NYSE:ESRT) was last updated on 6/30/2022 by MarketBeat.com Staff

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