NYSE:ESRT - Empire State Realty Trust Stock Price, News, & Analysis

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$15.89 -0.04 (-0.25 %)
(As of 11/13/2018 04:00 PM ET)
Previous Close$15.93
Today's Range$15.81 - $16.06
52-Week Range$15.45 - $20.93
Volume975,940 shs
Average Volume1.22 million shs
Market Capitalization$2.69 billion
P/E Ratio16.55
Dividend Yield2.63%
Beta0.88
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 June 30, 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:ESRT
Previous Symbol
CUSIPN/A
Phone212-687-8700

Debt

Debt-to-Equity Ratio0.96
Current Ratio7.10
Quick Ratio7.10

Price-To-Earnings

Trailing P/E Ratio16.55
Forward P/E Ratio17.85
P/E Growth6.34

Sales & Book Value

Annual Sales$712.47 million
Price / Sales3.75
Cash Flow$1.7366 per share
Price / Cash9.15
Book Value$12.25 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$0.96
Net Income$63.58 million
Net Margins12.39%
Return on Equity4.48%
Return on Assets2.17%

Miscellaneous

Employees831
Outstanding Shares168,050,000
Market Cap$2.69 billion
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 Monday, August 13th. Investors of record on Friday, September 14th will be given a dividend of $0.105 per share on Friday, September 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Thursday, September 13th. 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 results on Wednesday, October, 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.24 by $0.14. The real estate investment trust had revenue of $123.62 million for the quarter, compared to analyst estimates of $123.49 million. Empire State Realty Trust had a return on equity of 4.48% and a net margin of 12.39%. The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. View Empire State Realty Trust's Earnings History.

When is Empire State Realty Trust's next earnings date?

Empire State Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for Empire State Realty Trust.

What price target have analysts set for ESRT?

5 brokerages have issued 12-month price objectives for Empire State Realty Trust's shares. Their predictions range from $18.00 to $24.00. On average, they anticipate Empire State Realty Trust's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 29.0% 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?

5 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 and 1 buy rating 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 articles about ESRT stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Empire State Realty Trust earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Empire State Realty Trust's key competitors?

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 56)
  • Mr. John B. Kessler, Pres & COO (Age 53)
  • Mr. David A. Karp, Exec. VP & CFO (Age 58)
  • Mr. Thomas N. Keltner Jr., Exec. VP, Gen. Counsel & Sec. (Age 72)
  • Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 56)

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.18%), Resolution Capital Ltd (5.13%), Alliancebernstein L.P. (4.51%), Citadel Advisors LLC (1.99%), Prudential Financial Inc. (1.89%) and AMP Capital Investors Ltd (1.82%). Company insiders that own Empire State Realty Trust stock include Anthony E Malkin, David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Institutional Ownership Trends for Empire State Realty Trust.

Which major investors are selling Empire State Realty Trust stock?

ESRT stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., FMR LLC, Waterfront Capital Partners LLC, Schwerin Boyle Capital Management Inc., Citadel Advisors LLC, Bank of Montreal Can, Real Estate Management Services LLC and Honeywell International Inc.. View Insider Buying and Selling for Empire State Realty Trust.

Which major investors are buying Empire State Realty Trust stock?

ESRT stock was purchased by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Prudential Financial Inc., Investment Counselors of Maryland LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Schroder Investment Management Group, AMP Capital Investors Ltd and Eaton Vance Management. 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, Scottrade, 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 $15.89.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $2.69 billion and generates $712.47 million in revenue each year. The real estate investment trust earns $63.58 million in net income (profit) each year or $0.96 on an earnings per share basis. Empire State Realty Trust employs 831 workers across the globe.

What is Empire State Realty Trust's official website?

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

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  167 (Vote Outperform)
Underperform Votes:  258 (Vote Underperform)
Total Votes:  425
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.
This page was last updated on 11/13/2018 by MarketBeat.com Staff

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