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NYSE:ESRT

Empire State Realty Trust Stock Forecast, Price & News

$10.06
-0.05 (-0.49 %)
(As of 09/24/2021 12:00 AM ET)
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Today's Range
$10.03
$10.24
50-Day Range
$9.65
$12.07
52-Week Range
$5.19
$13.11
Volume1.99 million shs
Average Volume1.68 million shs
Market Capitalization$1.74 billion
P/E RatioN/A
Dividend Yield1.38%
Beta1.15
30 days | 90 days | 365 days | Advanced Chart
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Empire State Realty Trust logo

About Empire State Realty Trust

Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. It operates through the Real Estate and Observatory segments. The Real Estate segment includes ownership, management, operation, acquisition, repositioning, and disposition of real estate assets. The Observatory segment manages observatories at the Empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.

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Sales & Book Value

Profitability

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MarketRank

Overall MarketRank

2.87 out of 5 stars

Finance Sector

109th out of 1,331 stocks

Real Estate Investment Trusts Industry

17th out of 219 stocks

Analyst Opinion: 3.1Community Rank: 3.7Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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Empire State Realty Trust (NYSE:ESRT) Frequently Asked Questions

Is Empire State Realty Trust a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings 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 stocks does MarketBeat like better than Empire State Realty Trust?

Wall Street analysts have given Empire State Realty Trust a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Empire State Realty Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a increase in short interest in August. As of August 13th, there was short interest totaling 12,310,000 shares, an increase of 20.2% from the July 29th total of 10,240,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is presently 7.2 days. Approximately 8.7% of the shares of the stock are sold short.
View Empire State Realty Trust's Short Interest
.

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, October 27th 2021.
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) posted its quarterly earnings data on Wednesday, July, 28th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.13. Empire State Realty Trust had a negative trailing twelve-month return on equity of 0.27% and a negative net margin of 0.80%.
View Empire State Realty Trust's earnings history
.

How has Empire State Realty Trust's stock price been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, ESRT shares have decreased by 5.7% and is now trading at $10.06.
View which stocks have been most impacted by COVID-19
.

How often does Empire State Realty Trust pay dividends? What is the dividend yield for Empire State Realty Trust?

Empire State Realty Trust declared a quarterly dividend on Monday, August 9th. Investors of record on Wednesday, September 15th will be given a dividend of $0.035 per share on Thursday, September 30th. This represents a $0.14 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, September 14th.
View Empire State Realty Trust's dividend history
.

Is Empire State Realty Trust a good dividend stock?

Empire State Realty Trust pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.38%. Empire State Realty Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Empire State Realty Trust is 22.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Empire State Realty Trust will have a dividend payout ratio of 18.18% next year. This indicates that Empire State Realty Trust will be able to sustain or increase its dividend.
View Empire State Realty Trust's dividend history.

What price target have analysts set for ESRT?

4 Wall Street analysts have issued twelve-month price targets for Empire State Realty Trust's shares. Their forecasts range from $10.00 to $16.00. On average, they anticipate Empire State Realty Trust's stock price to reach $13.13 in the next year. This suggests a possible upside of 30.5% from the stock's current price.
View analysts' price targets for Empire State Realty Trust
or view top-rated stocks among Wall Street analysts.

Who are Empire State Realty Trust's key executives?

Empire State Realty Trust's management team includes the following people:
  • Anthony E. Malkin, Chairman, President & Chief Executive Officer
  • Christina Chiu, Chief Financial Officer & Executive Vice President
  • Christopher Blackman, Chief Information Officer
  • Thomas N. Keltner, Secretary, Executive VP & General Counsel
  • Ryan Kass, Senior Vice President & Director-Leasing

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."

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.18%), BlackRock Inc. (8.26%), Massachusetts Financial Services Co. MA (6.43%), Deutsche Bank AG (5.09%), State Street Corp (3.31%) and Credit Suisse AG (2.76%).
View institutional ownership trends for Empire State Realty Trust
.

Which institutional investors are selling Empire State Realty Trust stock?

ESRT stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, American Century Companies Inc., Deutsche Bank AG, Millennium Management LLC, Equity Investment Corp, Aew Capital Management L P, AXA S.A., and Bank of America Corp DE.
View insider buying and selling activity for Empire State Realty Trust
or view top insider-selling stocks.

Which institutional investors are buying Empire State Realty Trust stock?

ESRT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Morgan Stanley, Morgan Stanley, Northern Trust Corp, Geode Capital Management LLC, Vanguard Group Inc., and JPMorgan Chase & Co..
View insider buying and selling activity for Empire State Realty Trust
or or view top insider-buying stocks.

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 $10.06.

How much money does Empire State Realty Trust make?

Empire State Realty Trust has a market capitalization of $1.74 billion and generates $609.23 million in revenue each year. The real estate investment trust earns $-12,520,000.00 in net income (profit) each year or $0.62 on an earnings per share basis.

How many employees does Empire State Realty Trust have?

Empire State Realty Trust employs 755 workers across the globe.

What is Empire State Realty Trust's official website?

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

Where are Empire State Realty Trust's headquarters?

Empire State Realty Trust is headquartered at 111 WEST 33RD STREET 12TH FL, NEW YORK NY, 10120.

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].


This page was last updated on 9/24/2021 by MarketBeat.com Staff

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