Empire State Realty Trust - ESRT Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ESRT shares. 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 ESRT analyst ratings or view top-rated stocks.

5 brokers have issued 1-year price objectives for Empire State Realty Trust's shares. Their ESRT share price forecasts range from $5.50 to $10.00. On average, they anticipate the company's share price to reach $7.88 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price.
View analysts price targets for ESRT or view top-rated stocks among Wall Street analysts.

Empire State Realty Trust's stock was trading at $8.90 at the beginning of 2022. Since then, ESRT stock has decreased by 24.5% and is now trading at $6.72.
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Empire State Realty Trust saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 13,460,000 shares, an increase of 12.5% from the August 31st total of 11,960,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is currently 12.1 days. Currently, 10.2% of the company's stock are short sold.
View Empire State Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ESRT earnings forecast.

Empire State Realty Trust, Inc. (NYSE:ESRT) posted its quarterly earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.20. Empire State Realty Trust had a trailing twelve-month return on equity of 0.67% and a net margin of 1.64%. During the same quarter in the previous year, the company posted $0.12 EPS.

Empire State Realty Trust declared a quarterly dividend on Wednesday, August 17th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.035 per share on Friday, September 30th. This represents a $0.14 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for ESRT.

Empire State Realty Trust (NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 2.18%. The dividend payout ratio is 280.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ESRT will have a dividend payout ratio of 16.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

Empire State Realty Trust issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.80-$0.85 for the period. The company issued revenue guidance of -.

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

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."

Empire State Realty Trust's stock is owned by many different institutional and retail investors. Top institutional investors include Southeastern Asset Management Inc. TN (8.48%), Massachusetts Financial Services Co. MA (6.05%), Credit Suisse AG (5.67%), State Street Corp (4.35%), Equity Investment Corp (3.31%) and William Blair Investment Management LLC (1.98%).
View institutional ownership trends.

Shares of ESRT stock 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 $6.72.

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.13 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 $0.05 on an earnings per share basis.

The company 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 the company 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.