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About Empire State Realty (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 December 31, 2017, 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:ESRT
CUSIPN/A
Phone212-687-8700
Debt
Debt-to-Equity Ratio0.97
Current Ratio9.00
Quick Ratio9.00
Price-To-Earnings
Trailing P/E Ratio16.75
Forward P/E Ratio18.27
P/E Growth4.57
Sales & Book Value
Annual Sales$712.47 million
Price / Sales3.74
Cash Flow$1.7555 per share
Price / Cash9.16
Book Value$12.25 per share
Price / Book1.31
Profitability
EPS (Most Recent Fiscal Year)$0.96
Net Income$63.58 million
Net Margins10.85%
Return on Equity3.94%
Return on Assets1.97%
Miscellaneous
Employees831
Outstanding Shares165,510,000
Empire State Realty (NYSE:ESRT) Frequently Asked Questions
What is Empire State Realty's stock symbol?
Empire State Realty trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESRT."
How often does Empire State Realty pay dividends? What is the dividend yield for Empire State Realty?
Empire State Realty declared a quarterly dividend on Monday, May 21st. Stockholders of record on Friday, June 15th will be given a dividend of $0.105 per share on Friday, June 29th. This represents a $0.42 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, June 14th. View Empire State Realty's Dividend History.
How were Empire State Realty's earnings last quarter?
Empire State Realty (NYSE:ESRT) posted its earnings results on Wednesday, April, 25th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.19 by $0.13. The real estate investment trust had revenue of $122.31 million for the quarter, compared to analyst estimates of $122.72 million. Empire State Realty had a net margin of 10.85% and a return on equity of 3.94%. View Empire State Realty's Earnings History.
When is Empire State Realty's next earnings date?
What price target have analysts set for ESRT?
4 brokerages have issued 12-month target prices for Empire State Realty's stock. Their forecasts range from $18.00 to $23.00. On average, they expect Empire State Realty's stock price to reach $20.20 in the next year. View Analyst Ratings for Empire State Realty.
Who are some of Empire State Realty's key competitors?
Some companies that are related to Empire State Realty include Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), SL Green Realty (SLG), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Sun Communities (SUI), Vici Properties (VICI) and Kilroy Realty (KRC).
Who are Empire State Realty's key executives?
Empire State Realty's management team includes the folowing people:
- Mr. Anthony E. Malkin, Chairman and Chief Exec. Officer (Age 56)
- Mr. John B. Kessler, Pres and Chief Operating Officer (Age 53)
- Mr. David A. Karp, Chief Financial Officer and Exec. VP (Age 58)
- Mr. Thomas N. Keltner Jr., Exec. VP, Gen. Counsel and Sec. (Age 72)
- Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 56)
Has Empire State Realty been receiving favorable news coverage?
Headlines about ESRT stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Empire State Realty earned a media sentiment score of 0.09 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 46.10 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Empire State Realty's major shareholders?
Empire State Realty's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.08%), Daiwa Securities Group Inc. (4.91%), Resolution Capital Ltd (4.42%), Millennium Management LLC (1.56%), American Century Companies Inc. (1.51%) and Dimensional Fund Advisors LP (1.40%). Company insiders that own Empire State Realty stock include Anthony E Malkin, David A Karp and Salvatore Michael Giliberto. View Institutional Ownership Trends for Empire State Realty.
Which major investors are selling Empire State Realty stock?
ESRT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, American Century Companies Inc., Schroder Investment Management Group, Daiwa Securities Group Inc., Russell Investments Group Ltd., Sei Investments Co., Amundi Pioneer Asset Management Inc. and BlackRock Inc.. View Insider Buying and Selling for Empire State Realty.
Which major investors are buying Empire State Realty stock?
ESRT stock was acquired by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Citadel Advisors LLC, Nuveen Asset Management LLC, Mackay Shields LLC, Westpac Banking Corp, Legal & General Group Plc, Teachers Insurance & Annuity Association of America and Landscape Capital Management L.L.C.. Company insiders that have bought Empire State Realty stock in the last two years include David A Karp and Salvatore Michael Giliberto. View Insider Buying and Selling for Empire State Realty.
How do I buy shares of Empire State Realty?
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's stock price today?
One share of ESRT stock can currently be purchased for approximately $16.08.
How big of a company is Empire State Realty?
Empire State Realty has a market capitalization of $2.65 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 employs 831 workers across the globe.
How can I contact Empire State Realty?
Empire State Realty'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 (ESRT)
MarketBeat's community ratings are surveys of what our community members think about Empire State Realty 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.
Empire State Realty (NYSE:ESRT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Empire State Realty in the last 12 months. Their average twelve-month price target is $20.20, suggesting that the stock has a possible upside of 25.62%. The high price target for ESRT is $23.00 and the low price target for ESRT is $18.00. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Buy | Hold |
| Consensus Rating Score: | 2.20 | 2.20 | 2.50 | 2.25 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $20.20 | $20.20 | $21.75 | $21.75 |
| Price Target Upside: | 25.62% upside | 20.81% upside | 17.95% upside | 8.48% upside |
Empire State Realty (NYSE:ESRT) Consensus Price Target History
Empire State Realty (NYSE:ESRT) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Empire State Realty (NYSE:ESRT) Dividend Information
Empire State Realty pays an annual dividend of $0.42 per share, with a dividend yield of 2.61%. ESRT's next quarterly dividend payment will be made on Friday, June 29. The company has grown its dividend for the last 2 consecutive years and is increasing its dividend by an average of 7.30% each year. Empire State Realty pays out 43.75% of its earnings out as a dividend.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.42 |
| Dividend Yield: | 2.61% |
| Dividend Growth: | 7.30% (3 Year Average) |
| Payout Ratio(s): | 43.75% (Trailing 12 Months of Earnings)
47.73% (Based on This Year's Estimates)
46.15% (Based on Next Year's Estimates)
23.93% (Based on Cash Flow)
|
| Track Record: | 2 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Empire State Realty (NYSE:ESRT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/21/2018 | quarterly | $0.1050 | 2.61% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 3/5/2018 | quarterly | $0.1050 | 2.49% | 3/14/2018 | 3/15/2018 | 3/30/2018 |
| 11/27/2017 | quarterly | $0.1050 | 2.03% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 8/10/2017 | quarterly | $0.1050 | 2.05% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 5/15/2017 | quarterly | $0.1050 | 2.04% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 2/21/2017 | quarterly | $0.1050 | 1.95% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 11/25/2016 | Quarterly | $0.1050 | 2.09% | 12/13/2016 | 12/15/2016 | 12/29/2016 |
| 9/8/2016 | quarterly | $0.1050 | 1.97% | 9/15/2016 | 9/19/2016 | 9/30/2016 |
| 6/2/2016 | quarterly | $0.1050 | 2.19% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/22/2016 | quarterly | $0.0850 | 2.18% | 3/14/2016 | 3/16/2016 | 3/31/2016 |
| 12/4/2015 | quarterly | $0.0850 | 1.86% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 8/26/2015 | quarterly | $0.0850 | 2.09% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 5/21/2015 | quarterly | $0.0850 | 1.87% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 2/19/2015 | quarterly | $0.0850 | 1.86% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 12/1/2014 | quarterly | $0.0850 | 2.02% | 12/11/2014 | 12/15/2014 | 12/31/2014 |
| 9/2/2014 | quarterly | $0.0850 | 2.08% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/22/2014 | quarterly | $0.0850 | 2.05% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 2/21/2014 | quarterly | $0.0850 | 2.27% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 12/6/2013 | special | $0.0795 | | 12/12/2013 | 12/16/2013 | 12/30/2013 |
| 12/5/2013 | quarterly | $0.0795 | | | 12/16/2013 | 12/30/2013 |
(Data available from 1/1/2013 forward)
Empire State Realty (NYSE ESRT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 11.50%
Institutional Ownership Percentage: 76.78%
Empire State Realty (NYSE ESRT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/9/2018 | David A Karp | CFO | Buy | 1,000 | $16.65 | $16,650.00 | |  |
| 3/5/2018 | Salvatore Michael Giliberto | Director | Buy | 1,000 | $16.83 | $16,830.00 | 3,500 | |
| 12/4/2017 | Anthony E Malkin | Chairman | Sell | 1,243,163 | $20.45 | $25,422,683.35 | 156,416 | |
| 2/26/2016 | Salvatore Michael Giliberto | Director | Buy | 1,000 | $15.94 | $15,940.00 | 2,500 | |
| 8/25/2014 | Alice Connell | Director | Buy | 1,205 | $16.61 | $20,015.05 | | |
(Data available from 1/1/2013 forward)
Empire State Realty (NYSE ESRT) News Headlines
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Empire State Realty (NYSE:ESRT) SEC Filings
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Empire State Realty (NYSE:ESRT) Income Statement, Balance Sheet and Cash Flow Statement
Empire State Realty (NYSE ESRT) Stock Chart for Monday, May, 21, 2018
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