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

$8.37
-0.21 (-2.45%)
(As of 02/3/2023 04:28 PM ET)
Add
Compare
Today's Range
$8.23
$8.51
50-Day Range
$6.54
$8.58
52-Week Range
$6.24
$10.06
Volume
890,686 shs
Average Volume
984,826 shs
Market Capitalization
$1.35 billion
P/E Ratio
69.75
Dividend Yield
1.70%
Price Target
$7.67

Empire State Realty Trust MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.4% Downside
$7.67 Price Target
Short Interest
Bearish
9.70% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
1.59mentions of Empire State Realty Trust in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.35%
From $0.85 to $0.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

Finance Sector

757th out of 865 stocks

Real Estate Investment Trusts Industry

167th out of 189 stocks

ESRT stock logo

About Empire State Realty Trust (NYSE:ESRT) Stock

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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ESRT Stock News Headlines

Empire State Realty Trust (NYSE:ESRT) Sees Large Volume Increase
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
This Beaten-Down Stock Could Finally Turn Around in 2023
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
BMO Capital Reaffirms Their Hold Rating on Empire State Realty (ESRT)
ESRT Empire State Realty Trust, Inc.
See More Headlines
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ESRT Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 12/30 Dividend
12/16/2022
Dividend Payable
12/30/2022
Today
2/03/2023
Next Earnings (Confirmed)
2/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
693
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.67
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
-8.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$-6,510,000.00
Pretax Margin
5.56%

Debt

Sales & Book Value

Annual Sales
$624.09 million
Cash Flow
$1.24 per share
Book Value
$9.90 per share

Miscellaneous

Free Float
139,968,000
Market Cap
$1.35 billion
Optionable
Optionable
Beta
1.20

Key Executives

  • Anthony E. Malkin
    Chairman, President & Chief Executive Officer
  • Christina Chiu
    Executive VP, Chief Operating & Financial Officer
  • Christopher Blackman
    Chief Information Officer
  • Heather Lawson Houston
    Vice President & Compliance Officer
  • Ryan Kass
    Senior Vice President & Director-Leasing













ESRT Stock - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.

What is Empire State Realty Trust's stock price forecast for 2023?

4 analysts have issued twelve-month price objectives for Empire State Realty Trust's shares. Their ESRT share price forecasts range from $5.00 to $10.00. On average, they expect the company's stock price to reach $7.67 in the next twelve months. This suggests that the stock has a possible downside of 8.4%.
View analysts price targets for ESRT
or view top-rated stocks among Wall Street analysts.

How have ESRT shares performed in 2023?

Empire State Realty Trust's stock was trading at $6.74 at the beginning of the year. Since then, ESRT shares have increased by 24.2% and is now trading at $8.37.
View the best growth stocks for 2023 here
.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a increase in short interest in December. As of December 30th, there was short interest totaling 12,430,000 shares, an increase of 10.1% from the December 15th total of 11,290,000 shares. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 9.9 days. Approximately 9.5% of the company's stock are sold short.
View Empire State Realty Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our ESRT earnings forecast
.

How can I listen to Empire State Realty Trust's earnings call?

Empire State Realty Trust will be holding an earnings conference call on Thursday, February 16th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13732461".

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

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 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 1.36% and a net margin of 3.22%. During the same period in the previous year, the firm posted $0.12 earnings per share.

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 Friday, December 9th. Shareholders of record on Monday, December 19th will be given a dividend of $0.035 per share on Friday, December 30th. This represents a $0.14 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, December 16th.
Read our dividend analysis for ESRT
.

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 1.70%. The dividend payout ratio is 116.67%. 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 16.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

What is Anthony E. Malkin's approval rating as Empire State Realty Trust's CEO?

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.

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 Hill Winds Capital LP (0.11%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Strs Ohio (0.08%), Janney Montgomery Scott LLC (0.05%), Oxbow Advisors LLC (0.03%) and Zurcher Kantonalbank Zurich Cantonalbank (0.03%).
View institutional ownership trends
.

How do I buy shares of Empire State Realty Trust?

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.
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 $8.37.

How much money does Empire State Realty Trust make?

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.35 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 $0.12 on an earnings per share basis.

How many employees does Empire State Realty Trust have?

The company 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 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.

This page (NYSE:ESRT) was last updated on 2/3/2023 by MarketBeat.com Staff