Empire State Realty Trust Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. 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.

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.

Empire State Realty Trust saw a increase in short interest during the month of 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 company's shares are short sold.
View Empire State Realty Trust's Short Interest.

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.

Empire State Realty Trust, Inc. (NYSE:ESRT) announced its quarterly earnings data on Wednesday, July, 28th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' 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.

Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ESRT stock has decreased by 7.8% and is now trading at $9.84.
View which stocks have been most impacted by COVID-19.

Empire State Realty Trust announced a quarterly dividend on Monday, August 9th. Shareholders 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 dividend yield of 1.42%. The ex-dividend date is Tuesday, September 14th.
View Empire State Realty Trust's dividend history.

Empire State Realty Trust pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.44%. 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.

4 equities research 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 expect Empire State Realty Trust's share price to reach $13.13 in the next year. This suggests a possible upside of 33.4% from the stock's current price.
View analysts' price targets for Empire State Realty Trust or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Empire State Realty Trust include CoreSite Realty (COR), STAG Industrial (STAG), Healthcare Trust of America (HTA), Klépierre (KLPEF), MGM Growth Properties (MGP), QTS Realty Trust (QTS), Douglas Emmett (DEI), Cousins Properties (CUZ), Rayonier (RYN), New Residential Investment (NRZ), National Storage Affiliates Trust (NSA), The Howard Hughes (HHC), SL Green Realty (SLG), Agree Realty (ADC) and Ryman Hospitality Properties (RHP).
View all of ESRT's competitors.

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 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.

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.

ESRT stock was purchased 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.

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.

One share of ESRT stock can currently be purchased for approximately $9.84.

Empire State Realty Trust has a market capitalization of $1.71 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.

Empire State Realty Trust employs 755 workers across the globe.

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

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

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].