Empire State Realty Trust, Inc. is a real estate investment trust. The Company 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 Company operates through two segments: Real Estate and Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its real estate assets. The Observatory segment operates the 86th and 102nd floor observatories at the Empire State Building. As of December 31, 2016, its portfolio consisted of 14 office properties and six standalone retail properties totaling approximately 10.1 million rentable square feet. The Company's properties include One Grand Central Place, 1400 Broadway, 111 West 33rd Street, 250 West 57th Street, 1359 Broadway and 1333 Broadway.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $3.20783 billion
- Outstanding Shares: 158,711,000
Average Prices:- 50 Day Moving Avg: $20.54
- 200 Day Moving Avg: $20.77
- 52 Week Range: $18.62 - $21.98
P/E:- Trailing P/E Ratio: 51.91
- Foreward P/E Ratio: 19.57
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $691.49 million
- Price / Sales: 4.67
- Book Value: $7.25 per share
- Price / Book: 2.81
Dividend:- Annual Dividend: $0.42
- Dividend Yield: 2.1%
Profitability:- EBIDTA: $329.91 million
- Net Margins: 11.67%
- Return on Equity: 3.85%
- Return on Assets: 1.96%
Debt:- Debt-to-Equity Ratio: 0.80%
- Current Ratio: 5.11%
- Quick Ratio: 5.11%
Misc:- Average Volume: 974,997 shs.
- Beta: 1.01
- Short Ratio: 7.78
Frequently Asked Questions for Empire State Realty Trust (NYSE:ESRT)
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."
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 Thursday, August 10th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.105 per share on Friday, September 29th. This represents a $0.42 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 14th. View Empire State Realty Trust's Dividend History.
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, 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm earned $120.80 million during the quarter, compared to analyst estimates of $118.81 million. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. Empire State Realty Trust's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. View Empire State Realty Trust's Earnings History.
When will Empire State Realty Trust make its next earnings announcement?
Where is Empire State Realty Trust's stock going? Where will Empire State Realty Trust's stock price be in 2017?
4 brokerages have issued 1-year target prices for Empire State Realty Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they expect Empire State Realty Trust's stock price to reach $21.75 in the next year. View Analyst Ratings for Empire State Realty Trust.
Who are some of Empire State Realty Trust's key competitors?
Some companies that are related to Empire State Realty Trust include Douglas Emmett (DEI), British Land Company PLC (BLND), Liberty Property Trust (LPT), EPR Properties (EPR), Dupont Fabros Technology (DFT), SEGRO plc (SGRO), STORE Capital Corporation (STOR), Biomed Realty Trust (BMR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Intu Properties PLC (INTU), Derwent London Plc (DLN), Shaftesbury plc (SHB), Columbia Property Trust (CXP), Washington Real Estate Investment Trust (WRE), Lexington Realty Trust (LXP) and Select Income REIT (SIR).
Who are Empire State Realty Trust's key executives?
Empire State Realty Trust's management team includes the folowing people:
- Anthony Edward Malkin, Chairman of the Board, Chief Executive Officer
- John B. Kessler, President, Chief Operating Officer
- David A. Karp, Chief Financial Officer, Executive Vice President, Treasurer
- Thomas N. Keltner Jr., Executive Vice President, General Counsel, Secretary
- Thomas P. Durels, Executive Vice President, Director of Leasing & Operations
- Peter L. Malkin, Chairman Emeritus
- William H. Berkman, Independent Director
- Leslie Dougherty Biddle, Independent Director
- Thomas J. DeRosa, Independent Director
- Steven J. Gilbert, Independent Director
Who owns Empire State Realty Trust stock?
Empire State Realty Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.16%), Daiwa Securities Group Inc. (4.62%), BlackRock Inc. (4.52%), Resolution Capital Ltd (3.43%), FMR LLC (3.14%) and Alliancebernstein L.P. (2.82%). View Institutional Ownership Trends for Empire State Realty Trust.
Who sold Empire State Realty Trust stock? Who is selling Empire State Realty Trust stock?
Empire State Realty Trust's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, Macquarie Group Ltd., Westpac Banking Corp, Schwab Charles Investment Management Inc., Resolution Capital Ltd, Chilton Capital Management LLC and Teachers Advisors LLC. View Insider Buying and Selling for Empire State Realty Trust.
Who bought Empire State Realty Trust stock? Who is buying Empire State Realty Trust stock?
Empire State Realty Trust's stock was bought by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., American Century Companies Inc., Russell Investments Group Ltd., Balyasny Asset Management LLC, Green Street Investors LLC, BlackRock Inc., Alliancebernstein L.P. and Goldman Sachs Group Inc.. View Insider Buying and Selling for Empire State Realty Trust.
How do I buy Empire State Realty Trust stock?
Shares of Empire State Realty Trust can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Empire State Realty Trust's stock price today?
One share of Empire State Realty Trust stock can currently be purchased for approximately $20.35.
MarketBeat Community Rating for Empire State Realty Trust (NYSE ESRT)MarketBeat's community ratings are surveys of what our community members think about Empire State Realty Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Empire State Realty Trust (NYSE:ESRT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 2.25) |
| Consensus Price Target: | $21.75 (6.88% upside) |
Analysts' Ratings History for Empire State Realty Trust (NYSE:ESRT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/22/2017 | Goldman Sachs Group, Inc. (The) | Reiterated Rating | Neutral -> Neutral | $21.00 | Low |  |
| 5/31/2017 | BMO Capital Markets | Set Price Target | Buy | $23.00 | Low | |
| 5/31/2017 | Evercore ISI | Initiated Coverage | In -> In-Line | $23.00 | Low | |
| 11/30/2016 | Wells Fargo & Company | Set Price Target | Hold | $20.00 | N/A | |
| 8/25/2016 | BTIG Research | Initiated Coverage | Buy | $24.00 | N/A | |
| 3/28/2016 | Cowen and Company | Initiated Coverage | Outperform | $20.00 | N/A | |
| 2/24/2016 | Stifel Nicolaus | Lower Price Target | Buy | $20.00 -> $18.00 | N/A | |
(Data available from 9/25/2015 forward)
Earnings History for Empire State Realty Trust (NYSE:ESRT)Earnings History by Quarter for Empire State Realty Trust (NYSE ESRT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/31/2017 | | | | | | | N/A | |
| 7/26/2017 | Q2 2017 | $0.24 | $0.25 | $118.81 million | $120.80 million | View | N/A | |
| 4/26/2017 | Q1 2017 | $0.20 | $0.21 | $118.20 million | $164.95 million | View | N/A | |
| 2/22/2017 | Q416 | $0.23 | $0.25 | $117.30 million | $179.26 million | View | N/A | |
| 7/27/2016 | Q216 | $0.26 | $0.24 | $116.59 million | $165.80 million | View | N/A | |
| 4/27/2016 | Q116 | $0.20 | $0.21 | $130.79 million | $157.10 million | View | N/A | |
| 2/22/2016 | Q415 | $0.23 | $0.24 | $113.55 million | $165.20 million | View | Listen | |
| 10/28/2015 | Q315 | $0.26 | $0.27 | $114.12 million | $175.80 million | View | Listen | |
| 7/29/2015 | Q215 | $0.23 | $0.26 | $110.94 million | $112.90 million | View | Listen | |
| 4/28/2015 | Q115 | $0.19 | $0.20 | $111.82 million | $151.88 million | View | N/A | |
| 2/25/2015 | Q414 | $0.20 | $0.25 | $121.99 million | $170.40 million | View | N/A | |
| 10/29/2014 | Q314 | $0.22 | $0.25 | $114.90 million | $169.40 million | View | N/A | |
| 7/30/2014 | Q1 | $0.21 | $0.22 | $91.29 million | $155.17 million | View | N/A | |
| 5/6/2014 | Q1 2014 | $0.15 | $0.17 | $88.52 million | $90.20 million | View | N/A | |
| 2/27/2014 | | $0.17 | $0.17 | $93.12 million | $127.60 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Empire State Realty Trust (NYSE:ESRT)Current Year EPS Consensus Estimate: $0.95 EPS
Next Year EPS Consensus Estimate: $1.04 EPS
Current Dividend Information for Empire State Realty Trust (NYSE:ESRT)| Next Dividend: | 9/29/2017 |
| Annual Dividend: | $0.42 |
| Dividend Yield: | 2.06% |
| Dividend Growth: | 71.40% (3 Year Average) |
| Payout Ratio: | 107.70% (Trailing 12 Months of Earnings)
44.21% (Based on This Year's Estimates)
40.38% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Empire State Realty Trust (NYSE ESRT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/10/2017 | quarterly | $0.11 | 2.05% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 5/15/2017 | quarterly | $0.11 | 2.04% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 2/21/2017 | quarterly | $0.11 | 1.95% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 11/25/2016 | Quarterly | $0.11 | 2.09% | 12/13/2016 | 12/15/2016 | 12/29/2016 |
| 9/8/2016 | quarterly | $0.11 | 1.97% | 9/15/2016 | 9/19/2016 | 9/30/2016 |
| 6/2/2016 | quarterly | $0.11 | 2.19% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/22/2016 | quarterly | $0.09 | 2.18% | 3/14/2016 | 3/16/2016 | 3/31/2016 |
| 12/4/2015 | quarterly | $0.09 | 1.86% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 8/26/2015 | quarterly | $0.09 | 2.09% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 5/21/2015 | quarterly | $0.09 | 1.87% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 2/19/2015 | quarterly | $0.09 | 1.86% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 12/1/2014 | quarterly | $0.09 | 2.02% | 12/11/2014 | 12/15/2014 | 12/31/2014 |
| 9/2/2014 | quarterly | $0.09 | 2.08% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/22/2014 | quarterly | $0.09 | 2.05% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 2/21/2014 | quarterly | $0.09 | 2.27% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 12/6/2013 | special | $0.08 | | 12/12/2013 | 12/16/2013 | 12/30/2013 |
| 12/5/2013 | quarterly | $0.08 | | | 12/16/2013 | 12/30/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Empire State Realty Trust (NYSE:ESRT)Insider Ownership Percentage: 11.80%
Institutional Ownership Percentage: 83.50%
Insider Trades by Quarter for Empire State Realty Trust (NYSE:ESRT)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 2/26/2016 | Salvatore Michael Giliberto | Director | Buy | 1,000 | $15.94 | $15,940.00 | |
| 8/25/2014 | Alice Connell | Director | Buy | 1,205 | $16.61 | $20,015.05 | |
(Data available from 1/1/2013 forward)
Headline Trends for Empire State Realty Trust (NYSE:ESRT)
Latest Headlines for Empire State Realty Trust (NYSE:ESRT)
| Source: |
|
| Date | Headline |
|---|
 | Empire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : September 20, 2017
finance.yahoo.com - September 20 at 7:22 PM |
| Empire State Realty Trust Leases Three Full Floors Totaling 108,000 Sq. Ft. at 1400 Broadway
finance.yahoo.com - September 20 at 7:22 PM |
 | Empire State Realty Trust Redefines 34th Street Retail Landscape by Reimagining World-Famous Observatory Entrance - PR Newswire (press release)
www.prnewswire.com - September 19 at 6:23 PM |
| Empire State Realty Trust Redefines 34th Street Retail Landscape by Reimagining World-Famous Observatory Entrance
finance.yahoo.com - September 19 at 6:23 PM |
 | Empire State Realty Trust, Inc. (ESRT) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - September 12 at 11:16 AM |
| Empire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : September 8, 2017
finance.yahoo.com - September 8 at 11:54 PM |
 | Empire State Realty Trust Refinances Its Existing Revolving Credit Facility and Term Loan - Business Wire (press release)
www.businesswire.com - September 6 at 1:05 AM |
| Empire State Realty Trust Refinances Its Existing Revolving Credit Facility and Term Loan
finance.yahoo.com - September 5 at 8:04 PM |
| Empire State Realty Trust to Present at Bank of America’s 2017 Global Real Estate Conference
finance.yahoo.com - September 5 at 8:04 PM |
| Empire State Realty Trust Announces Winner Of Sixth Annual Photo Contest - PR Newswire (press release)
www.prnewswire.com - August 30 at 7:42 PM |
| Empire State Realty Trust Announces Winner Of Sixth Annual Photo Contest
finance.yahoo.com - August 29 at 6:50 PM |
| Empire State Realty Trust, Inc. (ESRT) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 18 at 11:16 AM |
| Empire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : August 17, 2017
finance.yahoo.com - August 17 at 7:41 PM |
| See what the IHS Markit Score report has to say about Empire State Realty Trust Inc.
finance.yahoo.com - August 12 at 5:41 PM |
| Empire State Realty Trust Inc Declares Quarterly Dividend of $0.11 (NYSE:ESRT)
www.americanbankingnews.com - August 10 at 5:32 PM |
| Reviewing Columbia Property Trust (CXP) and Empire State Realty Trust (NYSE:ESRT)
www.americanbankingnews.com - August 10 at 12:32 AM |
 | Pro-Trader Daily: Earnings Review and Free Research Report: Empire State Realty Trust's Q2 Core FFO per Share Beat Forecasts
www.finanznachrichten.de - August 9 at 11:39 PM |
| Empire State Realty Trust, Inc. Announces Dividend for Third Quarter 2017
finance.yahoo.com - August 9 at 6:36 PM |
| ESRT Expands Priceline's Agoda to Full Floor at Empire State Building
finance.yahoo.com - August 9 at 6:36 PM |
| Empire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : August 1, 2017
finance.yahoo.com - August 1 at 7:00 PM |
| Zacks Investment Research Downgrades Empire State Realty Trust, Inc. (ESRT) to Sell
www.americanbankingnews.com - August 1 at 5:56 PM |
 | Empire State Realty Trust, Inc. 2017 Q2 - Results - Earnings Call Slides
seekingalpha.com - July 30 at 10:21 PM |
| Empire State Realty Trust's (ESRT) CEO Tony Malkin on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - July 30 at 5:19 PM |
| Edited Transcript of ESRT earnings conference call or presentation 27-Jul-17 12:30pm GMT
finance.yahoo.com - July 27 at 11:59 PM |
| Investor Network: Empire State Realty Trust, Inc. to Host Earnings Call
finance.yahoo.com - July 27 at 6:56 PM |
| Empire State Realty Trust, Inc. (ESRT) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - July 26 at 9:34 PM |
| Empire State Realty Trust Announces Second Quarter 2017 Results - Business Wire (press release)
www.businesswire.com - July 26 at 6:59 PM |
| Empire State Realty Trust Announces Second Quarter 2017 Results
finance.yahoo.com - July 26 at 6:59 PM |
| Empire State Realty Trust reports 2Q results
finance.yahoo.com - July 26 at 6:59 PM |
| Empire State Realty Trust, Inc. (ESRT) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - July 24 at 11:38 AM |
| Empire State Building And iHeartHedia Premiere New Music-To-Light Show Featuring The King Of Bachata Romeo ... - PR Newswire (press release)
www.prnewswire.com - July 20 at 3:57 PM |
| Empire State Building And iHeartHedia Premiere New Music-To-Light Show Featuring The King Of Bachata Romeo Santos
finance.yahoo.com - July 20 at 3:57 PM |
| Celebrate Summer At The Empire State Building
finance.yahoo.com - July 17 at 7:22 PM |
| Empire State Realty Trust (NYSE:ESRT) vs. Douglas Emmett (DEI) Head to Head Review
www.americanbankingnews.com - July 9 at 6:18 PM |
| Empire State Realty Trust Announces Dates for Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 8 at 10:37 AM |
| $119.96 Million in Sales Expected for Empire State Realty Trust, Inc. (ESRT) This Quarter
www.americanbankingnews.com - July 7 at 1:32 PM |
| $0.24 Earnings Per Share Expected for Empire State Realty Trust, Inc. (NYSE:ESRT) This Quarter
www.americanbankingnews.com - July 5 at 2:06 PM |
 | Here's Why Parkway Inc. Shares Are Soaring by 12% Today - Motley Fool
www.fool.com - June 30 at 11:44 PM |
| iCapital® Network Leases Full Floor at Empire State Realty Trust's One Grand Central Place - PR Newswire (press release)
www.prnewswire.com - June 30 at 11:44 PM |
| Here's Why Parkway Inc. Shares Are Soaring by 12% Today
finance.yahoo.com - June 30 at 6:42 PM |
| Empire State Realty Trust Launches Sixth Annual Photo Contest - PR Newswire (press release)
www.prnewswire.com - June 28 at 6:47 PM |
| iCapital® Network Leases Full Floor at Empire State Realty Trust's One Grand Central Place
finance.yahoo.com - June 28 at 6:47 PM |
| Empire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : June 28, 2017
finance.yahoo.com - June 28 at 1:46 PM |
| Empire State Realty Trust Launches Sixth Annual Photo Contest
finance.yahoo.com - June 28 at 1:46 PM |
| Empire State Realty Trust, Inc. (ESRT) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 27 at 8:42 AM |
 | Goldman On REITs: Buy SL Green, Sell Paramount Group - Benzinga
www.benzinga.com - June 22 at 5:38 PM |
| Empire State Building And iHeartMedia New York's Q104.3 To Premiere Music-To-Light Show During Live ... - PR Newswire (press release)
www.prnewswire.com - June 22 at 5:38 PM |
| Empire State Building And iHeartMedia New York's Q104.3 To Premiere Music-To-Light Show During Live Performance By Dead & Company
finance.yahoo.com - June 22 at 5:38 PM |
| Empire State Realty Trust, Inc. (ESRT) Given "Neutral" Rating at Goldman Sachs Group, Inc. (The)
www.americanbankingnews.com - June 22 at 9:30 AM |
| Head-To-Head Contrast: Empire State Realty Trust (ESRT) and Arbor Realty Trust (ABR)
www.americanbankingnews.com - June 20 at 6:50 PM |
Empire State Realty Trust (ESRT) Chart for Monday, September, 25, 2017
