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, 2018, 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
Phone212-687-8700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$731.51 million
Profitability
Miscellaneous
Employees813
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable
Empire State Realty Trust (NYSE:ESRT) Frequently Asked Questions
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 announced a quarterly dividend on Monday, March 4th. Shareholders of record on Friday, March 15th will be given a dividend of $0.105 per share on Friday, March 29th. This represents a $0.42 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Thursday, March 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) issued its quarterly earnings results on Wednesday, February, 20th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The real estate investment trust earned $123.26 million during the quarter, compared to the consensus estimate of $123.75 million. Empire State Realty Trust had a return on equity of 4.01% and a net margin of 10.86%. The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. View Empire State Realty Trust's Earnings History.
When is Empire State Realty Trust's next earnings date?
What price target have analysts set for ESRT?
3 brokers have issued twelve-month price targets for Empire State Realty Trust's stock. Their forecasts range from $17.00 to $24.00. On average, they expect Empire State Realty Trust's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price. View Analyst Price Targets for Empire State Realty Trust.
What is the consensus analysts' recommendation for Empire State Realty Trust?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Empire State Realty Trust.
Has Empire State Realty Trust been receiving favorable news coverage?
Media coverage about ESRT stock has trended neutral this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the near term.
Who are some of Empire State Realty Trust's key competitors?
Some companies that are related to Empire State Realty Trust include Regency Centers (REG), Duke Realty (DRE), Gecina (GECFF), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), AGNC Investment (AGNC), Camden Property Trust (CPT), VICI Properties (VICI), National Retail Properties (NNN), Vereit (VER), Gaming and Leisure Properties (GLPI), Kilroy Realty (KRC) and Kimco Realty (KIM).
What other stocks do shareholders of Empire State Realty Trust own?
Who are Empire State Realty Trust's key executives?
Empire State Realty Trust's management team includes the folowing people:
- Mr. Anthony E. Malkin, Chairman & CEO (Age 57)
- Mr. John B. Kessler, Pres & COO (Age 54)
- Mr. David A. Karp, Exec. VP & CFO (Age 59)
- Mr. Thomas N. Keltner Jr., Exec. VP, Gen. Counsel & Sec. (Age 73)
- Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 57)
Who are Empire State Realty Trust's major shareholders?
Empire State Realty Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.29%), Resolution Capital Ltd (5.24%), Cohen & Steers Inc. (2.35%), American Century Companies Inc. (1.77%), Prudential Financial Inc. (1.71%) and Dimensional Fund Advisors LP (1.33%). Company insiders that own Empire State Realty Trust stock include Anthony E Malkin, David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Institutional Ownership Trends for Empire State Realty Trust.
Which institutional investors are selling Empire State Realty Trust stock?
ESRT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bank of America Corp DE, Real Estate Management Services LLC, Macquarie Group Ltd., Prudential Financial Inc., Northern Trust Corp, Squarepoint Ops LLC and Amundi Pioneer Asset Management Inc.. View Insider Buying and Selling for Empire State Realty Trust.
Which institutional investors are buying Empire State Realty Trust stock?
ESRT stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Cohen & Steers Inc., Bank of New York Mellon Corp, American Century Companies Inc., BlackRock Inc., Resolution Capital Ltd, Two Sigma Advisers LP and Barclays PLC. Company insiders that have bought Empire State Realty Trust stock in the last two years include David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Insider Buying and Selling for Empire State Realty Trust.
How do I buy shares of Empire State Realty Trust?
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 Trust's stock price today?
One share of ESRT stock can currently be purchased for approximately $15.78.
How big of a company is Empire State Realty Trust?
Empire State Realty Trust has a market capitalization of $2.78 billion and generates $731.51 million in revenue each year. The real estate investment trust earns $66.54 million in net income (profit) each year or $0.98 on an earnings per share basis. Empire State Realty Trust employs 813 workers across the globe.
What is Empire State Realty Trust's official website?
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 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 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 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.
