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: $3.28 billion
- Outstanding Shares: 157,954,000
Average Prices:- 50 Day Moving Avg: $20.74
- 200 Day Moving Avg: $20.81
- 52 Week Range: $18.62 - $22.31
P/E:- Trailing P/E Ratio: 54.89
- Foreward P/E Ratio: 103.75
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $672.28 million
- Price / Sales: 4.88
- Book Value: $7.33 per share
- Price / Book: 2.83
Dividend:- Annual Dividend: $0.42
- Dividend Yield: 2.1%
Profitability:- EBIDTA: $321.16 million
- Net Margins: 11.02%
- Return on Equity: 3.88%
- Return on Assets: 1.88%
Debt:- Debt-to-Equity Ratio: 0.81%
- Current Ratio: 6.14%
- Quick Ratio: 6.14%
Misc:- Average Volume: 935,498 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 Monday, May 15th. Investors of record on Thursday, June 15th will be paid a dividend of $0.105 per share on Friday, June 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 13th. 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, July, 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.01. The business had revenue of $120.80 million for the quarter, compared to analyst estimates of $118.81 million. Empire State Realty Trust had a return on equity of 3.88% and a net margin of 11.02%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. View Empire State Realty Trust's Earnings History.
Where is Empire State Realty Trust's stock going? Where will Empire State Realty Trust's stock price be in 2017?
5 equities research analysts have issued 1-year target prices for Empire State Realty Trust's shares. Their forecasts range from $20.00 to $24.00. On average, they expect Empire State Realty Trust's share price to reach $22.20 in the next twelve months. 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 British Land Company PLC (BLND), Liberty Property Trust (LPT), Douglas Emmett (DEI), EPR Properties (EPR), Biomed Realty Trust (BMR), Dupont Fabros Technology (DFT), Hammerson plc (HMSO), SEGRO plc (SGRO), STORE Capital Corporation (STOR), 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 Great Portland Estates Plc (GPOR).
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 variety of of institutional and retail investors. Top institutional shareholders include Resolution Capital Ltd (3.43%), Russell Investments Group Ltd. (0.95%), Real Estate Management Services LLC (0.70%), PGGM Investments (0.53%), NGAM Advisors L.P. (0.15%) and Strs Ohio (0.10%). 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 Resolution Capital Ltd, Strs Ohio, Adams Diversified Equity Fund Inc., US Bancorp DE, Loeb Partners Corp and Capital Management Corp VA. 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 purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, Breton Hill Capital Ltd., State of Alaska Department of Revenue, NGAM Advisors L.P., Aperio Group LLC and Kissinger Financial Services LLC. 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 $20.75.
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, 2 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.40) |
| Consensus Price Target: | $22.20 (6.99% 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 7/27/2015 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 |
|---|
| 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: $0.92 EPS
Next Year EPS Consensus Estimate: $0.20 EPS
Current Dividend Information for Empire State Realty Trust (NYSE:ESRT)| Most Recent Dividend: | 6/30/2017 |
| Annual Dividend: | $0.42 |
| Dividend Yield: | 2.02% |
| Dividend Growth: | 71.40% (3 Year Average) |
| Payout Ratio: | 110.53% (Trailing 12 Months of Earnings)
45.65% (Based on This Year's Estimates)
210.00% (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 |
|---|
| 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: 83.24%
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 |
|---|
 | 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, Inc. : ESRT-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 15, 2017
finance.yahoo.com - June 15 at 7:07 PM |
| Stay away from bitcoin — it’s complete garbage
finance.yahoo.com - June 15 at 7:07 PM |
 | Empire State Realty Trust, Inc. (ESRT) Ex-Dividend Date Scheduled for June 13, 2017 - Nasdaq
www.nasdaq.com - June 13 at 11:49 AM |
| $119.96 Million in Sales Expected for Empire State Realty Trust Inc (ESRT) This Quarter
www.americanbankingnews.com - June 11 at 8:52 AM |
| Zacks: Analysts Expect Empire State Realty Trust Inc (ESRT) to Announce $0.24 EPS
www.americanbankingnews.com - June 9 at 4:30 PM |
| Empire State Building Exclusive 4th Of July Celebration - PR Newswire (press release)
www.prnewswire.com - June 6 at 10:27 PM |
| Empire State Building Exclusive 4th Of July Celebration
finance.yahoo.com - June 6 at 5:27 PM |
| Empire State Realty Trust to Present at NAREIT’s REITWeek 2017
finance.yahoo.com - June 1 at 5:47 PM |
| Empire State Realty Trust Inc (ESRT) Given a $23.00 Price Target by BMO Capital Markets Analysts
www.americanbankingnews.com - June 1 at 4:14 PM |
| Empire State Realty Trust Inc (ESRT) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - May 31 at 10:32 AM |
| Empire State Realty Trust Inc (ESRT) Now Covered by Analysts at Evercore ISI
www.americanbankingnews.com - May 31 at 8:40 AM |
| Empire State Realty Trust, Inc. breached its 50 day moving average in a Bearish Manner : ESRT-US : May 29, 2017
finance.yahoo.com - May 29 at 10:45 AM |
| Empire State Realty Trust Signs 80,900 Sq. Ft. at 111 West 33rd Street
finance.yahoo.com - May 24 at 4:52 PM |
| TheStreet Downgrades Empire State Realty Trust Inc (ESRT) to C+
www.americanbankingnews.com - May 23 at 6:16 PM |
| The Empire State Building (ESB) Launches ESB AM/PM Combo Pass
finance.yahoo.com - May 23 at 12:06 PM |
| $119.68 Million in Sales Expected for Empire State Realty Trust Inc (ESRT) This Quarter
www.americanbankingnews.com - May 17 at 12:00 PM |
| Empire State Realty Trust Inc (ESRT) Announces $0.11 Quarterly Dividend
www.americanbankingnews.com - May 15 at 5:48 PM |
| Empire State Realty Trust Joins Forces with the New York City Department of Youth and Community Development
finance.yahoo.com - May 15 at 11:38 AM |
| Zacks: Analysts Expect Empire State Realty Trust Inc (ESRT) Will Announce Earnings of $0.24 Per Share
www.americanbankingnews.com - May 15 at 10:08 AM |
| Empire State Realty Trust, Inc. Announces Dividend for Second Quarter 2017
finance.yahoo.com - May 12 at 5:34 PM |
| Empire State Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : ESRT-US : May 11, 2017
finance.yahoo.com - May 11 at 5:40 PM |
| REIT Stocks on Investors' Radar -- Empire State Realty Trust, Drive Shack, Resource Capital, and RAIT Financial Trust - PR Newswire (press release)
www.prnewswire.com - May 8 at 9:08 AM |
| Empire State Realty Trust Inc (ESRT) Upgraded at TheStreet
www.americanbankingnews.com - May 1 at 6:42 PM |
| Empire State Realty Trust (ESRT) Given News Impact Score of 0.26
www.americanbankingnews.com - April 30 at 4:33 PM |
Empire State Realty Trust (ESRT) Chart for Thursday, July, 27, 2017
