NYSE:ESRT Empire State Realty Trust Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Empire State Realty Trust Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $6.09 +0.15 (+2.53 %) (As of 09/28/2020 05:54 AM ET) Add Compare Share Today's Range$5.91Now: $6.09▼$6.1250-Day Range$5.79MA: $6.37▼$6.7452-Week Range$5.75Now: $6.09▼$14.91Volume1.67 million shsAverage Volume2.38 million shsMarket Capitalization$1.05 billionP/E Ratio46.85Dividend Yield6.90%Beta0.65 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingEmpire State Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.90, Empire State Realty Trust has a forecasted upside of 62.6% from its current price of $6.09.Amount of Analyst CoverageEmpire State Realty Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 1.9 Community Rank Outperform VotesEmpire State Realty Trust has received 222 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEmpire State Realty Trust has received 353 “underperform” votes. (Add your “underperform” vote.)Community SentimentEmpire State Realty Trust has received 61.39% “underperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipEmpire State Realty Trust is a leading dividend payer. It pays a dividend yield of 6.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEmpire State Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Empire State Realty Trust is 46.67%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Empire State Realty Trust will have a dividend payout ratio of 56.00% next year. This indicates that Empire State Realty Trust will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Empire State Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 12.10% of the stock of Empire State Realty Trust is held by insiders.Percentage Held by Institutions80.55% of the stock of Empire State Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Empire State Realty Trust are expected to grow by 29.31% in the coming year, from $0.58 to $0.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Empire State Realty Trust is 46.85, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 46.85, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.53.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 3.60. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEmpire State Realty Trust has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.22 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:ESRT Previous Symbol CUSIPN/A CIK1541401 Webwww.empirestaterealtytrust.com Phone212-687-8700Debt Debt-to-Equity Ratio1.12 Current Ratio1.82 Quick Ratio1.82Price-To-Earnings Trailing P/E Ratio46.85 Forward P/E Ratio10.50 P/E Growth3.6 Sales & Book Value Annual Sales$731.34 million Price / Sales1.44 Cash Flow$1.28 per share Price / Cash Flow4.74 Book Value$10.71 per share Price / Book0.57Profitability EPS (Most Recent Fiscal Year)$0.90 Net Income$51.19 million Net Margins3.97% Return on Equity1.48% Return on Assets0.65%Miscellaneous Employees813 Outstanding Shares172,817,000Market Cap$1.05 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $6.09 +0.15 (+2.53 %) (As of 09/28/2020 05:54 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive ESRT News and Ratings via Email Sign-up to receive the latest news and ratings for ESRT and its competitors with MarketBeat's FREE daily newsletter. Empire State Realty Trust (NYSE:ESRT) Frequently Asked Questions How has Empire State Realty Trust's stock been impacted by Coronavirus? Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ESRT shares have decreased by 42.9% and is now trading at $6.09. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Empire State Realty Trust? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Empire State Realty Trust. When is Empire State Realty Trust's next earnings date? Empire State Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020. View our earnings forecast for Empire State Realty Trust. How were Empire State Realty Trust's earnings last quarter? Empire State Realty Trust Inc (NYSE:ESRT) issued its earnings results on Wednesday, July, 29th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by $0.03. The real estate investment trust had revenue of $138 million for the quarter, compared to analysts' expectations of $144.66 million. Empire State Realty Trust had a return on equity of 1.48% and a net margin of 3.97%. View Empire State Realty Trust's earnings history. 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 Tuesday, June 9th. Stockholders of record on Friday, June 19th will be paid a dividend of $0.105 per share on Tuesday, June 30th. This represents a $0.42 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Thursday, June 18th. View Empire State Realty Trust's dividend history. What price target have analysts set for ESRT? 5 equities research analysts have issued 12 month target prices for Empire State Realty Trust's shares. Their forecasts range from $6.50 to $15.00. On average, they anticipate Empire State Realty Trust's stock price to reach $9.90 in the next twelve months. This suggests a possible upside of 62.6% from the stock's current price. View analysts' price targets 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 Cousins Properties (CUZ), Healthcare Realty Trust (HR), QTS Realty Trust (QTS), Klepierre (KLPEF), MGM Growth Properties (MGP), Equity Commonwealth (EQC), Physicians Realty Trust (DOC), Rayonier (RYN), JBG SMITH Properties (JBGS), Highwoods Properties (HIW), SL Green Realty (SLG), Brixmor Property Group (BRX), Agree Realty (ADC), New Residential Investment (NRZ) and Blackstone Mortgage Trust (BXMT). View all competitors. 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 QUALCOMM (QCOM), Exxon Mobil (XOM), Intel (INTC), Cisco Systems (CSCO), Raytheon Technologies (RTX), Verizon Communications (VZ), Alibaba Group (BABA), CVS Health (CVS), General Electric (GE) and AT&T (T). Who are Empire State Realty Trust's key executives? Empire State Realty Trust's management team includes the following 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) 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.17%), Balyasny Asset Management LLC (2.08%), Lasalle Investment Management Securities LLC (1.92%), Resolution Capital Ltd (1.65%), FMR LLC (1.59%) and Goldman Sachs Group Inc. (1.08%). View institutional ownership trends for Empire State Realty Trust. Which major investors are selling Empire State Realty Trust stock? ESRT stock was sold by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Vanguard Group Inc., Russell Investments Group Ltd., Charles Schwab Investment Management Inc., Sei Investments Co., Goldman Sachs Group Inc., Man Group plc, and WINTON GROUP Ltd. View insider buying and selling activity for Empire State Realty Trust. Which major investors are buying Empire State Realty Trust stock? ESRT stock was acquired by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Lasalle Investment Management Securities LLC, Waterfront Capital Partners LLC, Nordea Investment Management AB, Bank of America Corp DE, Cubist Systematic Strategies LLC, AQR Capital Management LLC, and Raymond James & Associates. View insider buying and selling activity 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, Robinhood, 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 $6.09. How big of a company is Empire State Realty Trust? Empire State Realty Trust has a market capitalization of $1.05 billion and generates $731.34 million in revenue each year. The real estate investment trust earns $51.19 million in net income (profit) each year or $0.90 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? The official website for Empire State Realty Trust is www.empirestaterealtytrust.com. 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] This page was last updated on 9/28/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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