Empire State Realty Trust - ESRT Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ESRT shares. 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 ESRT analyst ratings or view top-rated stocks.

4 brokerages have issued 12-month price objectives for Empire State Realty Trust's shares. Their ESRT share price forecasts range from $5.00 to $10.00. On average, they predict the company's stock price to reach $7.67 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts price targets for ESRT or view top-rated stocks among Wall Street analysts.

Empire State Realty Trust's stock was trading at $6.74 at the beginning of the year. Since then, ESRT shares have increased by 20.0% and is now trading at $8.09.
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Empire State Realty Trust saw a increase in short interest in December. As of December 30th, there was short interest totaling 12,430,000 shares, an increase of 10.1% from the December 15th total of 11,290,000 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is currently 9.9 days. Approximately 9.5% of the shares of the company are short sold.
View Empire State Realty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our ESRT earnings forecast.

Empire State Realty Trust will be holding an earnings conference call on Thursday, February 16th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13732461".

Empire State Realty Trust, Inc. (NYSE:ESRT) announced its quarterly earnings data on Wednesday, October, 27th. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.20. Empire State Realty Trust had a net margin of 3.22% and a trailing twelve-month return on equity of 1.36%. During the same period in the previous year, the business earned $0.12 earnings per share.

Empire State Realty Trust declared a quarterly dividend on Friday, December 9th. Investors of record on Monday, December 19th will be given a dividend of $0.035 per share on Friday, December 30th. This represents a $0.14 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, December 16th.
Read our dividend analysis for ESRT.

Empire State Realty Trust (NYSE:ESRT) pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.67%. The dividend payout ratio is 116.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ESRT will have a dividend payout ratio of 16.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

32 employees have rated Empire State Realty Trust Chief Executive Officer Anthony E. Malkin on Glassdoor.com. Anthony E. Malkin has an approval rating of 63% among the company's employees. This puts Anthony E. Malkin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 shareholders include Asset Management One Co. Ltd. (0.13%), Hill Winds Capital LP (0.11%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Strs Ohio (0.08%), Janney Montgomery Scott LLC (0.05%) and Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.04%).
View institutional ownership trends.

Shares of ESRT stock 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.
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One share of ESRT stock can currently be purchased for approximately $8.09.

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.31 billion and generates $624.09 million in revenue each year. The real estate investment trust earns $-6,510,000.00 in net income (profit) each year or $0.12 on an earnings per share basis.

The company employs 693 workers across the globe.

Empire State Realty Trust's mailing address is 111 WEST 33RD STREET 12TH FL, NEW YORK NY, 10120. The official website for the company is www.empirestaterealtytrust.com. The real estate investment trust can be reached via phone at (212) 687-8700, via email at ir@empirestaterealtytrust.com, or via fax at 212-850-2751.