NYSE:ESRTEmpire State Realty Trust Stock Price, Forecast & 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 $6.63 -0.49 (-6.88 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$6.61Now: $6.63▼$7.1050-Day Range$6.75MA: $7.99▼$9.6252-Week Range$6.47Now: $6.63▼$15.96Volume5.33 million shsAverage Volume3.73 million shsMarket Capitalization$1.16 billionP/E Ratio27.63Dividend Yield5.90%Beta0.83 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial 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™ 2.8 Analyst's Opinion Consensus RatingEmpire State Realty Trust has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 2 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.38, Empire State Realty Trust has a potential upside of 56.5% from its current price of $6.63.Amount of Analyst CoverageEmpire State Realty Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Community Rank Outperform VotesEmpire State Realty Trust has received 222 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEmpire State Realty Trust has received 343 “underperform” votes. (Add your “underperform” vote.)Community SentimentEmpire State Realty Trust has received 60.71% “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 5.90%, 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 57.53 % 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 Institutions79.68% 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 21.67% in the coming year, from $0.60 to $0.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Empire State Realty Trust is 27.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 27.63, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.40.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 8.92. 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 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.8Community Rank: 2.0Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.19 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 Ratio1.08 Current Ratio1.88 Quick Ratio1.88Price-To-Earnings Trailing P/E Ratio27.63 Forward P/E Ratio11.05 P/E Growth8.92 Sales & Book Value Annual Sales$731.34 million Price / Sales1.59 Cash Flow$1.23 per share Price / Cash Flow5.38 Book Value$10.54 per share Price / Book0.63Profitability EPS (Most Recent Fiscal Year)$0.90 Net Income$51.19 million Net Margins7.96% Return on Equity3.04% Return on Assets1.40%Miscellaneous Employees813 Outstanding Shares175,460,000Market Cap$1.16 billion Next Earnings Date7/22/2020 (Estimated) OptionableOptionable ESRT Rates by TradingView 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 COVID-19 (Coronavirus)? Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ESRT stock has decreased by 37.9% and is now trading at $6.63. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Empire State Realty Trust? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 2 sell ratings and 2 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, July 22nd 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) released its quarterly earnings results on Wednesday, April, 22nd. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.17 by $0.15. The real estate investment trust earned $148.11 million during the quarter, compared to analyst estimates of $129.66 million. Empire State Realty Trust had a return on equity of 3.04% and a net margin of 7.96%. Empire State Realty Trust's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. 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 declared a quarterly dividend on Friday, February 28th. Stockholders of record on Monday, March 16th will be given a dividend of $0.105 per share on Tuesday, March 31st. This represents a $0.42 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Friday, March 13th. View Empire State Realty Trust's dividend history. What price target have analysts set for ESRT? 4 Wall Street analysts have issued 12 month target prices for Empire State Realty Trust's shares. Their forecasts range from $7.50 to $15.00. On average, they expect Empire State Realty Trust's stock price to reach $10.38 in the next twelve months. This suggests a possible upside of 56.5% from the stock's current price. View analysts' price targets for Empire State Realty Trust. Has Empire State Realty Trust been receiving favorable news coverage? Media coverage about ESRT stock has trended very negative on Saturday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Empire State Realty Trust earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutEmpire State Realty Trust. Are investors shorting Empire State Realty Trust? Empire State Realty Trust saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,400,000 shares, an increase of 17.0% from the April 30th total of 3,760,000 shares. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.0% of the shares of the company are short sold. View Empire State Realty Trust's Current Options Chain. Who are some of Empire State Realty Trust's key competitors? Some companies that are related to Empire State Realty Trust include Store Capital (STOR), First Industrial Realty Trust (FR), CoreSite Realty (COR), Eastgroup Properties (EGP), Rexford Industrial Realty (REXR), Cousins Properties (CUZ), American Campus Communities (ACC), Life Storage (LSI), Healthcare Realty Trust (HR), JBG SMITH Properties (JBGS), Equity Commonwealth (EQC), QTS Realty Trust (QTS), Stag Industrial (STAG), Highwoods Properties (HIW) and Starwood Property Trust (STWD). 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 Exxon Mobil (XOM), QUALCOMM (QCOM), General Electric (GE), Alibaba Group (BABA), Ford Motor (F), Home Depot (HD), AT&T (T), Verizon Communications (VZ), Bank of America (BAC) and Cisco Systems (CSCO). 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 Cohen & Steers Inc. (11.71%), BlackRock Inc. (5.34%), Southeastern Asset Management Inc. TN (3.95%), Resolution Capital Ltd (2.96%), Centersquare Investment Management LLC (2.92%) and State Street Corp (2.85%). Company insiders that own Empire State Realty Trust stock include David A Karp and Quark Holding Llc. 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 Invesco Ltd., JPMorgan Chase & Co., Alliancebernstein L.P., Centersquare Investment Management LLC, Balyasny Asset Management LLC, Bank of New York Mellon Corp, Citigroup Inc., 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 purchased by a variety of institutional investors in the last quarter, including Southeastern Asset Management Inc. TN, V3 Capital Management L.P., Cohen & Steers Inc., Legal & General Group Plc, BNP Paribas Arbitrage SA, Grantham Mayo Van Otterloo & Co. LLC, Aperio Group LLC, and Resolution Capital Ltd. Company insiders that have bought Empire State Realty Trust stock in the last two years include David A Karp, and Quark Holding Llc. 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 $6.63. How big of a company is Empire State Realty Trust? Empire State Realty Trust has a market capitalization of $1.16 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 5/30/2020 by MarketBeat.com Staff
