Positive News Sentiment NYSE:ESRT Empire State Realty Trust - ESRT Stock Forecast, Price & News Adding Choose a watchlist: 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. $8.09 -0.12 (-1.46%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.03▼$8.2150-Day Range$6.54▼$8.5852-Week Range$6.24▼$10.06Volume861,305 shsAverage Volume967,417 shsMarket Capitalization$1.31 billionP/E Ratio67.42Dividend Yield1.67%Price Target$7.67 ProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Empire State Realty Trust MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.2% Downside$7.67 Price TargetShort InterestBearish9.70% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability-1.73Upright™ Environmental ScoreNews Sentiment1.69Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-2.35%From $0.85 to $0.83 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.70 out of 5 starsFinance Sector762nd out of 861 stocksReal Estate Investment Trusts Industry166th out of 190 stocks 1.0 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 1 buy rating, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.67, Empire State Realty Trust has a forecasted downside of 5.2% from its current price of $8.09.Amount of Analyst CoverageEmpire State Realty Trust has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted9.70% of the float of Empire State Realty Trust has been sold short.Short Interest Ratio / Days to CoverEmpire State Realty Trust has a short interest ratio ("days to cover") of 11.1, which indicates bearish sentiment.Change versus previous monthShort interest in Empire State Realty Trust has recently increased by 1.77%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEmpire State Realty Trust pays a meaningful dividend of 1.67%, higher than the bottom 25% of all stocks that pay dividends.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 116.67%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Empire State Realty Trust will have a dividend payout ratio of 16.87% next year. This indicates that Empire State Realty Trust will be able to sustain or increase its dividend. Previous Next 2.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreEmpire State Realty Trust has received a 9.83% net impact score from Upright. Empire State Realty seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Office leasing services", "Urban street retail space leasing services ", and "Shopping mall space leasing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Empire State Realty Trust is -1.73. Previous Next 3.7 News and Social Media Coverage News SentimentEmpire State Realty Trust has a news sentiment score of 1.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Empire State Realty Trust this week, compared to 2 articles on an average week.Search Interest5 people have searched for ESRT on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Empire State Realty Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 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 Insiders13.29% of the stock of Empire State Realty Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions76.81% 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 decrease by -2.35% in the coming year, from $0.85 to $0.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Empire State Realty Trust is 67.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 67.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 185.92.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 1.15. 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 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Empire State Realty Trust (NYSE:ESRT) StockEmpire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. It operates through the Real Estate and Observatory segments. The Real Estate segment includes ownership, management, operation, acquisition, repositioning, and disposition of real estate assets. The Observatory segment manages observatories at the Empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.Read More Receive ESRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Empire State Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESRT Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comEmpire State Realty Trust Among the First to Renew WELL Health-Safety Rating for the Second Time, and Commit to WELL at Scale and Inaugural WELL Equity RatingFebruary 1, 2023 | americanbankingnews.comEmpire State Realty Trust (NYSE:ESRT) Sees Large Volume IncreaseFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 28, 2023 | americanbankingnews.comEmpire State Realty Trust, Inc. (NYSE:ESRT) Receives Consensus Recommendation of "Hold" from BrokeragesJanuary 27, 2023 | finance.yahoo.comThis Beaten-Down Stock Could Finally Turn Around in 2023January 26, 2023 | finance.yahoo.comEmpire State Realty Trust Announces 2022 Tax Treatment of Its DistributionsJanuary 20, 2023 | finance.yahoo.comEmpire State Building Kicks off Lunar New Year 2023 CelebrationsJanuary 5, 2023 | finance.yahoo.comESRT Welcomes Calzedonia to Retail Roster at 1333 BroadwayFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...December 21, 2022 | seekingalpha.comEmpire State Realty buys apartment for $115M, sells non-core office assets for $95MDecember 13, 2022 | msn.comEmpire State Realty Trust: Dividend InsightsDecember 9, 2022 | finance.yahoo.comEmpire State Realty Trust Announces Dividend for Fourth Quarter 2022November 28, 2022 | finance.yahoo.com'Tis the Season: Empire State Building Unveils Spectacular Holiday Decorations, Window Displays, and First Ever Santa Visit for Observatory GuestsNovember 11, 2022 | finanznachrichten.deEmpire State Realty Trust, Inc.: ESRT Welcomes Pandora to Retail Roster at 112 W. 34th StreetNovember 10, 2022 | finance.yahoo.comESRT Welcomes Pandora to Retail Roster at 112 W. 34th StreetNovember 8, 2022 | finance.yahoo.comEmpire State Realty Trust Third Quarter 2022 Earnings: FFO per share: US$0.3 (vs US$0.31 in 3Q 2021)November 1, 2022 | finance.yahoo.comEmpire State Realty Trust Announces ESRT Bees with Beehives at the Empire State Building and Three Other NYC PropertiesOctober 29, 2022 | finance.yahoo.comEmpire State Realty Trust, Inc.: Empire State Realty Reports Middling Third-Quarter Results; Reducing Fair Value Estimate to $10October 28, 2022 | finance.yahoo.comEmpire State Realty Trust, Inc.: We've Lowered Our Long-Term Rent Growth and Occupancy Expectations for Empire StateOctober 27, 2022 | markets.businessinsider.comBMO Capital Reaffirms Their Hold Rating on Empire State Realty (ESRT)October 26, 2022 | finance.yahoo.comEmpire State Realty Trust Announces Third Quarter 2022 ResultsOctober 25, 2022 | msn.comEarnings Preview For Empire State Realty TrustOctober 25, 2022 | finance.yahoo.comEmpire State Realty Trust Becomes America's First Commercial Office REIT to Join Both the United Nations Global Compact and the Women's Empowerment PrinciplesOctober 18, 2022 | finance.yahoo.comEmpire State Realty Trust Achieves Top GRESB 5 Star Rating for Third Consecutive Year; Named Global, Americas Regional, and Americas Regional Listed Sector Leader for OfficeOctober 15, 2022 | seekingalpha.comESRT Empire State Realty Trust, Inc.October 10, 2022 | finance.yahoo.comEmpire State Realty Trust, Inc.: Kilroy’s High-Quality Office Portfolio Now Looks Appetizingly CheapOctober 7, 2022 | finance.yahoo.comEmpire State Building Hosts Annual Run-Up, Presented by Turkish Airlines and Powered by the Challenged Athletes FoundationSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ESRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Empire State Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESRT Company Calendar Last Earnings10/27/2021Ex-Dividend for 12/30 Dividend12/16/2022Dividend Payable12/30/2022Today2/07/2023Next Earnings (Confirmed)2/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:ESRT CUSIPN/A CIK1541401 Webwww.empirestaterealtytrust.com Phone(212) 687-8700Fax212-850-2751Employees693Year FoundedN/APrice Target and Rating Average Stock Price Forecast$7.67 High Stock Price Forecast$10.00 Low Stock Price Forecast$5.00 Forecasted Upside/Downside-5.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.12 Trailing P/E Ratio67.42 Forward P/E Ratio9.52 P/E Growth1.15Net Income$-6,510,000.00 Net Margins3.22% Pretax Margin5.56% Return on Equity1.36% Return on Assets0.54% Debt Debt-to-Equity Ratio1.36 Current Ratio7.52 Quick Ratio7.52 Sales & Book Value Annual Sales$624.09 million Price / Sales2.09 Cash Flow$1.18 per share Price / Cash Flow6.85 Book Value$9.90 per share Price / Book0.82Miscellaneous Outstanding Shares161,420,000Free Float139,968,000Market Cap$1.31 billion OptionableOptionable Beta1.20 Key ExecutivesAnthony E. MalkinChairman, President & Chief Executive OfficerChristina ChiuExecutive VP, Chief Operating & Financial OfficerChristopher BlackmanChief Information OfficerHeather Lawson HoustonVice President & Compliance OfficerRyan KassSenior Vice President & Director-LeasingKey CompetitorsPennyMac Mortgage Investment TrustNYSE:PMTNexPoint Residential TrustNYSE:NXRTParamount GroupNYSE:PGREMFA FinancialNYSE:MFALadder CapitalNYSE:LADRView All CompetitorsInsiders & InstitutionsMitsubishi UFJ Kokusai Asset Management Co. Ltd.Bought 9,617 shares on 2/7/2023Ownership: 0.044%Envestnet Asset Management Inc.Sold 1,605 shares on 2/7/2023Ownership: 0.024%Asset Management One Co. Ltd.Bought 6,668 shares on 2/6/2023Ownership: 0.133%Daiwa Securities Group Inc.Sold 1,596 shares on 2/6/2023Ownership: 0.022%Hill Winds Capital LPSold 670,000 shares on 2/3/2023Ownership: 0.112%View All Institutional Transactions ESRT Stock - Frequently Asked Questions Should I buy or sell Empire State Realty Trust stock right now? 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. What is Empire State Realty Trust's stock price forecast for 2023? 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. How have ESRT shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting Empire State Realty Trust? 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. When is Empire State Realty Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023. View our ESRT earnings forecast. How can I listen to Empire State Realty Trust's earnings call? 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". How were Empire State Realty Trust's earnings last quarter? 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. 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, 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. Is Empire State Realty Trust a good dividend stock? 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. What is Anthony E. Malkin's approval rating as Empire State Realty Trust's CEO? 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. 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), 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). 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 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. How do I buy shares of Empire State Realty Trust? 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. Compare Top Brokerages Here. What is Empire State Realty Trust's stock price today? One share of ESRT stock can currently be purchased for approximately $8.09. How much money does Empire State Realty Trust make? 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. How many employees does Empire State Realty Trust have? The company employs 693 workers across the globe. 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 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. This page (NYSE:ESRT) was last updated on 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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 from 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. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.