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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last twelve months. There are currently 2 sell ratings, 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.
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5 analysts have issued 12-month price targets for Empire State Realty Trust's stock. Their ESRT share price forecasts range from $5.00 to $10.00. On average, they expect the company's share price to reach $7.75 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
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Empire State Realty Trust's stock was trading at $8.90 at the beginning of 2022. Since then, ESRT shares have decreased by 13.7% and is now trading at $7.68.
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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, Inc. (NYSE:ESRT) posted its earnings results 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 trailing twelve-month return on equity of 1.36% and a net margin of 3.22%. During the same period last year, the company earned $0.12 EPS.

Empire State Realty Trust declared a quarterly dividend on Wednesday, August 17th. Investors of record on Thursday, September 15th will be given a dividend of $0.035 per share on Friday, September 30th. This represents a $0.14 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, September 14th.
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 1.84%. 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 16.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ESRT.

Empire State Realty Trust updated its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.83-$0.85 for the period. The company issued revenue guidance of -.

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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.81%), BlackRock Inc. (8.20%), Massachusetts Financial Services Co. MA (6.11%), Credit Suisse AG (5.70%), State Street Corp (4.32%) and Dimensional Fund Advisors LP (1.19%).
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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 $7.68.

Empire State Realty Trust (NYSE:ESRT) has a market capitalization of $1.24 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.