NYSE:ESRT - Empire State Realty Trust Stock Price, News, & Analysis

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$15.98 -0.21 (-1.30 %)
(As of 12/11/2018 06:00 AM ET)
Previous Close$16.19
Today's Range$15.81 - $16.30
52-Week Range$15.19 - $20.93
Volume1.22 million shs
Average Volume1.18 million shs
Market Capitalization$2.82 billion
P/E Ratio17.22
Dividend Yield2.59%
Beta0.89
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 September 30, 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:ESRT
Previous Symbol
CUSIPN/A
Phone212-687-8700

Debt

Debt-to-Equity Ratio0.96
Current Ratio7.10
Quick Ratio7.10

Price-To-Earnings

Trailing P/E Ratio17.22
Forward P/E Ratio17.96
P/E Growth6.41

Sales & Book Value

Annual Sales$712.47 million
Price / Sales3.90
Cash Flow$1.7238 per share
Price / Cash Flow9.27
Book Value$12.25 per share
Price / Book1.30

Profitability

EPS (Most Recent Fiscal Year)$0.96
Net Income$63.58 million
Net Margins12.39%
Return on Equity4.48%
Return on Assets2.17%

Miscellaneous

Employees831
Outstanding Shares174,050,000
Market Cap$2.82 billion
OptionableOptionable

Empire State Realty Trust (NYSE:ESRT) Frequently Asked Questions

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."

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 Friday, December 7th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.105 per share on Monday, December 31st. This represents a $0.42 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, December 14th. View Empire State Realty Trust's Dividend History.

How were Empire State Realty Trust's earnings last quarter?

Empire State Realty Trust Inc (NYSE:ESRT) released its quarterly earnings data on Wednesday, October, 31st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.24 by $0.14. The real estate investment trust earned $123.62 million during the quarter, compared to the consensus estimate of $123.49 million. Empire State Realty Trust had a net margin of 12.39% and a return on equity of 4.48%. Empire State Realty Trust's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. View Empire State Realty Trust's Earnings History.

When is Empire State Realty Trust's next earnings date?

Empire State Realty Trust is scheduled to release their next quarterly earnings announcement on Wednesday, February 20th 2019. View Earnings Estimates for Empire State Realty Trust.

What price target have analysts set for ESRT?

5 brokers have issued 1-year price objectives for Empire State Realty Trust's shares. Their predictions range from $18.00 to $24.00. On average, they expect Empire State Realty Trust's share price to reach $20.00 in the next year. This suggests a possible upside of 25.2% from the stock's current price. View Analyst Price Targets for Empire State Realty Trust.

What is the consensus analysts' recommendation for 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 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Empire State Realty Trust.

Has Empire State Realty Trust been receiving favorable news coverage?

Headlines about ESRT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of 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 news sentiment score of 1.0 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are some of Empire State Realty Trust's key competitors?

Who are Empire State Realty Trust's key executives?

Empire State Realty Trust's management team includes the folowing people:
  • Mr. Anthony E. Malkin, Chairman & CEO (Age 56)
  • Mr. John B. Kessler, Pres & COO (Age 53)
  • Mr. David A. Karp, Exec. VP & CFO (Age 58)
  • Mr. Thomas N. Keltner Jr., Exec. VP, Gen. Counsel & Sec. (Age 72)
  • Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 56)

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.66%), BlackRock Inc. (5.18%), Resolution Capital Ltd (5.13%), Alliancebernstein L.P. (4.51%), Brookfield Asset Management Inc. (2.88%) and Citadel Advisors LLC (1.99%). Company insiders that own Empire State Realty Trust stock include Anthony E Malkin, David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Institutional Ownership Trends for Empire State Realty Trust.

Which institutional investors are selling Empire State Realty Trust stock?

ESRT stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., FMR LLC, Cohen & Steers Inc., Waterfront Capital Partners LLC, Brookfield Asset Management Inc., Schwerin Boyle Capital Management Inc., Citadel Advisors LLC and Bank of Montreal Can. View Insider Buying and Selling for Empire State Realty Trust.

Which institutional investors are buying Empire State Realty Trust stock?

ESRT stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Vanguard Group Inc., Prudential Financial Inc., Investment Counselors of Maryland LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Schroder Investment Management Group and Renaissance Technologies LLC. Company insiders that have bought Empire State Realty Trust stock in the last two years include David A Karp, Quark Holding Llc and Salvatore Michael Giliberto. View Insider Buying and Selling 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, Scottrade, 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 $15.98.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $2.82 billion and generates $712.47 million in revenue each year. The real estate investment trust earns $63.58 million in net income (profit) each year or $0.96 on an earnings per share basis. Empire State Realty Trust employs 831 workers across the globe.

What is Empire State Realty Trust's official website?

The official website for Empire State Realty Trust is http://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]


MarketBeat Community Rating for Empire State Realty Trust (NYSE ESRT)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  170 (Vote Outperform)
Underperform Votes:  261 (Vote Underperform)
Total Votes:  431
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.
This page was last updated on 12/11/2018 by MarketBeat.com Staff

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