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

$14.29
+0.04 (+0.28 %)
(As of 10/22/2019 04:00 PM ET)
Today's Range
$14.22
Now: $14.29
$14.35
50-Day Range
$13.69
MA: $14.05
$14.94
52-Week Range
$12.77
Now: $14.29
$16.47
Volume548,462 shs
Average Volume1.16 million shs
Market Capitalization$2.56 billion
P/E Ratio14.58
Dividend Yield2.94%
Beta0.73
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.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-687-8700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$731.51 million
Cash Flow$1.41 per share
Book Value$11.38 per share

Profitability

Net Income$66.54 million

Miscellaneous

Employees813
Market Cap$2.56 billion
Next Earnings Date10/23/2019 (Confirmed)
OptionableOptionable

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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, August 9th. Shareholders of record on Monday, September 16th will be given a dividend of $0.105 per share on Monday, September 30th. This represents a $0.42 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, September 13th. 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) posted its earnings results on Wednesday, July, 24th. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.01. The real estate investment trust earned $141.10 million during the quarter, compared to the consensus estimate of $133.31 million. Empire State Realty Trust had a return on equity of 3.26% and a net margin of 8.81%. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 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, October 23rd 2019. View Earnings Estimates for Empire State Realty Trust.

How can I listen to Empire State Realty Trust's earnings call?

Empire State Realty Trust will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for ESRT?

2 equities research analysts have issued 1 year price targets for Empire State Realty Trust's stock. Their predictions range from $15.00 to $15.00. On average, they expect Empire State Realty Trust's share price to reach $15.00 in the next year. This suggests a possible upside of 5.0% 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?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 2 hold ratings 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?

News stories about ESRT stock have been trending extremely negative on Tuesday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 media sentiment score of -4.3 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Empire State Realty Trust.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a drop in short interest during the month of September. As of September 30th, there was short interest totalling 4,900,000 shares, a drop of 11.1% from the August 30th total of 5,510,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.3% of the shares of the stock are sold short. View Empire State Realty Trust's Current Options Chain.

Who are some of Empire State Realty Trust's key 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), Ford Motor (F), Cypress Semiconductor (CY), Bank of America (BAC), General Electric (GE), Xilinx (XLNX), Corning (GLW), Kinder Morgan (KMI), Medical Properties Trust (MPW) and Intel (intc).

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 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)

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Resolution Capital Ltd (3.92%), Virginia Retirement Systems ET AL (0.19%), Perpetual Ltd (0.17%), Strs Ohio (0.11%), Envestnet Asset Management Inc. (0.04%) and Nisa Investment Advisors LLC (0.02%). 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 major investors are selling Empire State Realty Trust stock?

ESRT stock was sold by a variety of institutional investors in the last quarter, including Resolution Capital Ltd, Virginia Retirement Systems ET AL, State of Alaska Department of Revenue, Perpetual Ltd, Envestnet Asset Management Inc. and Strs Ohio. View Insider Buying and Selling for Empire State Realty Trust.

Which major investors are buying Empire State Realty Trust stock?

ESRT stock was acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Zurcher Kantonalbank Zurich Cantonalbank . 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, 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 $14.29.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $2.56 billion and generates $731.51 million in revenue each year. The real estate investment trust earns $66.54 million in net income (profit) each year or $0.98 on an earnings per share basis. Empire State Realty Trust employs 813 workers across the globe.View Additional Information About Empire State Realty Trust.

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:  1.9 out of 5 (star)
Outperform Votes:  198 (Vote Outperform)
Underperform Votes:  311 (Vote Underperform)
Total Votes:  509
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 10/22/2019 by MarketBeat.com Staff

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