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NYSE:ESRT

Empire State Realty Trust (ESRT) Stock Forecast, Price & News

$8.06
-0.16 (-1.95%)
(As of 05/19/2022 12:00 AM ET)
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Today's Range
$8.05
$8.27
50-Day Range
$7.76
$10.03
52-Week Range
$7.66
$13.11
Volume
1.13 million shs
Average Volume
1.76 million shs
Market Capitalization
$1.35 billion
P/E Ratio
N/A
Dividend Yield
1.65%
Beta
0.99
30 days | 90 days | 365 days | Advanced Chart
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Empire State Realty Trust logo

About Empire State Realty Trust

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, 2020, 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. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.

Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
693
Year Founded
N/A

Sales & Book Value

Annual Sales
$624.09 million
Cash Flow
$1.22 per share
Book Value
$9.92 per share

Profitability

Net Income
$-6.51 million
Pretax Margin
-4.40%

Debt

Price-To-Earnings

Miscellaneous

Free Float
145,296,000
Market Cap
$1.35 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 3/31 Dividend
3/14/2022
Dividend Payable
3/31/2022
Today
5/19/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.53 out of 5 stars

Finance Sector

421st out of 1,352 stocks

Real Estate Investment Trusts Industry

81st out of 233 stocks

Analyst Opinion: 3.0Community Rank: 3.6Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













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

Is Empire State Realty Trust a buy right now?

4 Wall Street equities research 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 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Empire State Realty Trust stock. 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 analyst ratings for Empire State Realty Trust
or view top-rated stocks.

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 27th 2022.
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) announced its quarterly earnings results on Wednesday, October, 27th. The real estate investment trust reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.20. Empire State Realty Trust had a negative trailing twelve-month return on equity of 0.89% and a negative net margin of 2.36%. During the same quarter in the previous year, the business earned $0.12 EPS.
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 Monday, May 16th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.035 per share on Thursday, June 30th. This represents a $0.14 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, June 14th.
View Empire State Realty Trust's dividend history
.

Is Empire State Realty Trust a good dividend stock?

Empire State Realty Trust pays an annual dividend of $0.14 per share and currently has a dividend yield of 1.65%.
View Empire State Realty Trust's dividend history.

What guidance has Empire State Realty Trust issued on next quarter's earnings?

Empire State Realty Trust issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $0.73-$0.78 for the period. The company issued revenue guidance of -.

What price target have analysts set for ESRT?

4 brokerages have issued twelve-month target prices for Empire State Realty Trust's stock. Their forecasts range from $8.00 to $16.00. On average, they anticipate Empire State Realty Trust's stock price to reach $10.75 in the next year. This suggests a possible upside of 33.4% from the stock's current price.
View analysts' price targets for Empire State Realty Trust
or view top-rated stocks among Wall Street analysts.

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 & Pres (Age 60, Pay $2.17M)
  • Ms. Christina Chiu, Exec. VP & CFO (Age 41, Pay $1.17M)
  • Mr. Thomas N. Keltner Jr., Exec. VP & Gen. Counsel (Age 76, Pay $979.38k)
  • Mr. Thomas P. Durels, Exec. VP of Real Estate (Age 60, Pay $1.2M)
  • Mr. Aaron D. Ratner, Sr. VP & Chief Investment Officer (Age 34)
  • Mr. Stephen Horn, Sr. VP & Chief Accounting Officer (Age 35)
  • Mr. Christopher Blackman, Chief Information Officer
  • Ms. Abigail Rickards, Sr. VP of Marketing, PR & Digital
  • Mr. Ryan Kass, Sr. VP & Director of Leasing
  • Mr. Fred C. Posniak, Sr. VP of Leasing (Age 76)
What is Anthony E. Malkin's approval rating as Empire State Realty Trust's CEO?

32 employees have rated Empire State Realty Trust CEO Anthony E. Malkin on Glassdoor.com. Anthony E. Malkin has an approval rating of 63% among Empire State Realty Trust'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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.66%), Southeastern Asset Management Inc. TN (8.70%), BlackRock Inc. (8.14%), Massachusetts Financial Services Co. MA (5.88%), State Street Corp (4.27%) and Equity Investment Corp (3.15%).
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 Russell Investments Group Ltd., JPMorgan Chase & Co., Goldman Sachs Group Inc., BlackRock Inc., Southeastern Asset Management Inc. TN, UBS Group AG, Guggenheim Capital LLC, and Renaissance Technologies LLC.
View insider buying and selling activity for Empire State Realty Trust
or view top insider-selling stocks.

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 Equity Investment Corp, State Street Corp, Massachusetts Financial Services Co. MA, William Blair Investment Management LLC, PEAK6 Investments LLC, APG Asset Management N.V., Modera Wealth Management LLC, and Vanguard Group Inc..
View insider buying and selling activity for Empire State Realty Trust
or or view top insider-buying stocks.

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 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 $8.06.

How much money does Empire State Realty Trust make?

Empire State Realty Trust has a market capitalization of $1.35 billion and generates $624.09 million in revenue each year. The real estate investment trust earns $-6.51 million in net income (profit) each year or ($0.12) on an earnings per share basis.

How many employees does Empire State Realty Trust have?

Empire State Realty Trust employs 693 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, via email at [email protected], or via fax at 212-850-2751.

This page was last updated on 5/19/2022 by MarketBeat.com Staff

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