NYSE:ESRTEmpire State Realty Trust Stock Price, Forecast & News

Empire State Realty Trust's stock was trading at $10.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ESRT stock has decreased by 37.9% and is now trading at $6.63. View which stocks have been most impacted by Coronavirus.

4 Wall Street 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 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Empire State Realty Trust.

Empire State Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Empire State Realty Trust.

Empire State Realty Trust Inc (NYSE:ESRT) issued its quarterly earnings data on Wednesday, April, 22nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.17 by $0.15. The real estate investment trust had revenue of $148.11 million for the quarter, compared to analyst estimates of $129.66 million. Empire State Realty Trust had a net margin of 7.96% and a return on equity of 3.04%. The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 earnings per share. View Empire State Realty Trust's earnings history.

Empire State Realty Trust declared a quarterly dividend on Friday, February 28th. Shareholders of record on Monday, March 16th will be given a dividend of $0.105 per share on Tuesday, March 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Friday, March 13th. View Empire State Realty Trust's dividend history.

4 brokerages have issued 12 month target prices for Empire State Realty Trust's stock. Their forecasts range from $7.50 to $15.00. On average, they expect Empire State Realty Trust's stock price to reach $10.38 in the next year. This suggests a possible upside of 56.5% from the stock's current price. View analysts' price targets for Empire State Realty Trust.

Headlines about ESRT stock have been trending neutral recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Empire State Realty Trust earned a daily sentiment score of 0.3 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days. View the latest news aboutEmpire State Realty Trust.

Empire State Realty Trust saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,400,000 shares, an increase of 17.0% from the April 30th total of 3,760,000 shares. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.0% of the company's stock are sold short. View Empire State Realty Trust's Current Options Chain.

Some companies that are related to Empire State Realty Trust include Store Capital (STOR), First Industrial Realty Trust (FR), CoreSite Realty (COR), Eastgroup Properties (EGP), Rexford Industrial Realty (REXR), Cousins Properties (CUZ), American Campus Communities (ACC), Life Storage (LSI), Healthcare Realty Trust (HR), JBG SMITH Properties (JBGS), Equity Commonwealth (EQC), QTS Realty Trust (QTS), Stag Industrial (STAG), Highwoods Properties (HIW) and Starwood Property Trust (STWD). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Empire State Realty Trust investors own include Exxon Mobil (XOM), QUALCOMM (QCOM), General Electric (GE), Alibaba Group (BABA), Ford Motor (F), Home Depot (HD), AT&T (T), Verizon Communications (VZ), Bank of America (BAC) and Cisco Systems (CSCO).

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 number of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (11.71%), BlackRock Inc. (5.34%), Southeastern Asset Management Inc. TN (3.95%), Resolution Capital Ltd (2.96%), Centersquare Investment Management LLC (2.92%) and State Street Corp (2.85%). Company insiders that own Empire State Realty Trust stock include David A Karp and Quark Holding Llc. View institutional ownership trends for Empire State Realty Trust.

ESRT stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., JPMorgan Chase & Co., Alliancebernstein L.P., Centersquare Investment Management LLC, Balyasny Asset Management LLC, Bank of New York Mellon Corp, Citigroup Inc., and WINTON GROUP Ltd. View insider buying and selling activity for Empire State Realty Trust.

ESRT stock was acquired by a variety of institutional investors in the last quarter, including Southeastern Asset Management Inc. TN, V3 Capital Management L.P., Cohen & Steers Inc., Legal & General Group Plc, BNP Paribas Arbitrage SA, Grantham Mayo Van Otterloo & Co. LLC, Aperio Group LLC, and Resolution Capital Ltd. Company insiders that have bought Empire State Realty Trust stock in the last two years include David A Karp, and Quark Holding Llc. View insider buying and selling activity for 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.

One share of ESRT stock can currently be purchased for approximately $6.63.

Empire State Realty Trust has a market capitalization of $1.16 billion and generates $731.34 million in revenue each year. The real estate investment trust earns $51.19 million in net income (profit) each year or $0.90 on an earnings per share basis. Empire State Realty Trust employs 813 workers across the globe.

The official website for Empire State Realty Trust is www.empirestaterealtytrust.com.

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]