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

$13.85
-0.06 (-0.43 %)
(As of 01/29/2020 09:31 AM ET)
Today's Range
$13.85
Now: $13.85
$14.01
50-Day Range
$13.63
MA: $13.89
$14.26
52-Week Range
$12.77
Now: $13.85
$16.23
Volume768,328 shs
Average Volume807,092 shs
Market Capitalization$2.51 billion
P/E Ratio47.76
Dividend Yield2.98%
Beta0.7
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$1.37 per share
Book Value$11.38 per share

Profitability

Net Income$66.54 million

Miscellaneous

Employees813
Market Cap$2.51 billion
Next Earnings Date2/19/2020 (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 declared a quarterly dividend on Friday, December 13th. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.105 per share on Tuesday, December 31st. This represents a $0.42 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Friday, December 20th. 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 quarterly earnings data on Wednesday, October, 23rd. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.14. The real estate investment trust had revenue of $150.23 million for the quarter, compared to analyst estimates of $125.22 million. Empire State Realty Trust had a return on equity of 3.26% and a net margin of 8.70%. The company's quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. 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 19th 2020. 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, February 19th 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?

3 brokers have issued 12 month price objectives for Empire State Realty Trust's shares. Their forecasts range from $15.00 to $15.00. On average, they anticipate Empire State Realty Trust's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 8.3% 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Empire State Realty Trust in the last year. There are currently 3 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 negative recently, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. 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 news impact score of -2.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Empire State Realty Trust.

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), Bank of America (BAC), General Electric (GE), Cypress Semiconductor (CY), Corning (GLW), Kinder Morgan (KMI), Medical Properties Trust (MPW), Xilinx (XLNX) and American Homes 4 Rent (AMH).

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 a variety of of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.19%), Virginia Retirement Systems ET AL (0.16%), Strs Ohio (0.10%), Pensionfund DSM Netherlands (0.04%), Nisa Investment Advisors LLC (0.03%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Empire State Realty Trust stock include 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 Virginia Retirement Systems ET AL, Strs Ohio and SG Americas Securities LLC. View Insider Buying and Selling for Empire State Realty Trust.

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 California Public Employees Retirement System, State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pensionfund Sabic and Nisa Investment Advisors 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, 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 $13.85.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $2.51 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:  2.0 out of 5 (star star)
Outperform Votes:  215 (Vote Outperform)
Underperform Votes:  330 (Vote Underperform)
Total Votes:  545
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 1/29/2020 by MarketBeat.com Staff

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