Log in

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

$14.11
+0.13 (+0.93 %)
(As of 10/18/2019 02:42 AM ET)
Today's Range
$13.90
Now: $14.11
$14.13
50-Day Range
$13.62
MA: $14.02
$14.94
52-Week Range
$12.77
Now: $14.11
$16.47
Volume352,467 shs
Average Volume1.16 million shs
Market Capitalization$2.52 billion
P/E Ratio14.40
Dividend Yield3.00%
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$1.43 per share
Book Value$11.38 per share

Profitability

Net Income$66.54 million

Miscellaneous

Employees813
Market Cap$2.52 billion
Next Earnings Date10/23/2019 (Confirmed)
OptionableOptionable

Receive ESRT News and Ratings via Email

Sign-up to receive the latest news and ratings for ESRT and its competitors with MarketBeat's FREE daily newsletter.


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, August 9th. Investors of record on Monday, September 16th will be paid a dividend of $0.105 per share on Monday, September 30th. This represents a $0.42 dividend on an annualized basis and a yield of 2.98%. 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) released its quarterly earnings data on Wednesday, July, 24th. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.01. The real estate investment trust earned $141.10 million during the quarter, compared to analysts' expectations of $133.31 million. Empire State Realty Trust had a net margin of 8.81% and a return on equity of 3.26%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 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, 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 brokerages have issued twelve-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 6.3% 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?

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 articles about ESRT stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Empire State Realty Trust earned a media sentiment score of -1.9 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Empire State Realty Trust.

Are investors shorting Empire State Realty Trust?

Empire State Realty Trust saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 4,900,000 shares, a decrease of 11.1% from the August 30th total of 5,510,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is presently 4.0 days. Approximately 3.3% of the shares of the stock are short sold. 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), Bank of America (BAC), General Electric (GE), Cypress Semiconductor (CY), Corning (GLW), Kinder Morgan (KMI), Medical Properties Trust (MPW), Whole Foods Market (WFM) and Xilinx (XLNX).

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 Resolution Capital Ltd (3.92%), Perpetual Ltd (0.17%), Envestnet Asset Management Inc. (0.04%), Nisa Investment Advisors LLC (0.02%) and State of Alaska Department of Revenue (0.01%). 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, State of Alaska Department of Revenue, Perpetual Ltd and Envestnet Asset Management Inc.. 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 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 $14.11.

How big of a company is Empire State Realty Trust?

Empire State Realty Trust has a market capitalization of $2.52 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:  310 (Vote Underperform)
Total Votes:  508
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 10/18/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel