Empire State Realty Trust (ESRT) Set to Announce Quarterly Earnings on Tuesday

Empire State Realty Trust (NYSE:ESRTGet Free Report) is set to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Empire State Realty Trust Stock Up 1.8 %

Empire State Realty Trust stock opened at $10.02 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 8.56 and a quick ratio of 8.56. The company’s 50-day moving average is $9.77 and its 200-day moving average is $8.89. The firm has a market capitalization of $1.63 billion, a PE ratio of 30.35, a P/E/G ratio of 5.49 and a beta of 1.30. Empire State Realty Trust has a fifty-two week low of $5.39 and a fifty-two week high of $10.32.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, December 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 42.43%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI cut Empire State Realty Trust from an “outperform” rating to an “in-line” rating and set a $9.00 price objective for the company. in a research report on Monday, November 27th. StockNews.com raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.65.

Check Out Our Latest Analysis on ESRT

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ESRT. Raymond James & Associates grew its stake in shares of Empire State Realty Trust by 25.0% in the first quarter. Raymond James & Associates now owns 276,068 shares of the real estate investment trust’s stock valued at $2,711,000 after acquiring an additional 55,271 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Empire State Realty Trust during the 1st quarter worth approximately $141,000. Bank of Montreal Can increased its holdings in shares of Empire State Realty Trust by 7.6% during the first quarter. Bank of Montreal Can now owns 27,846 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 1,955 shares during the period. MetLife Investment Management LLC raised its position in shares of Empire State Realty Trust by 36.4% in the first quarter. MetLife Investment Management LLC now owns 67,238 shares of the real estate investment trust’s stock valued at $660,000 after buying an additional 17,932 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Empire State Realty Trust in the first quarter valued at approximately $1,515,000. Institutional investors own 80.44% of the company’s stock.

About Empire State Realty Trust

(Get Free Report)

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building – the "World's Most Famous Building" – includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.

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Earnings History for Empire State Realty Trust (NYSE:ESRT)

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