Empire State Realty Trust, Inc. (NYSE:ESRT) Declares Quarterly Dividend of $0.04

Empire State Realty Trust, Inc. (NYSE:ESRT) declared a quarterly dividend on Friday, December 5th. Stockholders of record on Monday, December 15th will be given a dividend of 0.035 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, December 15th.

Empire State Realty Trust has decreased its dividend by an average of 0.2%per year over the last three years.

Empire State Realty Trust Trading Up 0.7%

Shares of NYSE ESRT traded up $0.05 during midday trading on Friday, hitting $6.96. The stock had a trading volume of 1,208,096 shares, compared to its average volume of 1,122,350. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 1.14. Empire State Realty Trust has a 1-year low of $6.55 and a 1-year high of $11.29. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 33.12 and a beta of 1.34. The company has a fifty day moving average price of $7.22 and a 200 day moving average price of $7.60.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Empire State Realty Trust in a research report on Monday. Finally, Wells Fargo & Company cut their price objective on Empire State Realty Trust from $8.30 to $6.80 and set an “underweight” rating on the stock in a research report on Tuesday, November 25th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $8.40.

About Empire State Realty Trust

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.