StockNews.com upgraded shares of Empire State Realty Trust (NYSE:ESRT – Free Report) from a sell rating to a hold rating in a report issued on Friday morning.
Empire State Realty Trust Stock Up 1.1 %
ESRT opened at $9.15 on Friday. Empire State Realty Trust has a fifty-two week low of $5.43 and a fifty-two week high of $10.32. The company has a debt-to-equity ratio of 1.29, a current ratio of 7.04 and a quick ratio of 7.04. The firm’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $9.30. The company has a market capitalization of $1.50 billion, a P/E ratio of 29.52, a P/E/G ratio of 3.29 and a beta of 1.30.
Empire State Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.035 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.14 annualized dividend and a dividend yield of 1.53%. Empire State Realty Trust’s dividend payout ratio is presently 45.16%.
Institutional Investors Weigh In On Empire State Realty Trust
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.
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