Empire State Realty Trust (NYSE:ESRT) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Empire State Realty Trust (NYSE:ESRT) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.19, Zacks reports. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. Empire State Realty Trust updated its FY 2025 guidance to 0.860-0.890 EPS.

Empire State Realty Trust Trading Down 0.4 %

ESRT stock traded down $0.04 on Wednesday, hitting $9.01. 1,058,829 shares of the company were exchanged, compared to its average volume of 1,117,641. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 33.35 and a beta of 1.40. Empire State Realty Trust has a twelve month low of $8.78 and a twelve month high of $11.62. The business’s fifty day moving average is $9.90 and its two-hundred day moving average is $10.45.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.035 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 annualized dividend and a dividend yield of 1.55%. Empire State Realty Trust’s dividend payout ratio is presently 51.85%.

Insider Buying and Selling at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 3,193 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $10.90, for a total value of $34,803.70. Following the transaction, the executive vice president now directly owns 96,807 shares of the company’s stock, valued at approximately $1,055,196.30. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

ESRT has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

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.