Empire State Realty Trust (NYSE:ESRT) Releases FY 2025 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.860-0.890 for the period, compared to the consensus estimate of 0.930. The company issued revenue guidance of -.

Empire State Realty Trust Trading Down 0.4 %

Shares of ESRT traded down $0.04 during trading hours on Wednesday, reaching $9.01. 1,058,829 shares of the company traded hands, compared to its average volume of 1,117,641. The company’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $10.45. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 33.35 and a beta of 1.40. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust has a 12 month low of $8.78 and a 12 month high of $11.62.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. Equities research analysts predict that Empire State Realty Trust will post 0.93 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.55%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ESRT. BMO Capital Markets lifted their price target on shares of 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 lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

Insider Activity at Empire State Realty Trust

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 3,193 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total value of $34,803.70. Following the completion of the transaction, the executive vice president now directly owns 96,807 shares in the company, valued at $1,055,196.30. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.01% of the stock is currently owned by company insiders.

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.