Analysts expect Empire State Realty Trust Inc (NYSE:ESRT) to post earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Empire State Realty Trust’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.24. Empire State Realty Trust reported earnings of $0.29 per share during the same quarter last year, which indicates a negative year over year growth rate of 20.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Empire State Realty Trust will report full year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.85 to $0.88. For the next financial year, analysts forecast that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.87 to $0.92. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Empire State Realty Trust.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). The business had revenue of $150.23 million during the quarter, compared to analyst estimates of $125.22 million. Empire State Realty Trust had a net margin of 8.70% and a return on equity of 3.26%. Empire State Realty Trust’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets downgraded shares of Empire State Realty Trust from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $19.00 to $15.00 in a research report on Friday, September 6th. Zacks Investment Research lowered shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. ValuEngine upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group initiated coverage on shares of Empire State Realty Trust in a research note on Friday, November 8th. They issued a “neutral” rating and a $15.00 price target on the stock. Finally, Citigroup cut their price objective on Empire State Realty Trust from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, September 6th. Five analysts have rated the stock with a hold rating, Empire State Realty Trust has a consensus rating of “Hold” and an average price target of $15.00.

Shares of ESRT opened at $13.77 on Friday. The company has a market capitalization of $2.53 billion, a PE ratio of 14.05, a PEG ratio of 4.03 and a beta of 0.69. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.01 and a current ratio of 4.01. The company’s 50 day moving average price is $14.21 and its 200 day moving average price is $14.43. Empire State Realty Trust has a 52 week low of $12.77 and a 52 week high of $16.47.

Large investors have recently added to or reduced their stakes in the stock. Chilton Capital Management LLC lifted its stake in Empire State Realty Trust by 29.2% in the third quarter. Chilton Capital Management LLC now owns 336,493 shares of the real estate investment trust’s stock valued at $4,802,000 after acquiring an additional 76,001 shares during the last quarter. Barclays PLC raised its holdings in shares of Empire State Realty Trust by 10.2% during the 3rd quarter. Barclays PLC now owns 176,770 shares of the real estate investment trust’s stock valued at $2,522,000 after purchasing an additional 16,360 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Empire State Realty Trust by 3.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 208,150 shares of the real estate investment trust’s stock valued at $2,970,000 after purchasing an additional 6,968 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Empire State Realty Trust by 1.3% in the 3rd quarter. California State Teachers Retirement System now owns 235,635 shares of the real estate investment trust’s stock valued at $3,363,000 after purchasing an additional 2,965 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Empire State Realty Trust by 4.9% in the 3rd quarter. State Street Corp now owns 5,764,478 shares of the real estate investment trust’s stock valued at $82,259,000 after purchasing an additional 270,668 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

About Empire State Realty Trust

Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building.

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

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