Brokerages Set Empire State Realty Trust, Inc. (NYSE:ESRT) Target Price at $10.43

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) have been given a consensus rating of “Hold” by the five ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.4333.

Several equities analysts have commented on ESRT shares. 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 reissued a “hold (c-)” rating on shares of Empire State Realty Trust in a research report on Saturday, September 27th.

Empire State Realty Trust Stock Performance

Shares of ESRT stock opened at $7.38 on Friday. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.15. Empire State Realty Trust has a 52 week low of $6.56 and a 52 week high of $11.62. The stock has a market capitalization of $1.25 billion, a PE ratio of 30.73 and a beta of 1.79. The firm has a 50 day moving average of $7.57 and a two-hundred day moving average of $7.66.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.22 EPS for the quarter. Empire State Realty Trust had a net margin of 5.67% and a return on equity of 2.45%. The company had revenue of $153.54 million during the quarter. Empire State Realty Trust has set its FY 2025 guidance at 0.830-0.860 EPS. On average, research analysts predict that Empire State Realty Trust will post 0.88 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 58.33%.

Institutional Investors Weigh In On Empire State Realty Trust

Several institutional investors have recently modified their holdings of ESRT. Quantbot Technologies LP purchased a new stake in shares of Empire State Realty Trust during the 1st quarter worth $37,000. CWM LLC lifted its position in shares of Empire State Realty Trust by 1,704.7% during the 2nd quarter. CWM LLC now owns 8,121 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 7,671 shares during the last quarter. Simplex Trading LLC lifted its position in shares of Empire State Realty Trust by 869.5% during the 2nd quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 7,408 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Empire State Realty Trust during the 2nd quarter worth $74,000. Finally, US Bancorp DE lifted its position in shares of Empire State Realty Trust by 22.4% during the 1st quarter. US Bancorp DE now owns 9,973 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 1,824 shares during the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

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.