Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $4.04 and last traded at $4.0550, with a volume of 3483264 shares. The stock had previously closed at $4.23.

Analyst Upgrades and Downgrades

ESRT has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Wells Fargo & Company dropped their target price on shares of Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 1st. Evercore set a $5.50 target price on shares of Empire State Realty Trust in a research report on Thursday, July 30th. Citigroup decreased their price target on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Empire State Realty Trust presently has an average rating of “Sell” and an average target price of $5.17.

Empire State Realty Trust Trading Up 1.8%

The firm has a fifty day moving average of $4.90 and a two-hundred day moving average of $5.23. The company has a market cap of $721.09 million, a PE ratio of 59.51 and a beta of 1.36. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.15.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The business had revenue of $196.90 million for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. As a group, sell-side analysts predict that Empire State Realty Trust, Inc. will post 0.77 EPS for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, September 15th. Empire State Realty Trust’s payout ratio is currently 200.00%.

Institutional Investors Weigh In On Empire State Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of ESRT. Sequoia Financial Advisors LLC grew its position in shares of Empire State Realty Trust by 92.1% in the second quarter. Sequoia Financial Advisors LLC now owns 22,083 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 10,590 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Empire State Realty Trust during the 2nd quarter worth about $105,000. Engineers Gate Manager LP purchased a new stake in Empire State Realty Trust during the 2nd quarter worth about $447,000. Squarepoint Ops LLC boosted its stake in Empire State Realty Trust by 43.4% in the 2nd quarter. Squarepoint Ops LLC now owns 136,077 shares of the real estate investment trust’s stock worth $736,000 after purchasing an additional 41,191 shares during the period. Finally, Corient Private Wealth LP bought a new position in Empire State Realty Trust in the 2nd quarter worth about $110,000. Institutional investors own 67.10% of the company’s stock.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust that owns, manages, and operates office, retail, and multifamily properties primarily in Manhattan and the greater New York City region. The company’s portfolio includes office and retail buildings serving businesses, residents, and visitors.

Its best-known property is the Empire State Building, which includes office space, retail offerings, and the Empire State Building Observatory. The company also operates other prominent commercial properties in Manhattan, including buildings in Midtown and the surrounding business districts.

Empire State Realty Trust was established as a public REIT in 2013.