Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low – What’s Next?

Empire State Realty Trust, Inc. (NYSE:ESRT) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.24 and last traded at $5.28, with a volume of 306634 shares changing hands. The stock had previously closed at $5.53.

Analyst Ratings Changes

A number of analysts recently issued reports on ESRT shares. Wells Fargo & Company decreased their target price on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. Evercore set a $7.00 price target on Empire State Realty Trust in a research note on Wednesday, February 18th. Citigroup decreased their price objective on Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings downgraded Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Empire State Realty Trust presently has a consensus rating of “Reduce” and a consensus price target of $7.58.

Empire State Realty Trust Price Performance

The company has a market capitalization of $896.90 million, a PE ratio of 20.27 and a beta of 1.36. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average price is $6.36 and its 200-day moving average price is $6.98.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.23 earnings per share for the quarter. Empire State Realty Trust had a return on equity of 2.59% and a net margin of 6.06%.The business had revenue of $199.22 million for the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, sell-side analysts forecast that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, March 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is 53.85%.

Hedge Funds Weigh In On Empire State Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC increased its position in Empire State Realty Trust by 25.6% during the 4th quarter. Hsbc Holdings PLC now owns 242,952 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 49,560 shares in the last quarter. Alpine Global Management LLC purchased a new stake in Empire State Realty Trust during the fourth quarter worth approximately $182,000. Invesco Ltd. grew its stake in Empire State Realty Trust by 2.4% during the fourth quarter. Invesco Ltd. now owns 449,186 shares of the real estate investment trust’s stock worth $2,929,000 after buying an additional 10,601 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Empire State Realty Trust by 9.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 88,949 shares of the real estate investment trust’s stock worth $580,000 after acquiring an additional 7,315 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Empire State Realty Trust in the fourth quarter worth $1,483,000. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.