Empire State Realty Trust (NYSE:ESRT - Get Free Report) is anticipated to announce its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $192.62 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Empire State Realty Trust Price Performance
Shares of Empire State Realty Trust stock traded down $0.05 during trading on Friday, reaching $9.11. 1,118,814 shares of the company's stock were exchanged, compared to its average volume of 1,211,303. The firm's 50-day moving average price is $9.95 and its 200 day moving average price is $10.46. The company has a market cap of $1.52 billion, a P/E ratio of 33.73 and a beta of 1.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust has a 1-year low of $8.78 and a 1-year high of $11.62.
Empire State Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.54%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust's payout ratio is 51.85%.
Insiders Place Their Bets
In related news, EVP Thomas P. Durels sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total value of $101,000.00. Following the sale, the executive vice president now directly owns 86,807 shares in the company, valued at $876,750.70. This represents a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.95% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ESRT. StockNews.com downgraded shares of Empire State Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their target price 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.
Check Out Our Latest Report on Empire State Realty Trust
About Empire State Realty Trust
(
Get Free Report)
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.
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