Empire State Realty Trust, Inc. (NYSE:ESRT - Get Free Report) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.035 per share by the real estate investment trust on Monday, March 31st. This represents a $0.14 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, March 14th.
Empire State Realty Trust has raised its dividend by an average of 98.1% per year over the last three years.
Empire State Realty Trust Trading Down 1.9 %
NYSE ESRT traded down $0.17 during trading hours on Thursday, hitting $8.50. 1,220,469 shares of the company's stock were exchanged, compared to its average volume of 1,331,916. The stock has a 50-day simple moving average of $9.48 and a 200 day simple moving average of $10.33. Empire State Realty Trust has a 1-year low of $8.40 and a 1-year high of $11.62. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 30.34 and a beta of 1.40. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.
Empire State Realty Trust (NYSE:ESRT - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. The business had revenue of $155.13 million during the quarter, compared to analysts' expectations of $192.62 million. On average, equities analysts forecast that Empire State Realty Trust will post 0.88 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on ESRT. BMO Capital Markets raised their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Friday, November 15th. StockNews.com upgraded Empire State Realty Trust from a "sell" rating to a "hold" rating in a report on Monday.
Get Our Latest Report on Empire State Realty Trust
Insiders Place Their Bets
In other news, EVP Thomas P. Durels sold 3,193 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $10.90, for a total value of $34,803.70. Following the transaction, the executive vice president now owns 96,807 shares in the company, valued at $1,055,196.30. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.95% of the company's stock.
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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