Empire State Realty Trust (NYSE:ESRT - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.19, Zacks reports. The firm had revenue of $155.13 million for the quarter, compared to the consensus estimate of $192.62 million. Empire State Realty Trust had a return on equity of 2.84% and a net margin of 6.45%. Empire State Realty Trust updated its FY 2025 guidance to 0.860-0.890 EPS.
Empire State Realty Trust Price Performance
Shares of NYSE ESRT traded down $0.08 during mid-day trading on Friday, hitting $8.68. 1,258,894 shares of the stock traded hands, compared to its average volume of 1,185,156. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. Empire State Realty Trust has a twelve month low of $8.60 and a twelve month high of $11.62. The company has a market cap of $1.45 billion, a PE ratio of 30.98 and a beta of 1.40. The firm has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $10.41.
Empire State Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, December 16th. Empire State Realty Trust's dividend payout ratio (DPR) is 50.00%.
Insider Activity at Empire State Realty Trust
In related news, EVP Thomas P. Durels sold 10,000 shares of the firm's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the transaction, the executive vice president now directly owns 86,807 shares of the company's stock, valued at $876,750.70. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.95% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, November 15th. StockNews.com downgraded Empire State Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, January 23rd.
View Our Latest Stock Analysis on ESRT
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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