Empire State Realty Trust (ESRT) Stock Price, News & Analysis

Company Overview

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. As of September 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units across three multifamily properties.

Key Stats

• Today's Range: $10.52 to $10.70
• 50-Day Range: $10.11 to $11.44
• 52-Week Range: $8.39 to $11.62
• Volume: 1.22 million shs
• Average Volume: 1.27 million shs
• Market Capitalization: $1.76 billion
• P/E Ratio: 39.22
• Dividend Yield: 1.32%
• Price Target: $10.67
• Consensus Rating: Hold

Empire State Realty Trust Stock Analysis - MarketRank™

Empire State Realty Trust scored higher than 74% of companies evaluated by MarketBeat, and ranked 367th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Empire State Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Empire State Realty Trust has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Empire State Realty Trust is 39.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Empire State Realty Trust is 39.22, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 26.46.

Price to Book Value per Share Ratio

Empire State Realty Trust has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.35% of the float of Empire State Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Empire State Realty Trust has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Empire State Realty Trust has recently decreased by 12.21%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Empire State Realty Trust pays a meaningful dividend of 1.32%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Empire State Realty Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Empire State Realty Trust is 51.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -2.39

Percentage of Shares Shorted

3.35% of the float of Empire State Realty Trust has been sold short.

Short Interest Ratio / Days to Cover

Empire State Realty Trust has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Empire State Realty Trust has recently decreased by 12.21%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.90

News Sentiment

Empire State Realty Trust has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Empire State Realty Trust this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for ESRT on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

5 people have added Empire State Realty Trust to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Empire State Realty Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.95% of the stock of Empire State Realty Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

67.10% of the stock of Empire State Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ESRT Stock Analysis - Frequently Asked Questions

How have ESRT shares performed this year?

Empire State Realty Trust's stock was trading at $9.69 at the beginning of 2024. Since then, ESRT stock has increased by 9.3% and is now trading at $10.59.
View the best growth stocks for 2024 here.

How were Empire State Realty Trust's earnings last quarter?

Empire State Realty Trust, Inc. (NYSE:ESRT) issued its quarterly earnings results on Monday, October, 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.16. The real estate investment trust earned $199.60 million during the quarter. Empire State Realty Trust had a net margin of 6.22% and a trailing twelve-month return on equity of 2.73%.

Who are Empire State Realty Trust's major shareholders?

Empire State Realty Trust's top institutional investors include State Street Corp (3.65%), Wellington Management Group LLP (3.60%), Charles Schwab Investment Management Inc. (2.26%) and Geode Capital Management LLC (2.05%).
View institutional ownership trends.

How do I buy shares of Empire State Realty Trust?

Shares of ESRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Empire State Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Empire State Realty Trust investors own include DiamondRock Hospitality (DRH), American Water Works (AWK), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/21/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: N/A
• Current Symbol: NYSE:ESRT
• CUSIP: N/A
• CIK: 1541401
• Web: www.empirestaterealtytrust.com
• Phone: (212) 850-2600
• Fax: 212-850-2751
• Employees: 666
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.67
• High Stock Price Target: $13.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +0.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.27
• Trailing P/E Ratio: 39.22
• Forward P/E Ratio: 11.39
• P/E Growth: N/A
• Net Income: $53.24 million
• Net Margins: 6.22%
• Pretax Margin: 10.58%
• Return on Equity: 2.73%
• Return on Assets: 1.10%

Debt

• Debt-to-Equity Ratio: 1.23
• Current Ratio: 3.72
• Quick Ratio: 4.05

Sales & Book Value

• Annual Sales: $739.57 million
• Price / Sales: 2.38
• Cash Flow: $1.58 per share
• Price / Cash Flow: 6.70
• Book Value: $10.55 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 166,510,000
• Free Float: 143,281,000
• Market Cap: $1.76 billion
• Optionable: Optionable
• Beta: 1.40