NYSE:ESRT Empire State Realty Trust (ESRT) Stock Price, News & Analysis $10.95 -0.02 (-0.18%) (As of 09/27/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Empire State Realty Trust alerts: Email Address About Empire State Realty Trust Stock (NYSE:ESRT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get ESRT alerts:Sign Up Key Stats Today's Range$10.90▼$11.1050-Day Range$10.08▼$11.3252-Week Range$7.25▼$11.43Volume889,136 shsAverage Volume1.13 million shsMarket Capitalization$1.81 billionP/E Ratio36.50Dividend Yield1.28%Price Target$10.33Consensus RatingHold Company OverviewEmpire 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.Read More… WARNING: “Buffett Indicator” flashing for first time in 50 years (Ad)The stock market collapsed and didn't recover for an entire decade. And what we're facing today could be even worse. That's why the actions you take in the next 90 days could be crucial for your financial future.Take these 4 steps today to protect your retirement NOW Empire State Realty Trust Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks70th Percentile Overall ScoreESRT MarketRank™: Empire State Realty Trust scored higher than 70% of companies evaluated by MarketBeat, and ranked 434th out of 966 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion1.0 / 5Analyst RatingHold Consensus RatingEmpire 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 CoverageEmpire State Realty Trust has only been the subject of 2 research reports in the past 90 days.Read more about Empire State Realty Trust's stock forecast and price target. Earnings and Valuation0.6 / 5Proj. Earnings GrowthN/A Earnings GrowthEarnings for Empire State Realty Trust are expected to remain at $0.94 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Empire State Realty Trust is 36.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Empire State Realty Trust is 36.50, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 32.65.Price to Earnings Growth RatioEmpire State Realty Trust has a PEG Ratio of 6.70. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioEmpire State Realty Trust has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Empire State Realty Trust's valuation and earnings. Short Interest4.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted3.67% of the float of Empire State Realty Trust has been sold short.Short Interest Ratio / Days to CoverEmpire 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 monthShort interest in Empire State Realty Trust has recently decreased by 1.60%, indicating that investor sentiment is improving. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldEmpire State Realty Trust pays a meaningful dividend of 1.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthEmpire State Realty Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Empire State Realty Trust is 46.67%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Empire State Realty Trust will have a dividend payout ratio of 14.89% next year. This indicates that Empire State Realty Trust will be able to sustain or increase its dividend.Read more about Empire State Realty Trust's dividend. Sustainability and ESG2.3 / 5Environmental Score-2.39 Percentage of Shares Shorted3.67% of the float of Empire State Realty Trust has been sold short.Short Interest Ratio / Days to CoverEmpire 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 monthShort interest in Empire State Realty Trust has recently decreased by 1.60%, indicating that investor sentiment is improving. News and Social Media2.8 / 5News Sentiment1.13 News SentimentEmpire State Realty Trust has a news sentiment score of 1.13. 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 0.65 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Empire State Realty Trust this week, compared to 2 articles on an average week. Company Ownership2.5 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Empire State Realty Trust insiders have not sold or bought any company stock.Percentage Held by Insiders13.95% 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 Institutions67.10% 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.Read more about Empire State Realty Trust's insider trading history. Receive ESRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Empire State Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address ESRT Stock News HeadlinesEmpire State Realty Trust (NYSE:ESRT) Reaches New 12-Month High at $11.41September 26 at 8:55 PM | americanbankingnews.comReal Estate Stocks May Have Peaked But These 3 Look Like They’ve Still Got Gas in the TankSeptember 25, 2024 | msn.comMassive NVIDIA Sell-Off: Are We Headed for a Market Collapse?You may have heard about NVIDIA's CEO dumping shares of his own company. He sold 4.4 million shares this year. But here's what's even more concerning...September 29, 2024 | Behind the Markets (Ad)Empire State Realty Trust Announces Dates for Third Quarter 2024 Earnings Release and Conference CallSeptember 23, 2024 | businesswire.comEmpire State Realty Trust (NYSE:ESRT) Sets New 52-Week High at $11.29September 20, 2024 | americanbankingnews.comZacks.com featured highlights include JD.com, ZIM Integrated Shipping, Pampa, Hamilton and Empire State RealtySeptember 17, 2024 | finance.yahoo.comWells Fargo Keeps Their Sell Rating on Empire State Realty (ESRT)September 12, 2024 | markets.businessinsider.comEmpire State Realty Trust: Expensive Valuation, Wait For A Better Entry PointSeptember 10, 2024 | seekingalpha.comSee More Headlines 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 13.0% and is now trading at $10.95. 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 data on Wednesday, July, 24th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.14. The real estate investment trust had revenue of $189.54 million for the quarter. Empire State Realty Trust had a trailing twelve-month return on equity of 2.57% and a net margin of 5.89%. 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 Exxon Mobil (XOM), QUALCOMM (QCOM), Intel (INTC), Cisco Systems (CSCO), RTX (RTX), Verizon Communications (VZ) and Bank of America (BAC). Company Calendar Last Earnings7/24/2024Ex-Dividend for 9/30 Dividend9/16/2024Today9/29/2024Dividend Payable9/30/2024Next Earnings (Confirmed)10/21/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:ESRT CUSIPN/A CIK1541401 Webwww.empirestaterealtytrust.com Phone(212) 850-2600Fax212-850-2751Employees666Year FoundedN/APrice Target and Rating Average Stock Price Target$10.33 High Stock Price Target$12.00 Low Stock Price Target$9.00 Potential Upside/Downside-5.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.30 Trailing P/E Ratio36.50 Forward P/E Ratio11.65 P/E Growth6.7Net Income$53.24 million Net Margins5.89% Pretax Margin11.40% Return on Equity2.57% Return on Assets1.06% Debt Debt-to-Equity Ratio1.23 Current Ratio3.24 Quick Ratio3.24 Sales & Book Value Annual Sales$755.13 million Price / Sales2.39 Cash Flow$1.56 per share Price / Cash Flow7.02 Book Value$10.62 per share Price / Book1.03Miscellaneous Outstanding Shares165,019,000Free Float141,999,000Market Cap$1.81 billion OptionableOptionable Beta1.40 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? 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