Empire State Realty Trust (ESRT) Announces Quarterly Earnings, Beats Expectations By $0.01 EPS
Empire State Realty Trust (NASDAQ:ESRT) announced its earnings results on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01, Analyst Ratings Network reports. The company had revenue of $155.17 million for the quarter, compared to the consensus estimate of $91.29 million.
ESRT has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Empire State Realty Trust in a research note on Monday. They set a “market perform” rating and a $16.40 price target on the stock. Analysts at KeyCorp raised their price target on shares of Empire State Realty Trust from $16.00 to $18.00 in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.20.
Empire State Realty Trust (NASDAQ:ESRT) traded down 0.49% on Wednesday, hitting $16.32. The stock had a trading volume of 174,053 shares. Empire State Realty Trust has a one year low of $12.65 and a one year high of $17.34. The stock has a 50-day moving average of $16.54 and a 200-day moving average of $15.65. The company has a market cap of $1.560 billion and a P/E ratio of 20.20.
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