Empire State Realty Trust Inc (ESRT) Announces Quarterly Dividend of $0.09
Empire State Realty Trust (NASDAQ:ESRT) declared a quarterly dividend on Tuesday, September 2nd, American Banking and Market News reports. Investors of record on Monday, September 15th will be given a dividend of 0.085 per share on Tuesday, September 30th. This represents a $0.34 dividend on an annualized basis and a yield of 2.07%.
On a related note, analysts at Wells Fargo & Co. initiated coverage on shares of Empire State Realty Trust in a research note on Monday, July 28th. They set a “market perform” rating and a $16.40 price target on the stock. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Empire State Realty Trust has an average rating of “Hold” and an average target price of $16.72.
Shares of Empire State Realty Trust (NASDAQ:ESRT) traded up 0.12% on Tuesday, hitting $16.46. The stock had a trading volume of 340,247 shares. Empire State Realty Trust has a 1-year low of $12.65 and a 1-year high of $17.34. The stock has a 50-day moving average of $16.39 and a 200-day moving average of $15.91. The company has a market cap of $1.618 billion and a price-to-earnings ratio of 18.62.
Empire State Realty Trust (NASDAQ:ESRT) last released its earnings data on Wednesday, July 30th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.01. The company had revenue of $155.17 million for the quarter, compared to the consensus estimate of $91.29 million. On average, analysts predict that Empire State Realty Trust will post $0.80 earnings per share for the current fiscal year.
Empire State Realty Trust, Inc is a self-administered and self-managed real estate investment trust (NASDAQ:ESRT), which owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area.
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