Empire State Realty Trust Inc (NYSE:ESRT) – Stock analysts at KeyCorp lowered their FY2017 earnings estimates for Empire State Realty Trust in a research report issued on Monday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings per share of $0.94 for the year, down from their previous forecast of $0.95. KeyCorp also issued estimates for Empire State Realty Trust’s FY2018 earnings at $1.02 EPS.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The company had revenue of $122.39 million for the quarter, compared to analyst estimates of $122.22 million. During the same period in the previous year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Empire State Realty Trust from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $23.00 target price on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a report on Monday, October 16th. Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective on the stock in a research note on Monday. Finally, BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.

Empire State Realty Trust (NYSE:ESRT) opened at $20.31 on Wednesday. The company has a market cap of $3,262.73, a price-to-earnings ratio of 21.21, a PEG ratio of 5.22 and a beta of 0.98. Empire State Realty Trust has a 1-year low of $19.54 and a 1-year high of $21.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 4.93 and a quick ratio of 4.93.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.42 annualized dividend and a yield of 2.07%. Empire State Realty Trust’s dividend payout ratio is currently 107.70%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eii Capital Management Inc. acquired a new position in Empire State Realty Trust in the 3rd quarter valued at $797,000. California Public Employees Retirement System increased its stake in Empire State Realty Trust by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 159,286 shares of the real estate investment trust’s stock valued at $3,272,000 after buying an additional 3,286 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in Empire State Realty Trust in the 3rd quarter valued at $2,903,000. Cohen & Steers Inc. increased its stake in Empire State Realty Trust by 3.9% in the 3rd quarter. Cohen & Steers Inc. now owns 19,570,975 shares of the real estate investment trust’s stock valued at $401,988,000 after buying an additional 727,977 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Empire State Realty Trust by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 268,286 shares of the real estate investment trust’s stock valued at $5,479,000 after buying an additional 6,816 shares during the period. 82.51% of the stock is currently owned by institutional investors.

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Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.

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