Empire State Realty Trust (ESRT) Set to Announce Earnings on Tuesday

Empire State Realty Trust (NYSE:ESRT) is set to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Empire State Realty Trust to post earnings of $0.19 per share for the quarter.

Empire State Realty Trust (NYSE:ESRT) opened at $18.14 on Tuesday. The firm has a market capitalization of $2,900.00, a PE ratio of 45.35, a P/E/G ratio of 4.33 and a beta of 0.86. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80. Empire State Realty Trust has a 1-year low of $17.52 and a 1-year high of $21.98.

A number of brokerages recently weighed in on ESRT. Zacks Investment Research raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, February 5th. TheStreet raised Empire State Realty Trust from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. BidaskClub cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. BMO Capital Markets reissued a “buy” rating and set a $23.00 price objective on shares of Empire State Realty Trust in a report on Wednesday, November 1st. Finally, Evercore ISI raised Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective on the stock in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Empire State Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $22.50.

In other Empire State Realty Trust news, Chairman Anthony E. Malkin sold 1,243,163 shares of Empire State Realty Trust stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.45, for a total value of $25,422,683.35. Following the transaction, the chairman now directly owns 156,416 shares of the company’s stock, valued at approximately $3,198,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.80% of the stock is owned by insiders.

An institutional investor recently raised its position in Empire State Realty Trust stock. The Manufacturers Life Insurance Company boosted its stake in Empire State Realty Trust Inc (NYSE:ESRT) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,571 shares of the real estate investment trust’s stock after purchasing an additional 479 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Empire State Realty Trust were worth $116,000 at the end of the most recent reporting period. 82.62% of the stock is currently owned by hedge funds and other 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.

Earnings History for Empire State Realty Trust (NYSE:ESRT)

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