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

Empire State Realty Trust (NYSE:ESRT) will release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Empire State Realty Trust to post earnings of $0.19 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Empire State Realty Trust Stock Down 1.8 %

Empire State Realty Trust stock opened at $8.98 on Wednesday. The stock has a market capitalization of $1.47 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 3.34 and a beta of 1.30. Empire State Realty Trust has a twelve month low of $5.43 and a twelve month high of $10.32. The company has a quick ratio of 7.04, a current ratio of 7.04 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $9.76 and a 200-day moving average of $9.29.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, March 14th. Empire State Realty Trust’s payout ratio is 45.16%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.33.

Institutional Trading of Empire State Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its position in shares of Empire State Realty Trust by 37.6% in the second quarter. Osaic Holdings Inc. now owns 6,091 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,666 shares during the period. Ensign Peak Advisors Inc bought a new position in shares of Empire State Realty Trust in the third quarter valued at about $44,000. US Bancorp DE raised its position in shares of Empire State Realty Trust by 215.6% in the fourth quarter. US Bancorp DE now owns 7,589 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 5,184 shares during the period. Captrust Financial Advisors bought a new position in shares of Empire State Realty Trust in the second quarter valued at about $59,000. Finally, Two Sigma Advisers LP bought a new position in shares of Empire State Realty Trust in the third quarter valued at about $66,000. 67.10% of the stock is owned by institutional investors.

About Empire State Realty Trust

Empire 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.