Empire State Realty Trust (NYSE:ESRT – Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.920-0.940 for the period, compared to the consensus estimate of 0.930. The company issued revenue guidance of -.
Empire State Realty Trust Stock Down 0.3 %
NYSE:ESRT opened at $11.18 on Wednesday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 37.27 and a beta of 1.40. Empire State Realty Trust has a 1-year low of $7.34 and a 1-year high of $11.62. The company’s fifty day moving average price is $10.75 and its 200-day moving average price is $10.02. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.24 and a quick ratio of 3.24.
Empire State Realty Trust (NYSE:ESRT – Get Free Report) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). The firm had revenue of $199.60 million for the quarter. Empire State Realty Trust had a net margin of 5.89% and a return on equity of 2.57%. During the same quarter in the previous year, the company posted $0.25 EPS. As a group, equities research analysts anticipate that Empire State Realty Trust will post 0.92 EPS for the current year.
Empire State Realty Trust Dividend Announcement
Analysts Set New Price Targets
Several analysts have recently issued reports on ESRT shares. BMO Capital Markets lifted their target price on shares of Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. StockNews.com downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company raised their price target on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th.
Check Out Our Latest Research Report on ESRT
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.
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