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

Empire State Realty Trust (NYSE:ESRT) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $192.62 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Empire State Realty Trust Stock Performance

Shares of ESRT opened at $9.11 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market capitalization of $1.52 billion, a PE ratio of 33.73 and a beta of 1.40. The company’s fifty day moving average price is $9.90 and its 200 day moving average price is $10.45. Empire State Realty Trust has a one year low of $8.78 and a one year high of $11.62.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.035 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 annualized dividend and a yield of 1.54%. Empire State Realty Trust’s dividend payout ratio is 51.85%.

Insider Activity

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 3,193 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total value of $34,803.70. Following the completion of the transaction, the executive vice president now directly owns 96,807 shares of the company’s stock, valued at approximately $1,055,196.30. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Empire State Realty Trust Company Profile

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.