Empire State Realty Trust (NYSE:ESRT – Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16), Yahoo Finance reports. Empire State Realty Trust had a return on equity of 2.57% and a net margin of 5.89%. The company had revenue of $199.60 million for the quarter. During the same quarter in the prior year, the business posted $0.25 EPS. Empire State Realty Trust updated its FY 2024 guidance to 0.920-0.940 EPS.
Empire State Realty Trust Stock Down 2.5 %
ESRT stock traded down $0.28 during mid-day trading on Wednesday, reaching $10.90. The company had a trading volume of 2,307,875 shares, compared to its average volume of 1,129,148. Empire State Realty Trust has a 52 week low of $7.34 and a 52 week high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.24 and a quick ratio of 3.24. The stock has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $10.02. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 36.33 and a beta of 1.40.
Empire State Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.14 annualized dividend and a yield of 1.28%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Empire State Realty Trust
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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