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

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

Empire State Realty Trust Trading Down 0.6 %

Shares of NYSE:ESRT opened at $9.11 on Tuesday. The firm has a fifty day moving average of $9.90 and a two-hundred day moving average of $10.45. The firm has a market capitalization of $1.52 billion, a P/E ratio of 33.73 and a beta of 1.40. Empire State Realty Trust has a 12-month low of $8.78 and a 12-month high of $11.62. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

Wall Street Analysts Forecast Growth

ESRT has been the subject of a number of research reports. 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 note on Friday, November 15th. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

Insider Activity

In other news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the transaction, the executive vice president now owns 86,807 shares in the company, valued at approximately $876,750.70. This trade represents a 10.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.95% of the stock is owned by insiders.

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.