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Empire State Realty (ESRT)
NYSE:ESRT
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ESRT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$8.78 - $11.62
Previous Close$10.15
Volume2.12M
Average Volume (3M)1.12M
Market Cap
$1.68B
Enterprise Value$4.45B
Total Cash (Recent Filing)$421.90M
Total Debt (Recent Filing)$2.48B
Price to Earnings (P/E)36.9
Beta1.17
Next Earnings
Feb 19, 2025EPS EstimateN/A
Last Dividend Ex-Date
Dec 16, 2024Dividend Yield1.39%
Share Statistics
EPS (TTM)0.27
Shares Outstanding166,757,302
10 Day Avg. Volume5,926,666
30 Day Avg. Volume1,115,663
Standard Deviation0.13
R-Squared0.31
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.67
Price to Sales (P/S)2.20
Price to Cash Flow (P/CF)4.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.83
Enterprise Value/Gross Profit11.12
Enterprise Value/Ebitda18.09
Forecast
1Y Price Target
$11.67Price Target Upside14.98% Upside
Rating ConsensusHold
Number of Analyst Covering4
Empire State Realty News
PremiumCompany Announcements
Empire State Realty Strengthens Leadership with Executive Amendments
PremiumCompany Announcements
Empire State Realty Trust Reports Strong Q3 2024 Results
PremiumCompany Announcements
Empire State Realty Confirms CEO’s Extended Tenure and Incentives
PremiumCompany Announcements
Empire State Realty’s Insightful Q2 2024 Earnings ReportBulls Say, Bears Say
Bulls Say
Financial Performance ExpectationsThe company's cash Same-Store NOI guidance was raised, indicating better financial performance expectations.
Lease And Occupancy ImprovementEmpire State Realty Trust's Manhattan office leased rate improved to 93.6%, the highest among NYC office peers.
Retail Portfolio GrowthESRT's Williamsburg retail portfolio is seen as a potentially attractive driver of medium-term growth.
Bears Say
Performance ExpectationsThe Empire State Building Observatory visitor count did not meet expectations.
Revenue ImpactThe number of visitors to the company's observatory was lower than estimated, which could impact revenue.
Visitor CountObservatory visitors totaled 727K, below the 755K estimate and down 2.2% year-over-year.
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Ownership Overview
0.38% Insiders
25.29% Mutual Funds
12.17% Other Institutional Investors
43.07% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ESRT FAQ
What was Empire State Realty’s price range in the past 12 months?
Empire State Realty lowest stock price was $8.78 and its highest was $11.62 in the past 12 months.
What is Empire State Realty’s market cap?
Currently, no data Available
When is Empire State Realty’s upcoming earnings report date?
Empire State Realty’s upcoming earnings report date is Feb 19, 2025 which is in 59 days.
How were Empire State Realty’s earnings last quarter?
Empire State Realty released its earnings results on Oct 21, 2024. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of N/A by $0.08.
Is Empire State Realty overvalued?
According to Wall Street analysts Empire State Realty’s price is currently Undervalued.
Does Empire State Realty pay dividends?
Empire State Realty pays a Quarterly dividend of $0.035 which represents an annual dividend yield of 1.39%. See more information on Empire State Realty dividends here
What is Empire State Realty’s EPS estimate?
Empire State Realty’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Empire State Realty have?
Empire State Realty has 165,778,140 shares outstanding.
What happened to Empire State Realty’s price movement after its last earnings report?
Empire State Realty reported an EPS of $0.08 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.358%.
Which hedge fund is a major shareholder of Empire State Realty?
Among the largest hedge funds holding Empire State Realty’s share is Southeastern Asset Management Inc. It holds Empire State Realty’s shares valued at 21M.
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Empire State Realty Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$11.67 (14.98% Upside)
$11.67 (14.98% Upside)
Blogger Sentiment
Bullish
ESRT Sentiment 66%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 605.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 9.6%
Last 30 Days ▲ 9.7%
Last 30 Days ▲ 9.7%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.22%
12-Months-Change
Fundamentals
Return on Equity
4.95%
Trailing 12-Months
Asset Growth
5.23%
Trailing 12-Months
Company Description
Empire State Realty
Empire State Realty Trust, Inc. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties in Manhattan and the greater New York metropolitan area. It operates through the Real Estate and Observatory segments. The real estate segment includes ownership, management, operation, acquisition, repositioning and disposition of real estate assets. The Observatory segment manages observatories at the empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.
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ESRT Company Deck
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ESRT Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflects a positive trajectory in leasing performance, occupancy rates, and strategic retail acquisitions in a prime location. The company maintains a strong balance sheet and leadership in sustainability. However, challenges such as softer visitor numbers at the Observatory and potential dilution from recent transactions were noted. Overall, the call indicates more positive developments than negative, with continued growth and strong financial health.Read More>---
ESRT Stock 12 Month Forecast
Average Price Target
$11.67
▲(14.98% Upside)
Technical Analysis
Best Analysts Covering ESRT
1 Year
1 Year Success Rate
12/24 ratings generated profit
1 Year Average Return
+6.19%
reiterated a buy rating last month
Copying John Kim's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +6.19% per trade.
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