Empire State Realty Trust (ESRT) Scheduled to Post Quarterly Earnings on Wednesday
Empire State Realty Trust (NYSE:ESRT) will be releasing its earnings data after the market closes on Wednesday, October 31st. Analysts expect Empire State Realty Trust to post earnings of $0.24 per share for the quarter.
Shares of NYSE:ESRT opened at $15.51 on Monday. Empire State Realty Trust has a 52-week low of $15.45 and a 52-week high of $20.93. The firm has a market capitalization of $2.61 billion, a P/E ratio of 16.16, a P/E/G ratio of 6.17 and a beta of 0.92. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.97.
Several brokerages recently issued reports on ESRT. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. BTIG Research lowered shares of Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Tuesday, July 31st. Finally, Bank of America lowered shares of Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.50.
Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building.
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