Empire State Realty Trust (NYSE:ESRT) Sets New 52-Week Low – What’s Next?

Empire State Realty Trust, Inc. (NYSE:ESRT) shares reached a new 52-week low on Tuesday . The stock traded as low as $5.05 and last traded at $5.1170, with a volume of 128944 shares. The stock had previously closed at $5.17.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup dropped their target price on shares of Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Weiss Ratings downgraded Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Evercore set a $7.00 price objective on Empire State Realty Trust in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company cut their target price on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $6.77.

Empire State Realty Trust Stock Down 1.5%

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22. The stock’s 50-day moving average is $6.03 and its 200-day moving average is $6.76. The company has a market cap of $857.06 million, a price-to-earnings ratio of 19.25 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $199.22 million for the quarter. Empire State Realty Trust had a net margin of 6.06% and a return on equity of 2.59%. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, March 13th. Empire State Realty Trust’s dividend payout ratio is 53.85%.

Institutional Trading of Empire State Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its holdings in Empire State Realty Trust by 456.9% in the fourth quarter. Cohen & Steers Inc. now owns 11,128,303 shares of the real estate investment trust’s stock worth $72,557,000 after acquiring an additional 9,129,959 shares in the last quarter. Resolution Capital Ltd bought a new stake in shares of Empire State Realty Trust during the second quarter valued at approximately $43,706,000. Lasalle Investment Management Securities LLC increased its holdings in shares of Empire State Realty Trust by 264.1% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 5,524,484 shares of the real estate investment trust’s stock valued at $36,020,000 after acquiring an additional 4,007,189 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Empire State Realty Trust by 204.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,155,109 shares of the real estate investment trust’s stock worth $20,571,000 after purchasing an additional 2,118,859 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Empire State Realty Trust by 137.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after purchasing an additional 1,798,850 shares during the period. 67.10% of the stock is owned by institutional investors.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.