Empire State Realty Trust (NYSE:ESRT) Posts Earnings Results

Empire State Realty Trust (NYSE:ESRT) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, Zacks reports. Empire State Realty Trust had a return on equity of 2.19% and a net margin of 5.09%. Empire State Realty Trust updated its FY 2026 guidance to 0.750-0.790 EPS.

Empire State Realty Trust Trading Up 2.5%

ESRT stock traded up $0.14 during midday trading on Wednesday, hitting $5.80. 1,717,539 shares of the company’s stock were exchanged, compared to its average volume of 1,782,983. The stock’s fifty day moving average price is $5.49 and its 200-day moving average price is $5.69. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market cap of $1.00 billion, a PE ratio of 22.32 and a beta of 1.35. Empire State Realty Trust has a one year low of $4.87 and a one year high of $8.07.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, June 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 53.85%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citigroup cut their target price on Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Evercore set a $6.00 target price on Empire State Realty Trust in a research report on Monday, June 8th. Weiss Ratings downgraded shares of Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company cut their price target on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating on the stock in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $5.92.

Institutional Investors Weigh In On Empire State Realty Trust

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Empire State Realty Trust during the 2nd quarter valued at about $74,000. DRW Securities LLC acquired a new position in shares of Empire State Realty Trust in the 4th quarter valued at approximately $69,000. Vise Technologies Inc. bought a new stake in Empire State Realty Trust during the 4th quarter worth approximately $71,000. Federation des caisses Desjardins du Quebec increased its stake in Empire State Realty Trust by 29.1% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 2,523 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Empire State Realty Trust by 50.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 11,752 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 3,941 shares during the period. Institutional investors and hedge funds own 67.10% of the company’s stock.

Empire State Realty Trust Company Profile

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.