Empire State Realty Trust (NYSE:ESRT) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Empire State Realty Trust (NYSE:ESRT) from a hold rating to a sell rating in a research note released on Saturday.

Other research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Evercore set a $5.50 target price on Empire State Realty Trust in a research report on Thursday, July 30th. Wells Fargo & Company reduced their target price on Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a research note on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell” and a consensus target price of $5.50.

Empire State Realty Trust Price Performance

Shares of ESRT stock opened at $4.82 on Friday. Empire State Realty Trust has a fifty-two week low of $4.61 and a fifty-two week high of $8.07. The firm has a market capitalization of $834.49 million, a price-to-earnings ratio of 68.87 and a beta of 1.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50-day simple moving average is $5.25 and its 200-day simple moving average is $5.49.

Empire State Realty Trust (NYSE:ESRT) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. The company had revenue of $196.90 million during the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. As a group, equities analysts forecast that Empire State Realty Trust will post 0.77 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 200.00%.

Hedge Funds Weigh In On Empire State Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Empire State Realty Trust in the second quarter worth about $74,000. DRW Securities LLC acquired a new stake in shares of Empire State Realty Trust during the 4th quarter worth approximately $69,000. Vise Technologies Inc. purchased a new position in shares of Empire State Realty Trust during the 4th quarter valued at approximately $71,000. Royal Bank of Canada increased its holdings in shares of Empire State Realty Trust by 86.1% during the 1st quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 5,124 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of 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 valued at $73,000 after purchasing an additional 2,523 shares in the last quarter. 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.