Empire State Realty Trust (NYSE:ESRT) Hits New 12-Month Low – What’s Next?

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) reached a new 52-week low during trading on Thursday . The stock traded as low as $4.36 and last traded at $4.3950, with a volume of 2694137 shares changing hands. The stock had previously closed at $4.39.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Evercore set a $5.50 price objective on Empire State Realty Trust in a research report on Thursday, July 30th. Wall Street Zen cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Wells Fargo & Company lowered their target price on shares of Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. Finally, Citigroup dropped their target price on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. One investment 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, Empire State Realty Trust currently has a consensus rating of “Sell” and a consensus target price of $5.17.

Empire State Realty Trust Stock Up 0.1%

The firm has a 50 day moving average price of $5.15 and a 200-day moving average price of $5.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.15. The firm has a market cap of $760.91 million, a PE ratio of 62.79 and a beta of 1.36.

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

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s payout ratio is 200.00%.

Hedge Funds Weigh In On Empire State Realty Trust

Several large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in shares of Empire State Realty Trust by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,934,145 shares of the real estate investment trust’s stock valued at $91,318,000 after purchasing an additional 1,153,446 shares during the period. Cohen & Steers Inc. increased its position in Empire State Realty Trust by 456.9% during 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 buying an additional 9,129,959 shares during the period. Lasalle Investment Management Securities LLC lifted its stake in Empire State Realty Trust by 64.0% in the first quarter. Lasalle Investment Management Securities LLC now owns 9,058,860 shares of the real estate investment trust’s stock valued at $47,106,000 after buying an additional 3,534,376 shares during the last quarter. Resolution Capital Ltd purchased a new stake in Empire State Realty Trust in the second quarter valued at approximately $43,706,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Empire State Realty Trust by 55.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,905,653 shares of the real estate investment trust’s stock valued at $25,509,000 after acquiring an additional 1,750,544 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.