Empire State Realty Trust (NYSE:ESRT) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $5.18 and traded as low as $4.04. Empire State Realty Trust shares last traded at $4.1350, with a volume of 4,136,873 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ESRT shares. Wall Street Zen downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Citigroup lowered their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a research note on Friday, August 7th. Evercore set a $5.00 target price on Empire State Realty Trust in a research report on Monday. Finally, Wells Fargo & Company decreased their target price on Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Sell” and an average target price of $5.00.

Empire State Realty Trust Price Performance

The firm has a market cap of $710.87 million, a PE ratio of 58.67 and a beta of 1.36. The firm has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $5.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.32 and a current ratio of 1.32.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. 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. Equities analysts predict that Empire State Realty Trust, Inc. will post 0.77 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0350 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 200.00%.

Institutional Trading of Empire State Realty Trust

Several hedge funds have recently made changes to their positions in ESRT. Cohen & Steers Inc. grew its position 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. Lasalle Investment Management Securities LLC raised its position in Empire State Realty Trust by 64.0% during 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 purchasing an additional 3,534,376 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Empire State Realty Trust by 55.5% in the 1st 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 purchasing an additional 1,750,544 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Empire State Realty Trust by 1.4% in the 4th quarter. Centersquare Investment Management LLC now owns 3,524,489 shares of the real estate investment trust’s stock valued at $22,980,000 after purchasing an additional 48,920 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Empire State Realty Trust by 21.4% in the 4th quarter. Legal & General Group Plc now owns 3,242,073 shares of the real estate investment trust’s stock worth $21,138,000 after purchasing an additional 571,083 shares during the period. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust that owns, manages, and operates office, retail, and multifamily properties primarily in Manhattan and the greater New York City region. The company’s portfolio includes office and retail buildings serving businesses, residents, and visitors.

Its best-known property is the Empire State Building, which includes office space, retail offerings, and the Empire State Building Observatory. The company also operates other prominent commercial properties in Manhattan, including buildings in Midtown and the surrounding business districts.

Empire State Realty Trust was established as a public REIT in 2013.