Empire State Realty Trust (NYSE:ESRT) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Empire State Realty Trust (NYSE:ESRT) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19, Zacks reports. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. Empire State Realty Trust updated its FY 2025 guidance to 0.860-0.890 EPS.

Empire State Realty Trust Trading Down 0.4 %

Shares of NYSE ESRT traded down $0.04 during midday trading on Wednesday, reaching $9.01. The company had a trading volume of 1,058,829 shares, compared to its average volume of 1,117,641. The firm’s fifty day moving average price is $9.90 and its 200-day moving average price is $10.45. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust has a one year low of $8.78 and a one year high of $11.62. The stock has a market cap of $1.50 billion, a PE ratio of 33.35 and a beta of 1.40.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.035 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.14 annualized dividend and a dividend yield of 1.55%. Empire State Realty Trust’s dividend payout ratio is currently 51.85%.

Insider Buying and Selling

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total value of $101,000.00. Following the completion of the sale, the executive vice president now owns 86,807 shares in the company, valued at approximately $876,750.70. This trade represents a 10.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ESRT. StockNews.com lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. BMO Capital Markets upped their target price on Empire State Realty Trust from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th.

About Empire State Realty Trust

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT’s flagship Empire State Building – the “World’s Most Famous Building” – includes its Observatory, Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.