Empire State Realty Trust (NYSE:ESRT – Get Free Report) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.16), Yahoo Finance reports. Empire State Realty Trust had a net margin of 5.89% and a return on equity of 2.57%. The business had revenue of $199.60 million for the quarter. During the same period last year, the company earned $0.25 earnings per share. Empire State Realty Trust updated its FY 2024 guidance to 0.920-0.940 EPS.
Empire State Realty Trust Stock Performance
Shares of ESRT opened at $11.18 on Wednesday. Empire State Realty Trust has a 1 year low of $7.34 and a 1 year high of $11.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.24 and a quick ratio of 3.24. The stock’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $10.02. The firm has a market cap of $1.84 billion, a PE ratio of 37.27 and a beta of 1.40.
Empire State Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.14 annualized dividend and a dividend yield of 1.25%. Empire State Realty Trust’s payout ratio is currently 46.67%.
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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.
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