Empire State Realty Trust (NYSE:ESRT) Releases FY 2025 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.860-0.890 for the period, compared to the consensus estimate of 0.930. The company issued revenue guidance of -.

Analyst Ratings Changes

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

Empire State Realty Trust Price Performance

Shares of ESRT traded down $0.08 during trading hours on Friday, hitting $8.67. The stock had a trading volume of 340,675 shares, compared to its average volume of 1,156,977. Empire State Realty Trust has a 52 week low of $8.60 and a 52 week high of $11.62. The company’s fifty day moving average is $9.77 and its two-hundred day moving average is $10.42. The company has a debt-to-equity ratio of 1.23, a current ratio of 3.72 and a quick ratio of 3.72. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 30.91 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a net margin of 6.45% and a return on equity of 2.84%. The firm had revenue of $155.13 million for the quarter, compared to analyst estimates of $192.62 million.

Empire State Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is 50.00%.

Insider Transactions at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 10,000 shares of Empire State Realty Trust stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the sale, the executive vice president now owns 86,807 shares in the company, valued at $876,750.70. The trade was a 10.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.95% of the stock is owned by corporate insiders.

Empire State Realty Trust Company Profile

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.