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

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

Empire State Realty Trust Price Performance

NYSE:ESRT traded down $0.12 during mid-day trading on Thursday, hitting $8.90. 1,233,982 shares of the stock traded hands, compared to its average volume of 1,119,390. The business’s 50-day moving average price is $9.82 and its 200 day moving average price is $10.43. The company has a market cap of $1.48 billion, a PE ratio of 32.94 and a beta of 1.40. Empire State Realty Trust has a 12-month low of $8.66 and a 12-month high of $11.62. 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 (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.05 by $0.19. The company had revenue of $155.13 million during the quarter, compared to analysts’ expectations of $192.62 million. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. On average, analysts expect that Empire State Realty Trust will post 0.93 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 annualized dividend and a yield of 1.57%. Empire State Realty Trust’s payout ratio is presently 51.85%.

Wall Street Analyst Weigh In

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

Insider Transactions at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 3,193 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $10.90, for a total value of $34,803.70. Following the completion of the sale, the executive vice president now directly owns 96,807 shares in the company, valued at approximately $1,055,196.30. The trade was a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 13.95% of the company’s stock.

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.