Empire State Realty Trust (ESRT) Projected to Post Quarterly Earnings on Wednesday

Empire State Realty Trust (NYSE:ESRT) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $192.62 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $9.11 on Monday. The stock has a market cap of $1.52 billion, a PE ratio of 33.73 and a beta of 1.40. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust has a twelve month low of $8.78 and a twelve month high of $11.62. The stock has a fifty day simple moving average of $9.95 and a 200-day simple moving average of $10.46.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is presently 51.85%.

Insider Activity at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the transaction, the executive vice president now directly owns 86,807 shares in the company, valued at $876,750.70. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ESRT has been the subject of a number of research analyst reports. StockNews.com cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. BMO Capital Markets increased their price target on 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 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.