Empire State Realty Trust, Inc. Declares Quarterly Dividend of $0.04 (NYSE:ESRT)

Empire State Realty Trust, Inc. (NYSE:ESRT) announced a quarterly dividend on Friday, May 15th. Investors of record on Monday, June 15th will be paid a dividend of 0.035 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th.

Empire State Realty Trust has decreased its dividend by an average of 0.1%annually over the last three years.

Empire State Realty Trust Stock Up 0.8%

Shares of NYSE ESRT traded up $0.05 during trading hours on Friday, hitting $5.45. The stock had a trading volume of 1,885,725 shares, compared to its average volume of 2,263,312. The company has a market capitalization of $938.88 million, a P/E ratio of 20.94 and a beta of 1.35. The firm’s 50-day moving average price is $5.49 and its two-hundred day moving average price is $5.98. Empire State Realty Trust has a 52 week low of $4.87 and a 52 week high of $8.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.94 and a current ratio of 1.94.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.