Empire State Realty Trust (ESRT) Set to Announce Earnings on Tuesday
Empire State Realty Trust (NYSE:ESRT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Empire State Realty Trust to post earnings of $0.19 per share for the quarter.
Empire State Realty Trust (NYSE ESRT) opened at $18.14 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.93 and a current ratio of 4.93. Empire State Realty Trust has a 12 month low of $17.52 and a 12 month high of $21.98. The stock has a market capitalization of $2,900.00, a P/E ratio of 45.35, a PEG ratio of 4.33 and a beta of 0.86.
In other news, Chairman Anthony E. Malkin sold 1,243,163 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the transaction, the chairman now directly owns 156,416 shares of the company’s stock, valued at $3,198,707.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.80% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a research note on Monday, October 16th. TheStreet cut Empire State Realty Trust from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. Evercore ISI raised Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price on the stock in a research note on Monday, December 4th. BidaskClub cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Finally, BMO Capital Markets reissued a “buy” rating and set a $23.00 target price on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.50.
Empire State Realty Trust Company Profile
Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.
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