Empire State Realty Trust Inc (NYSE:ESRT) – Investment analysts at KeyCorp issued their Q3 2018 earnings per share estimates for Empire State Realty Trust in a research report issued on Sunday, September 23rd. KeyCorp analyst C. Mailman expects that the real estate investment trust will post earnings of $0.23 per share for the quarter. KeyCorp also issued estimates for Empire State Realty Trust’s Q4 2018 earnings at $0.21 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.24 EPS and Q4 2019 earnings at $0.22 EPS.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Empire State Realty Trust had a return on equity of 4.62% and a net margin of 12.72%. The business had revenue of $124.04 million during the quarter, compared to analyst estimates of $122.58 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Empire State Realty Trust’s revenue for the quarter was up 2.6% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. BTIG Research lowered Empire State Realty Trust from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research note on Tuesday, July 31st. Zacks Investment Research raised Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Evercore ISI lowered Empire State Realty Trust from an “outperform” rating to an “inline” rating in a research note on Monday, June 11th. Finally, Bank of America lowered Empire State Realty Trust from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.86.

NYSE:ESRT opened at $16.44 on Wednesday. Empire State Realty Trust has a 52-week low of $15.94 and a 52-week high of $21.09. The company has a debt-to-equity ratio of 0.97, a current ratio of 7.10 and a quick ratio of 7.10. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 4.62 and a beta of 0.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, September 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is 43.75%.

In other Empire State Realty Trust news, CFO David A. Karp acquired 4,500 shares of the company’s stock in a transaction dated Monday, July 30th. The stock was purchased at an average price of $16.19 per share, with a total value of $72,855.00. Following the completion of the purchase, the chief financial officer now directly owns 5,500 shares in the company, valued at approximately $89,045. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Resolution Capital Ltd boosted its stake in Empire State Realty Trust by 18.7% during the second quarter. Resolution Capital Ltd now owns 8,685,500 shares of the real estate investment trust’s stock valued at $148,522,000 after buying an additional 1,369,762 shares during the last quarter. BlackRock Inc. boosted its stake in Empire State Realty Trust by 3.7% during the second quarter. BlackRock Inc. now owns 8,582,083 shares of the real estate investment trust’s stock valued at $146,753,000 after buying an additional 302,899 shares during the last quarter. Citadel Advisors LLC boosted its stake in Empire State Realty Trust by 109.7% during the second quarter. Citadel Advisors LLC now owns 3,444,342 shares of the real estate investment trust’s stock valued at $58,899,000 after buying an additional 1,801,601 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Empire State Realty Trust by 2.9% during the second quarter. AMP Capital Investors Ltd now owns 2,702,782 shares of the real estate investment trust’s stock valued at $46,218,000 after buying an additional 76,850 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Empire State Realty Trust by 32.7% during the second quarter. Renaissance Technologies LLC now owns 2,697,300 shares of the real estate investment trust’s stock valued at $46,124,000 after buying an additional 664,600 shares during the last quarter. 73.41% of the stock is owned by institutional investors.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), 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 world's most famous building.

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