Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low – What’s Next?

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $5.24 and last traded at $5.28, with a volume of 306634 shares trading hands. The stock had previously closed at $5.53.

Wall Street Analysts Forecast Growth

ESRT has been the subject of several recent research reports. Evercore set a $7.00 price target on Empire State Realty Trust in a report on Wednesday, February 18th. Weiss Ratings cut shares of Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Citigroup cut their price objective on shares of Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Finally, Wells Fargo & Company reduced their target price on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating for the company in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.58.

Empire State Realty Trust Stock Down 4.7%

The firm’s fifty day simple moving average is $6.36 and its 200-day simple moving average is $6.98. The company has a market cap of $896.90 million, a PE ratio of 20.27 and a beta of 1.36. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.22.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.23 earnings per share for the quarter. Empire State Realty Trust had a net margin of 6.06% and a return on equity of 2.59%. The business had revenue of $199.22 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts expect that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.14 annualized dividend and a yield of 2.7%. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 53.85%.

Institutional Trading of Empire State Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in ESRT. Aster Capital Management DIFC Ltd acquired a new position in Empire State Realty Trust in the 3rd quarter valued at about $29,000. Simplex Trading LLC lifted its holdings in Empire State Realty Trust by 869.5% in the 2nd quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 7,408 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Empire State Realty Trust during the 4th quarter worth about $69,000. Vise Technologies Inc. purchased a new stake in shares of Empire State Realty Trust during the fourth quarter worth about $71,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of Empire State Realty Trust by 29.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 2,523 shares in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

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.