Empire State Realty Trust (NYSE:ESRT) Reaches New 12-Month Low – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT) reached a new 52-week low on Friday . The company traded as low as $4.61 and last traded at $4.61, with a volume of 324367 shares trading hands. The stock had previously closed at $4.64.

Analyst Upgrades and Downgrades

Several research firms recently commented on ESRT. Wells Fargo & Company dropped their target price on Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating on the stock in a report on Monday, June 1st. Wall Street Zen lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Citigroup cut their target price on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a research note on Friday, August 7th. Finally, Evercore set a $5.50 price target on shares of Empire State Realty Trust in a report on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and an average price target of $5.50.

Empire State Realty Trust Stock Down 0.6%

The company has a market cap of $798.13 million, a price-to-earnings ratio of 65.87 and a beta of 1.36. The business has a fifty day moving average of $5.19 and a two-hundred day moving average of $5.42. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.15.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. The business had revenue of $196.90 million during the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. As a group, equities analysts anticipate that Empire State Realty Trust, Inc. will post 0.77 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s payout ratio is presently 200.00%.

Institutional Trading of Empire State Realty Trust

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Empire State Realty Trust by 86.1% during the 1st quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 5,124 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Empire State Realty Trust in the 1st quarter worth about $60,000. DRW Securities LLC acquired a new stake in Empire State Realty Trust in the 4th quarter worth about $69,000. Vise Technologies Inc. purchased a new stake in Empire State Realty Trust during the 4th quarter worth approximately $71,000. Finally, Federation des caisses Desjardins du Quebec increased its stake in Empire State Realty Trust by 29.1% during the 4th 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. Institutional investors and hedge funds own 67.10% of the company’s stock.

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.