Empire State Realty Trust (NYSE:ESRT) Releases FY 2025 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.860-0.890 for the period, compared to the consensus estimate of 0.930. The company issued revenue guidance of -.

Empire State Realty Trust Stock Down 0.4 %

NYSE:ESRT traded down $0.04 on Wednesday, hitting $9.01. The stock had a trading volume of 1,058,829 shares, compared to its average volume of 1,117,641. The firm’s fifty day simple moving average is $9.90 and its two-hundred day simple moving average is $10.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.72 and a current ratio of 3.72. Empire State Realty Trust has a 1 year low of $8.78 and a 1 year high of $11.62. The stock has a market cap of $1.50 billion, a P/E ratio of 33.35 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.19. Empire State Realty Trust had a net margin of 6.22% and a return on equity of 2.73%. Analysts predict that Empire State Realty Trust will post 0.93 earnings per share for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.035 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.55%. Empire State Realty Trust’s dividend payout ratio is 51.85%.

Wall Street Analyst Weigh In

ESRT has been the subject of a number of recent research reports. StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 15th.

Insider Buying and Selling at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the transaction, the executive vice president now owns 86,807 shares in the company, valued at $876,750.70. The trade was a 10.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.01% of the company’s stock.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT’s flagship Empire State Building – the “World’s Most Famous Building” – includes its Observatory, Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.