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

Empire State Realty Trust (NYSE:ESRT) updated its FY 2025 earnings guidance on Wednesday. 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 -.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ESRT. BMO Capital Markets increased their price objective on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

Empire State Realty Trust Trading Down 1.3 %

NYSE ESRT traded down $0.12 on Thursday, hitting $8.90. The company’s stock had a trading volume of 1,233,982 shares, compared to its average volume of 1,119,390. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 1.23. Empire State Realty Trust has a 1-year low of $8.66 and a 1-year high of $11.62. The company’s 50-day moving average is $9.82 and its 200 day moving average is $10.43. The firm has a market cap of $1.48 billion, a PE ratio of 32.94 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share 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%. The company had revenue of $155.13 million during the quarter, compared to analysts’ expectations of $192.62 million. As a group, analysts predict that Empire State Realty Trust will post 0.93 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 51.85%.

Insider Transactions at Empire State Realty Trust

In other news, EVP Thomas P. Durels sold 10,000 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total transaction of $101,000.00. Following the completion of the sale, the executive vice president now directly owns 86,807 shares in the company, valued at $876,750.70. This represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.95% of the stock is currently owned by corporate insiders.

About Empire State Realty Trust

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.