Empire State Realty Trust Inc (ESRT) to Release Quarterly Earnings on Tuesday

Empire State Realty Trust Inc (NYSE:ESRT) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Empire State Realty Trust had a net margin of 17.70% and a return on equity of 5.76%. The company had revenue of $120.80 million during the quarter, compared to the consensus estimate of $118.81 million. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts expect Empire State Realty Trust to post $0.96 EPS for the current fiscal year and $1.04 EPS for the next fiscal year.

Shares of Empire State Realty Trust Inc (ESRT) opened at 20.23 on Friday. The company has a market capitalization of $3.21 billion, a P/E ratio of 51.61 and a beta of 1.01. The stock’s 50 day moving average is $20.52 and its 200-day moving average is $20.73. Empire State Realty Trust Inc has a 12-month low of $18.62 and a 12-month high of $21.98.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.42 annualized dividend and a yield of 2.08%. Empire State Realty Trust’s payout ratio is 107.70%.

Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $22.00.

A hedge fund recently raised its stake in Empire State Realty Trust stock. The Manufacturers Life Insurance Company raised its holdings in shares of Empire State Realty Trust Inc (NYSE:ESRT) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,571 shares of the real estate investment trust’s stock after purchasing an additional 479 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Empire State Realty Trust were worth $116,000 as of its most recent filing with the Securities & Exchange Commission. 83.52% of the stock is owned by institutional investors and hedge funds.

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About Empire State Realty Trust

Empire State Realty Trust, Inc is a real estate investment trust. The Company 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 Company operates through two segments: Real Estate and Observatory.

Earnings History for Empire State Realty Trust (NYSE:ESRT)

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