News coverage about Empire State Realty Trust (NYSE:ESRT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.0725421073746 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Empire State Realty Trust, Inc. (ESRT) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Court Protects ESRT’s Lease Terms for Pacifica’s Non-Profit WBAI Radio in NYC – Denies “Unconscionability” Motion – Common Dreams (commondreams.org)
- WBAI loses suit with landlord and now faces uncertain future (crainsnewyork.com)
- Empire State Realty wins lawsuit against non-profit radio station Pacifica WBAI – Real Estate Weekly (rew-online.com)
- Empire State Realty Trust, Inc. : ESRT-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 4, 2017 (finance.yahoo.com)
A number of equities analysts have recently commented on ESRT shares. Zacks Investment Research downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. BidaskClub raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Empire State Realty Trust in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.75.
Shares of Empire State Realty Trust (NYSE:ESRT) opened at 20.67 on Tuesday. The firm has a market cap of $3.28 billion, a PE ratio of 52.73 and a beta of 1.01. The company’s 50 day moving average is $20.44 and its 200-day moving average is $20.75. Empire State Realty Trust has a 12 month low of $18.62 and a 12 month high of $21.98.
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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Empire State Realty Trust had a net margin of 11.67% and a return on equity of 3.85%. The business had revenue of $120.80 million during the quarter, compared to analysts’ expectations of $118.81 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. Empire State Realty Trust’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Empire State Realty Trust will post $0.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given 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 2.03%. Empire State Realty Trust’s dividend payout ratio is 107.70%.
Empire State Realty Trust Company Profile
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.
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