News headlines about Empire State Realty Trust (NYSE:ESRT) have been trending positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of 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 news impact score of 0.35 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.0408622541182 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Brandywine Realty Trust (BDN) Given Daily Media Impact Rating of 0.32 (nismagazine.com)
- Empire State Building to Present Music-to-Light Show ft. GREATEST SHOWMAN Music (broadwayworld.com)
- Empire State Building And Twentieth Century Fox Debut New Music-to-Light Show (finance.yahoo.com)
- Empire State Realty Trust Inc (ESRT) Chairman Anthony E. Malkin Sells 1,243,163 Shares (americanbankingnews.com)
- Empire State Realty Trust Inc (ESRT) Forecasted to Post FY2017 Earnings of $0.94 Per Share (americanbankingnews.com)
Empire State Realty Trust (NYSE:ESRT) traded up $0.02 on Friday, hitting $20.37. 577,600 shares of the company’s stock were exchanged, compared to its average volume of 864,889. The company has a market capitalization of $3,211.97, a price-to-earnings ratio of 20.88, a P/E/G ratio of 5.15 and a beta of 0.98. Empire State Realty Trust has a fifty-two week low of $19.54 and a fifty-two week high of $21.98. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80.
Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. equities research analysts expect that Empire State Realty Trust will post 0.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.105 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.06%. Empire State Realty Trust’s payout ratio is currently 107.70%.
ESRT has been the subject of a number of research reports. Zacks Investment Research cut shares of Empire State Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. TheStreet cut shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a report on Thursday, November 16th. BMO Capital Markets reaffirmed a “buy” rating and set a $23.00 target price on shares of Empire State Realty Trust in a report on Wednesday, November 1st. BidaskClub cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 28th. Finally, Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price for the company in a report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.50.
In other Empire State Realty Trust news, Chairman Anthony E. Malkin sold 1,243,163 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.45, for a total value of $25,422,683.35. Following the completion of the transaction, the chairman now directly owns 156,416 shares in the company, valued at $3,198,707.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.80% of the company’s stock.
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.
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