Media stories about Empire State Realty Trust (NYSE:ESRT) have been trending positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 daily sentiment score of 0.30 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.1331319412028 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Empire State Realty Trust (NYSE ESRT) opened at $19.01 on Friday. Empire State Realty Trust has a 52-week low of $18.83 and a 52-week high of $21.98. The stock has a market cap of $3,030.00, a P/E ratio of 47.53, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. 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 announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The business had revenue of $122.39 million for the quarter, compared to analyst estimates of $122.22 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. sell-side analysts expect that Empire State Realty Trust will post 0.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.21%. Empire State Realty Trust’s payout ratio is presently 105.00%.
A number of brokerages have issued reports on ESRT. Zacks Investment Research upgraded shares of Empire State Realty Trust from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a research report on Monday, October 16th. TheStreet lowered shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Evercore ISI upgraded shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price on the stock in a research report on Monday, December 4th. BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Finally, BMO Capital Markets restated a “buy” rating and set a $23.00 target price on shares of Empire State Realty Trust in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.50.
In other Empire State Realty Trust news, Chairman Anthony E. Malkin sold 1,243,163 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $20.45, for a total transaction of $25,422,683.35. Following the transaction, the chairman now owns 156,416 shares in the company, valued at approximately $3,198,707.20. The sale 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.
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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