Empire State Realty Trust (NYSE:ESRT) Reaches New 12-Month Low – What’s Next?

Shares of Empire State Realty Trust, Inc. (NYSE:ESRT) hit a new 52-week low on Tuesday . The stock traded as low as $4.84 and last traded at $4.8650, with a volume of 58235 shares traded. The stock had previously closed at $4.93.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup lowered their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday. Evercore set a $5.50 price target on shares of Empire State Realty Trust in a research report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a report on Monday, June 1st. Finally, Weiss Ratings cut shares of Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $5.50.

Empire State Realty Trust Stock Down 0.7%

The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $845.77 million, a PE ratio of 70.08 and a beta of 1.36. The firm has a 50-day moving average of $5.43 and a two-hundred day moving average of $5.63.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The business had revenue of $165.17 million for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. Equities research analysts predict that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s payout ratio is 200.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Empire State Realty Trust by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 11,934,145 shares of the real estate investment trust’s stock valued at $91,318,000 after buying an additional 1,153,446 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Empire State Realty Trust by 456.9% in the fourth quarter. Cohen & Steers Inc. now owns 11,128,303 shares of the real estate investment trust’s stock valued at $72,557,000 after purchasing an additional 9,129,959 shares in the last quarter. Lasalle Investment Management Securities LLC increased its stake in Empire State Realty Trust by 64.0% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 9,058,860 shares of the real estate investment trust’s stock worth $47,106,000 after buying an additional 3,534,376 shares during the period. Resolution Capital Ltd acquired a new stake in Empire State Realty Trust during the 2nd quarter worth approximately $43,706,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Empire State Realty Trust by 55.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,905,653 shares of the real estate investment trust’s stock valued at $25,509,000 after buying an additional 1,750,544 shares during the period. 67.10% of the stock is currently owned by institutional investors and hedge funds.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.