Empire State Realty Trust (NYSE:ESRT) Sets New 12-Month Low – Here’s What Happened

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $4.34 and last traded at $4.3350, with a volume of 391750 shares trading hands. The stock had previously closed at $4.40.

Wall Street Analysts Forecast Growth

ESRT has been the topic of several recent research reports. Wall Street Zen downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Citigroup decreased their price target 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, August 5th. Evercore set a $5.50 price target on Empire State Realty Trust in a report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on shares of Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, September 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Sell” and an average target price of $5.17.

Empire State Realty Trust Stock Performance

The firm has a market capitalization of $738.40 million, a PE ratio of 60.94 and a beta of 1.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a 50-day moving average price of $5.03 and a 200-day moving average price of $5.29.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.The business had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. On average, research analysts expect that Empire State Realty Trust, Inc. will post 0.77 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio is presently 200.00%.

Institutional Trading of Empire State Realty Trust

A number of hedge funds have recently made changes to their positions in ESRT. Sequoia Financial Advisors LLC increased its stake in shares of Empire State Realty Trust by 92.1% in the second quarter. Sequoia Financial Advisors LLC now owns 22,083 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 10,590 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Empire State Realty Trust during the 2nd quarter worth $105,000. Engineers Gate Manager LP acquired a new position in Empire State Realty Trust during the 2nd quarter worth $447,000. Squarepoint Ops LLC increased its position in shares of Empire State Realty Trust by 43.4% in the 2nd quarter. Squarepoint Ops LLC now owns 136,077 shares of the real estate investment trust’s stock worth $736,000 after purchasing an additional 41,191 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in shares of Empire State Realty Trust in the 2nd quarter worth about $110,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

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.