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Empire State Realty Trust, Inc. (ESRT)

Stock Price: $9.42 USD 0.11 (1.18%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $9.26 -0.16 (-1.70%) Jan 15, 7:11 PM
Market Cap 2.71B
Revenue (ttm) 652.76M
Net Income (ttm) 297,000
Shares Out 173.05M
EPS (ttm) 0.00
PE Ratio 9,420.00
Forward PE 37.74
Dividend $0.42
Dividend Yield 4.46%
Trading Day January 15
Last Price $9.42
Previous Close $9.31
Change ($) 0.11
Change (%) 1.18%
Day's Open 9.30
Day's Range 9.17 - 9.46
Day's Volume 1,427,819
52-Week Range 5.38 - 13.89

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PRNewsWire - 3 days ago

NEW YORK, Jan. 14, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Ernest Klein & Co. Gourmet Foods, an international neighborhood supermarket, renewed i...

PRNewsWire - 1 week ago

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Trexquant Investment, a quantitative investment firm, renewed its lease at First Stamfo...

The Motley Fool - 1 week ago

2020 was a terrible year for some REITs, and Ryman, Kimco, and Empire State were right in the line of fire.

Other stocks mentioned: KIM, RHP
Seeking Alpha - 1 week ago

The traditional 60/40 portfolio is challenged. Inflation risks could manifest.

Other stocks mentioned: BAC, BCS, C, CHL, COPX, EUCMF, GS, LUNMF, MS, T, VNNVF
Seeking Alpha - 2 weeks ago

The New York commercial office market is substantially challenged with current vacancy rates approaching 14 percent.

The Motley Fool - 3 weeks ago

Here are three REITs that could thrive in a post-pandemic world.

Other stocks mentioned: DLR, MAA
The Motley Fool - 3 weeks ago

Several tech heavyweights have relocated. Here's how to play it with real estate.

Other stocks mentioned: HHC, MAA
The Motley Fool - 3 weeks ago

This stock has performed very well recently, but could still have more room to the upside.

PRNewsWire - 1 month ago

NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that ClearView Healthcare Partners, a global strategy firm with consultants who serve the l...

PRNewsWire - 1 month ago

NEW YORK, Dec. 17, 2020 /PRNewswire/ -- Empire State Realty Trust (NYSE: ESRT) announced today that six of its properties have achieved Fitwel certification and that ESRT is a Fitwel Champion....

Business Wire - 1 month ago

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater N...

Seeking Alpha - 1 month ago

We Are Selling A Few REITs

Other stocks mentioned: BAM, GMRE, GNL, HT, KLPEF, MAC, MNR, UBA, UBP, VNQ, WPC
Seeking Alpha - 1 month ago

COVID has decimated New York City's economy. High COVID infection rates and low office utilization rates fuel concerns about the impact of work from home on the NYC office market. NYC REIT has...

Other stocks mentioned: NYC, PGRE, SLG, VNO
The Motley Fool - 1 month ago

Here are two stocks that could have tremendous upside in a post-pandemic world.

Other stocks mentioned: WFC
The Motley Fool - 1 month ago

Why have office REITs done so well since vaccine data was announced, and is there still room to grow?

Other stocks mentioned: SLG
The Motley Fool - 1 month ago

Some of the most beaten-down stocks of 2020 have rallied sharply on vaccine news. Will the momentum continue?

Other stocks mentioned: EPR, SKT
The Motley Fool - 1 month ago

Real estate investment trusts have been some of the biggest winners of COVID-19 vaccine news, but some could have much more upside ahead.

Other stocks mentioned: RHP, STOR
The Motley Fool - 1 month ago

Do these stocks belong on your watch list?

Other stocks mentioned: BAC, BKNG
The Motley Fool - 1 month ago

Shares of the New York City focused REIT took off thanks to vaccine developments, but there's still a long road ahead.

The Motley Fool - 1 month ago

Empire State owns an iconic property. That's part of its allure and part of its problem.

Business Wire - 1 month ago

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that Grant H. Hill has joined its Board of Directors, effective November 30. Grant H. Hi...

Seeking Alpha - 1 month ago

The REIT sectors benefitting from today's structural tailwinds include cell towers, data centers, life science, and single-family residential. We need to use caution to properly adapt to the c...

Other stocks mentioned: BXP, CIO, KRC, SLG
PRNewsWire - 1 month ago

NEW YORK, Nov. 24, 2020 /PRNewswire/ -- In its first year of submission to GRESB, Empire State Realty Trust (NYSE: ESRT) earned the highest possible GRESB 5 Star Rating and Green Star recognit...

Seeking Alpha - 1 month ago

Billionaire investor Bruce Flatt is betting big on real estate and expects property prices to surge in the aftermath of this crisis. He believes that REITs are the best bargains in today's mar...

Other stocks mentioned: BAM, FRT, KLPEF, MAC, SAFE, SPG
CNBC Television - 2 months ago

Don Peebles on the future of real estate after the pandemic

Don Peebles, The Peebles Corporation CEO, President Obama's National Finance Committee and former chairman of The Congressional Black Caucus Foundation, joins 'The Exchange' to discuss his out...

Other stocks mentioned: BPR, MAC, SPG, TCO
Zacks Investment Research - 2 months ago

Empire State Realty Trust (ESRT) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

The Motley Fool - 2 months ago

The beaten-down REIT is having an excellent day to end a turbulent week.

Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that it has closed on a $180 million mortgage loan for 250 West 57th Street, a 542,000 s...

The Motley Fool - 2 months ago

Some of our favorite banks and real estate stocks are having their best rallies in years.

Other stocks mentioned: BAC, C, EPR, GS, JPM, MS, SKT, SPG, WFC
The Motley Fool - 2 months ago

Here's how this office REIT's business is doing, and what investors should keep an eye on.

PRNewsWire - 2 months ago

NEW YORK, Nov. 11, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) and iHeartMedia today announced that the annual Empire State Building (ESB) holiday music-to-light show wil...

InvestorPlace - 2 months ago

Although the rally from the March doldrums has skyrocketed many companies, there are still some cheap stocks to advantage. The post 9 Cheap Stocks to Buy on the Transition of Power appeared fi...

Other stocks mentioned: AMWL, BTG, CNK, CWEN, HUYA, MOMO, SPWH, VRS
PRNewsWire - 2 months ago

NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Swedbank, a Stockholm-based banking group, signed a 7,905 sq ft. lease on the 45th floo...

The Motley Fool - 2 months ago

We just got positive vaccine data. Here's why it's making these stocks soar.

Other stocks mentioned: EPR, RHP
The Motley Fool - 2 months ago

These REITs show that you can't paint an entire industry with a single brush.

Other stocks mentioned: RESI, CXW
Seeking Alpha - 2 months ago

I expect a decade-long and protracted glut in the over-supplied NY office real-estate market. Management misallocated capital by buying back shares far too early.

Seeking Alpha - 2 months ago

The outcome of the presidential election will have an impact on taxes and regulation. This will cause some REITs to perform better than others.

Other stocks mentioned: BNL, FRT, MNR, PSB, UBA, UBP
Seeking Alpha - 2 months ago

Empire State Realty Trust, Inc. (ESRT) CEO Anthony Malkin on Q3 2020 Results - Earnings Call Transcript

Seeking Alpha - 2 months ago

The best opportunities are in the most-beaten property sectors. The pandemic will pass and things will gradually return to normal. Private equity players are buying discounted retail and offic...

Other stocks mentioned: UBA, VNQ
Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), a real estate investment trust with office and retail properties in Manhattan and the greater New York m...

PRNewsWire - 2 months ago

NEW YORK, Oct. 21, 2020 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) ("the Company") announced today that the Company signed a direct lease with Centric Brands for 212,154 squa...

Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”) today announced that it will release its third quarter 2020 financial results on Wednesday, October 28, ...

Seeking Alpha - 3 months ago

It may seem like a bad idea to invest in retail and office REITs in the midst of a pandemic.

Other stocks mentioned: UBA
Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)-- #WeAreWELL--The International WELL Building Institute (IWBI) today announced that Empire State Realty Trust, Inc. (NYSE: ESRT), the greater New York metro area offi...

The Motley Fool - 3 months ago

Wall Street isn't giving these stocks much love, but I think they could have very bright futures.

Other stocks mentioned: SKT, USB
The Motley Fool - 3 months ago

These two stocks are bargains now, but won't be after a vaccine comes.

Other stocks mentioned: RHP
Business Wire - 4 months ago

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a leading real estate investment trust with office and retail properties in Manhattan and the greater N...

Seeking Alpha - 4 months ago

Dividends By The Numbers In August 2020

Other stocks mentioned: AINV, LZB, MARPS, MFA, MNRL, MTR, POWI, SBR, SHYF, SJT, TCPC, VNOM, XPER
Seeking Alpha - 4 months ago

Did coronavirus kill the office? Despite reporting near-perfect rent collection throughout the pandemic, office REITs continue to be under pressure as the “Work From Home” paradigm threatens t...

Other stocks mentioned: AAT, AHH, CIO, DEA, EQC, FSP, KRC, VNQ
Seeking Alpha - 4 months ago

Empire State Realty Has More Than 100% Return Potential

About ESRT

Empire State Realty Trust (NYSE: ESRT), a leading real estate investment trust (REIT), 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 ?World's Most Famous Building.? Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three ... [Read more...]

Industry
REIT-Diversified
IPO Date
Oct 2, 2013
CEO
Anthony Malkin
Employees
831
Stock Exchange
NYSE
Ticker Symbol
ESRT
Full Company Profile

Financial Performance

In 2019, ESRT's revenue was $731.34 million, a decrease of -0.02% compared to the previous year's $731.51 million. Earnings were $51.19 million, a decrease of -23.07%.

Financial Statements

Analyst Forecasts

According to 9 analysts, the average rating for ESRT stock is "Buy." The 12-month stock price forecast is 10.93, which is an increase of 16.03% from the latest price.

Price Target
$10.93
(16.03% upside)
Analyst Consensus: Buy