Empire State Realty Trust, Inc. (ESRT)

NYSE: ESRT · IEX Real-Time Price · USD
7.95
+0.23 (2.98%)
Aug 8, 2022 4:00 PM EDT - Market closed
2.98%
Market Cap 2.25B
Revenue (ttm) 687.44M
Net Income (ttm) 8.13M
Shares Out 282.57M
EPS (ttm) 0.05
PE Ratio 159.00
Forward PE 156.25
Dividend $0.14 (1.76%)
Ex-Dividend Date Jun 14, 2022
Volume 1,121,369
Open 7.83
Previous Close 7.72
Day's Range 7.81 - 8.12
52-Week Range 6.53 - 11.07
Beta 1.09
Analysts Hold
Price Target 9.39 (+18.1%)
Earnings Date Jul 27, 2022

About ESRT

Empire State Realty Trust, Inc. (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, ... [Read more...]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date Oct 2, 2013
CEO Anthony Malkin
Employees 693
Stock Exchange NYSE
Ticker Symbol ESRT
Full Company Profile

Financial Performance

In 2021, ESRT's revenue was $624.09 million, an increase of 2.44% compared to the previous year's $609.23 million. Losses were -$6.51 million, -47.98% less than in 2020.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for ESRT stock is "Hold." The 12-month stock price forecast is 9.39, which is an increase of 18.11% from the latest price.

Price Target
$9.39
(18.11% upside)
Analyst Consensus: Hold
Stock Forecasts

News

These 3 Dividend Stocks Are Buying Back Shares Hand Over Fist

REITs don't usually buy back shares, but these three are.

Other symbols: EQCWY

Franklin Templeton, Inc. Renews with Empire State Realty Trust for 79k Square Feet at 100 First Stamford Place

STAMFORD, Conn. , Aug. 3, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced that Franklin Templeton , a global investment management organization, renewed its lease for 79,059 ...

CLA Nearly Triples Office Space with ESRT at One Grand Central Place

NEW YORK , Aug. 2, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc.  (NYSE: ESRT) announced today that CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, expanded...

Allied Universal® Expands By 22,000 Square Feet with Empire State Realty Trust at 501 Seventh Avenue

NEW YORK , Aug. 1, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Allied Universal® expanded and relocated from a 12,000 square foot space at ESRT's One Grand Cen...

Burlington Stores, Inc. Expands by 34,591 Square Feet to Occupy a Total of 102,898 Square Feet at 1400 Broadway

NEW YORK, July 28, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that Burlington Stores, Inc. signed a full-floor expansion lease for an additional 34,591 square feet...

Empire State Realty Trust Announces Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company") is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metrop...

Empire State Building Announces New Tenant Amenities and Leasing Agent

NEW YORK , July 19, 2022 /PRNewswire/ -- Empire State Building (ESB) today announced plans for a modern, tenant-only amenity space to be completed within the next year to include a town hall meeting spa...

iCapital's Fourth Expansion with ESRT Adds 60k Square Feet to Space at One Grand Central Place

Since its first 17,573 square foot space signed in 2017, iCapital has grown by 123,651 square feet  NEW YORK , July 18, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc.  (NYSE: ESRT) announced today...

2 Companies I'm Watching Very Closely This Earnings Season

There are two stocks in this Fool's portfolio that have big unanswered questions.

Other symbols: LTCH

The 2022 Empire State Building Run-Up to Return on Oct. 6, 2022 Presented by Turkish Airlines and Powered by the Chal...

Registration for the Landmark Race Up the Empire State Building Stairs Opens July 11 at Noon NEW YORK , July 11, 2022 /PRNewswire/ -- The Empire State Building (ESB) today announced that the 2022 Empire...

Empire State Realty Trust Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, toda...

ESRT vs. EGP: Which Stock Is the Better Value Option?

ESRT vs. EGP: Which Stock Is the Better Value Option?

Other symbols: EGP

Is Empire State Realty Trust (ESRT) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Empire State Realty Trust Named as a 2022 Platinum Green Lease Leader by the Department of Energy's Better Buildings ...

ESRT is one of a select few to receive the Platinum recognition, the highest distinction and a new award tier implemented in 2022 NEW YORK , June 16, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc....

ESRT vs. EGP: Which Stock Should Value Investors Buy Now?

ESRT vs. EGP: Which Stock Is the Better Value Option?

Other symbols: EGP

Empire State Realty Trust To Present At The Nareit REITweek 2022 Investor Conference

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, toda...

Is Empire State Realty Trust (ESRT) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

ESRT or GTY: Which Is the Better Value Stock Right Now?

ESRT vs. GTY: Which Stock Is the Better Value Option?

Other symbols: GTY

Empire State Building Partners with "Stranger Things" on Dynamic Light Show and Special Experiences for Fans at the O...

Cast visit; Dynamic Light Show; 86th Floor Life-size Demogorgon Photo-Op NEW YORK, May 26, 2022 /PRNewswire/ -- The Empire State Building  (ESB) commenced a two-month engagement to share a special "Stra...

EMPIRE STATE REALTY TRUST SIGNS SESAC MUSIC GROUP AT 250 WEST 57TH STREET

NEW YORK , May 20, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced a new lease with SESAC MUSIC GROUP, a leading music rights management and content company, for the full 24t...

Empire State Realty Trust Announces Dividend for Second Quarter 2022

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, toda...

Empire State Building Improves Sustainability and Eliminates Potential Water Damage With WINT

AI-powered technology solution helps Empire State Realty Trust, owners of the landmark New York City skyscraper, reduce its water and carbon footprint and eliminate potential water damage NEW YORK , May...

EMPIRE STATE REALTY TRUST SIGNS THREE NEW DEALS THAT TOTAL NEARLY 20K SQUARE FEET AT 1359 BROADWAY

NEW YORK , May 5, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today three new leases with Calzedonia, BMR Energy, and Converge Technology Solutions at 1359 Broadway. The ...

EMPIRE STATE REALTY TRUST RELEASES 2021 SUSTAINABILITY REPORT WITH MAJOR ACHIEVEMENTS, UPDATED GOALS, AND DE&I METRICS

Shares aggressive carbon neutrality goals and initiatives, and industry leading "Empire Building Playbook: An Owner's Guide to Low Carbon Retrofits" NEW YORK , April 29, 2022 /PRNewswire/ -- Empire Stat...

Empire State Realty Trust Announces First Quarter 2022 Results and Provides 2022 Guidance

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company"), a NYC-focused REIT with office, retail and multifamily properties and the Empire State Building Observatory, toda...