Empire State Realty Trust, Inc. (ESRT)
| 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 |
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...
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...
2020 was a terrible year for some REITs, and Ryman, Kimco, and Empire State were right in the line of fire.
The traditional 60/40 portfolio is challenged. Inflation risks could manifest.
The New York commercial office market is substantially challenged with current vacancy rates approaching 14 percent.
Here are three REITs that could thrive in a post-pandemic world.
Several tech heavyweights have relocated. Here's how to play it with real estate.
This stock has performed very well recently, but could still have more room to the upside.
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...
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....
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...
We Are Selling A Few REITs
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...
Here are two stocks that could have tremendous upside in a post-pandemic world.
Why have office REITs done so well since vaccine data was announced, and is there still room to grow?
Some of the most beaten-down stocks of 2020 have rallied sharply on vaccine news. Will the momentum continue?
Real estate investment trusts have been some of the biggest winners of COVID-19 vaccine news, but some could have much more upside ahead.
Do these stocks belong on your watch list?
Shares of the New York City focused REIT took off thanks to vaccine developments, but there's still a long road ahead.
Empire State owns an iconic property. That's part of its allure and part of its problem.
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...
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...
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...
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...
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...
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 beaten-down REIT is having an excellent day to end a turbulent week.
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...
Some of our favorite banks and real estate stocks are having their best rallies in years.
Here's how this office REIT's business is doing, and what investors should keep an eye on.
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...
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...
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...
We just got positive vaccine data. Here's why it's making these stocks soar.
Why Front Yard Residential Stock Rocketed 53% in October, but Empire State Realty and CoreCivic Fell
These REITs show that you can't paint an entire industry with a single brush.
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.
The outcome of the presidential election will have an impact on taxes and regulation. This will cause some REITs to perform better than others.
Empire State Realty Trust, Inc. (ESRT) CEO Anthony Malkin on Q3 2020 Results - Earnings Call Transcript
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...
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...
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...
Empire State Realty Trust Announces Date for Third Quarter 2020 Earnings Release and Conference Call
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, ...
It may seem like a bad idea to invest in retail and office REITs in the midst of a pandemic.
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...
Wall Street isn't giving these stocks much love, but I think they could have very bright futures.
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...
Dividends By The Numbers In August 2020
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...
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 |
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%.
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.