Empire State Realty Trust, Inc. (ESRT)

Empire State Realty Trust Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Empire State Realty Trust stock have an average target of 11.5, with a low estimate of 10 and a high estimate of 13. The average target predicts an increase of 64.05% from the current stock price of 7.01.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$10	$11.5	$13	$13
Change	+42.65%	+64.05%	+85.45%	+85.45%

* Price targets were last updated on Nov 15, 2024.

Analyst Ratings

The average analyst rating for Empire State Realty Trust stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	1	1	1
Hold	1	1	1	1	1	0
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Kim BMO Capital	BMO Capital	Buy Maintains $12 → $13	Buy	Maintains	$12 → $13	+85.45%	Nov 15, 2024
Blaine Heck Wells Fargo	Wells Fargo	Sell Maintains $7 → $10	Sell	Maintains	$7 → $10	+42.65%	Sep 11, 2024
John Kim BMO Capital	BMO Capital	Buy Maintains $11 → $12	Buy	Maintains	$11 → $12	+71.18%	Jul 19, 2024
Steve Sakwa Evercore ISI Group	Evercore ISI Group	Buy → Hold Downgrades $9	Buy → Hold	Downgrades	$9	+28.39%	Nov 27, 2023
Blaine Heck Wells Fargo	Wells Fargo	Sell Maintains $6 → $7	Sell	Maintains	$6 → $7	-0.14%	Aug 30, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

795.00M

Increased by 4.17%

from 763.15M

Revenue Next Year

818.63M

Increased by 2.97%

from 795.00M

EPS This Year

0.09

Decreased by -67.57%

from 0.28

EPS Next Year

0.08

Decreased by -11.11%

from 0.09

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	599.81M	607.86M	707.01M	739.57M	763.15M	795.00M	818.63M	655.28M
Revenue Growth	-17.49%	1.34%	16.31%	4.61%	3.19%	4.17%	2.97%	-19.95%
EPS	-0.10	-0.06	0.22	0.30	0.28	0.09	0.08	0.07
EPS Growth	-	-	-	37.44%	-6.17%	-67.57%	-11.11%	-12.50%
Forward PE	-	-	-	-	-	76.36	85.91	98.18
No. Analysts	-	-	-	-	-	3	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	826.4M	861.6M	847.9M
Avg	795.0M	818.6M	655.3M
Low	749.6M	776.7M	309.7M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	8.3%	8.4%	3.6%
Avg	4.2%	3.0%	-20.0%
Low	-1.8%	-2.3%	-62.2%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	0.09	0.08	0.07
Avg	0.09	0.08	0.07
Low	0.09	0.08	0.07

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-66.6%	-8.5%	-9.9%
Avg	-67.6%	-11.1%	-12.5%
Low	-68.8%	-14.6%	-15.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.