Empire State Realty Trust (NYSE:ESRT) Announces Quarterly Earnings Results

Empire State Realty Trust (NYSE:ESRT) issued its quarterly earnings results on Wednesday. The real estate investment trust reported $0.21 EPS for the quarter, Zacks reports. Empire State Realty Trust had a net margin of 5.09% and a return on equity of 2.19%. Empire State Realty Trust updated its FY 2026 guidance to 0.750-0.790 EPS.

Empire State Realty Trust Trading Up 2.5%

NYSE ESRT traded up $0.14 on Wednesday, hitting $5.80. 1,717,539 shares of the company were exchanged, compared to its average volume of 1,782,984. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.94 and a quick ratio of 1.94. Empire State Realty Trust has a twelve month low of $4.87 and a twelve month high of $8.07. The firm has a market capitalization of $1.00 billion, a P/E ratio of 22.32 and a beta of 1.35. The company’s 50 day moving average price is $5.49 and its 200-day moving average price is $5.69.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, June 15th. Empire State Realty Trust’s payout ratio is presently 53.85%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ESRT. Weiss Ratings cut shares of Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wells Fargo & Company cut their target price on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a research note on Monday, June 1st. Citigroup reduced their target price on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Finally, Evercore set a $6.00 price target on shares of Empire State Realty Trust in a research report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Empire State Realty Trust currently has a consensus rating of “Sell” and an average target price of $5.92.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Empire State Realty Trust by 10.7% during the third quarter. Ameriprise Financial Inc. now owns 11,934,145 shares of the real estate investment trust’s stock valued at $91,318,000 after acquiring an additional 1,153,446 shares during the period. Resolution Capital Ltd acquired a new position in Empire State Realty Trust in the 2nd quarter worth approximately $43,706,000. Geode Capital Management LLC grew its position in Empire State Realty Trust by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,624,982 shares of the real estate investment trust’s stock worth $23,639,000 after purchasing an additional 59,899 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Empire State Realty Trust by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,183,041 shares of the real estate investment trust’s stock valued at $20,753,000 after purchasing an additional 64,544 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Empire State Realty Trust by 137.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock valued at $24,284,000 after purchasing an additional 1,798,850 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

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.