Empire State Realty Trust (NYSE:ESRT) Reaches New 12-Month Low – Time to Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.34 and last traded at $4.3350, with a volume of 391750 shares trading hands. The stock had previously closed at $4.40.

Analysts Set New Price Targets

Several research firms recently commented on ESRT. Wells Fargo & Company decreased their target price on Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, September 1st. Wall Street Zen lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Empire State Realty Trust in a report on Friday, August 7th. Evercore set a $5.50 price objective on shares of Empire State Realty Trust in a research report on Thursday, July 30th. Finally, Citigroup dropped their target price on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Sell” and an average price target of $5.17.

Empire State Realty Trust Price Performance

The business has a 50 day simple moving average of $5.08 and a 200-day simple moving average of $5.31. The stock has a market cap of $747.06 million, a P/E ratio of 61.65 and a beta of 1.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.32 and a current ratio of 1.32.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.The company had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. On average, sell-side analysts forecast that Empire State Realty Trust, Inc. will post 0.77 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.035 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.14 annualized dividend and a dividend yield of 3.2%. Empire State Realty Trust’s dividend payout ratio is currently 200.00%.

Institutional Investors Weigh In On Empire State Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi lifted its holdings in shares of Empire State Realty Trust by 2.0% during the 1st quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 1,562 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Empire State Realty Trust by 35.9% in the first quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 7,079 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Empire State Realty Trust by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust’s stock worth $638,000 after purchasing an additional 4,535 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Empire State Realty Trust by 137.7% during 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 buying an additional 1,798,850 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Empire State Realty Trust by 9.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock worth $8,869,000 after purchasing an additional 98,148 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

Empire State Realty Trust Company Profile

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.