Empire State Realty Trust (NYSE:ESRT) Updates FY 2025 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.860-0.890 for the period, compared to the consensus estimate of 0.930. The company issued revenue guidance of -.

Empire State Realty Trust Stock Performance

Shares of ESRT stock traded down $0.04 during trading hours on Wednesday, hitting $9.01. 1,058,829 shares of the company were exchanged, compared to its average volume of 1,117,641. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 33.35 and a beta of 1.40. Empire State Realty Trust has a 52-week low of $8.78 and a 52-week high of $11.62. The firm has a fifty day simple moving average of $9.90 and a 200 day simple moving average of $10.45.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.19. Empire State Realty Trust had a return on equity of 2.73% and a net margin of 6.22%. Research analysts predict that Empire State Realty Trust will post 0.93 earnings per share for the current fiscal year.

Empire State Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, December 16th. Empire State Realty Trust’s dividend payout ratio is presently 51.85%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ESRT shares. StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their target price on shares of Empire State Realty Trust from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, November 15th.

Insiders Place Their Bets

In other Empire State Realty Trust news, EVP Thomas P. Durels sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $10.10, for a total value of $101,000.00. Following the sale, the executive vice president now owns 86,807 shares of the company’s stock, valued at $876,750.70. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.01% of the company’s stock.

About Empire State Realty Trust

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT’s flagship Empire State Building – the “World’s Most Famous Building” – includes its Observatory, Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.