Empire State Realty Trust (ESRT) Expected to Announce Quarterly Earnings on Wednesday

Empire State Realty Trust (NYSE:ESRT) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $192.62 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Empire State Realty Trust Stock Down 0.7 %

ESRT opened at $9.35 on Wednesday. The company has a market cap of $1.56 billion, a P/E ratio of 34.63 and a beta of 1.40. Empire State Realty Trust has a 12 month low of $8.78 and a 12 month high of $11.62. The business’s 50-day moving average price is $10.05 and its 200-day moving average price is $10.49. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 1.23.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.035 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.50%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 51.85%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Empire State Realty Trust

In related news, EVP Thomas P. Durels sold 10,000 shares of Empire State Realty Trust 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 in the company, valued at $876,750.70. The trade was a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.95% of the stock is currently owned by corporate insiders.

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.