Empire State Realty Trust, Inc. (ESRT) To Go Ex-Dividend on June 15th

Empire State Realty Trust, Inc. (NYSE:ESRT) declared a quarterly dividend on Friday, May 15th. Investors of record on Monday, June 15th will be paid a dividend of 0.035 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th.

Empire State Realty Trust has decreased its dividend payment by an average of 0.1%annually over the last three years.

Empire State Realty Trust Price Performance

NYSE:ESRT traded up $0.05 during mid-day trading on Friday, hitting $5.45. 1,885,725 shares of the stock traded hands, compared to its average volume of 2,263,312. The business’s 50-day moving average price is $5.49 and its 200 day moving average price is $5.98. The company has a market cap of $938.88 million, a PE ratio of 20.94 and a beta of 1.35. Empire State Realty Trust has a 12-month low of $4.87 and a 12-month high of $8.76. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 1.22.

Analyst Ratings Changes

Several brokerages recently commented 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. Evercore set a $6.00 price objective on shares of Empire State Realty Trust in a research note on Monday. Wells Fargo & Company reduced their price objective 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. Finally, Citigroup reduced their price objective on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating for the company in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus price target of $5.92.

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.