Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low – What’s Next?

Empire State Realty Trust, Inc. (NYSE:ESRT) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $4.84 and last traded at $4.8650, with a volume of 58235 shares trading hands. The stock had previously closed at $4.93.

Wall Street Analyst Weigh In

ESRT has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a report on Monday, June 1st. Evercore set a $5.50 price target on shares of Empire State Realty Trust in a research note on Thursday. Citigroup lowered 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 report on Wednesday, April 15th. Finally, Weiss Ratings lowered shares of Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Sell” and a consensus target price of $5.75.

Empire State Realty Trust Price Performance

The firm has a fifty day moving average of $5.46 and a two-hundred day moving average of $5.65. The stock has a market capitalization of $847.49 million, a P/E ratio of 70.22 and a beta of 1.36. 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 (NYSE:ESRT) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $165.17 million for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%.Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. On average, analysts predict that Empire State Realty Trust, Inc. will post 0.77 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 200.00%.

Institutional Trading of Empire State Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Empire State Realty Trust in the 2nd quarter valued at $74,000. DRW Securities LLC purchased a new position in Empire State Realty Trust in the fourth quarter valued at about $69,000. Vise Technologies Inc. bought a new position in Empire State Realty Trust in the fourth quarter worth about $71,000. Royal Bank of Canada lifted its position in shares of Empire State Realty Trust by 86.1% during the first quarter. Royal Bank of Canada now owns 11,078 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 5,124 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its position in shares of Empire State Realty Trust by 29.1% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 2,523 shares during the last quarter. Institutional investors own 67.10% of the company’s stock.

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.