Empire State Realty Trust, Inc. (NYSE:ESRT) Declares $0.04 Quarterly Dividend

Empire State Realty Trust, Inc. (NYSE:ESRT) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.035 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 15th.

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

Empire State Realty Trust Price Performance

ESRT opened at $4.91 on Thursday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.22. The firm has a market cap of $845.77 million, a price-to-earnings ratio of 70.08 and a beta of 1.36. The stock’s 50-day moving average price is $5.43 and its 200 day moving average price is $5.63. Empire State Realty Trust has a 12-month low of $4.78 and a 12-month high of $8.07.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. The company 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. As a group, sell-side analysts expect that Empire State Realty Trust will post 0.77 earnings per share for the current year.

Analyst Ratings Changes

ESRT has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of 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 Empire State Realty Trust in a research note on Thursday, July 30th. Citigroup decreased their price target on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Weiss Ratings cut Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Sell” and an average target price of $5.50.

About Empire State Realty Trust

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.