Empire State Realty Trust (NYSE:ESRT) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.10 and traded as low as $4.47. Empire State Realty Trust shares last traded at $4.6150, with a volume of 3,722,516 shares changing hands.

Wall Street Analysts Forecast Growth

ESRT has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on shares of Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Tuesday, September 1st. Evercore set a $5.00 price objective on shares of Empire State Realty Trust in a research report on Monday, September 21st. Citigroup reduced their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Wall Street Zen cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. One 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, the stock presently has a consensus rating of “Sell” and an average target price of $5.00.

Empire State Realty Trust Stock Up 0.8%

The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $798.99 million, a price-to-earnings ratio of 65.94 and a beta of 1.40. The stock has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $5.10.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) EPS for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. The business had revenue of $196.90 million during the quarter. 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, Inc. will post 0.77 EPS for the current year.

Empire State Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.0350 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.14 dividend on an annualized basis and a yield of 3.0%. Empire State Realty Trust’s payout ratio is currently 200.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ESRT. Royal Bank of Canada raised its position in shares of Empire State Realty Trust by 86.1% in 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 in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Empire State Realty Trust by 9.5% in the first quarter. Resona Asset Management Co. Ltd. now owns 62,921 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 5,443 shares during the period. Versant Capital Management Inc boosted its stake in shares of Empire State Realty Trust by 380.9% in the third quarter. Versant Capital Management Inc now owns 9,205 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 7,291 shares during the period. Sequoia Financial Advisors LLC grew its position in Empire State Realty Trust by 92.1% during the second quarter. Sequoia Financial Advisors LLC now owns 22,083 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 10,590 shares in the last quarter. Finally, Hanover Advisors Inc. acquired a new stake in Empire State Realty Trust during the first quarter worth approximately $84,000. Institutional investors and hedge funds own 67.10% of the company’s stock.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a self-managed real estate investment trust that owns, manages and operates office, retail and multifamily properties in the greater New York metropolitan area. The company’s portfolio is concentrated in Manhattan and includes prominent commercial properties serving businesses across a range of industries.

The company is best known for owning the Empire State Building, one of New York City’s most recognizable landmarks. In addition to office and retail leasing, Empire State Realty Trust operates the Empire State Building Observatory, which provides visitors with observation experiences, exhibits and related services.

Empire State Realty Trust was established in 2011 and became a publicly traded company in 2013.