Empire State Realty Trust (NYSE:ESRT) Releases FY 2026 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.770-0.800 for the period, compared to the consensus estimate of 0.770.

Wall Street Analysts Forecast Growth

ESRT has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. Wall Street Zen downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Evercore set a $5.00 price objective on Empire State Realty Trust in a report on Monday, September 21st. Citigroup decreased their target price on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company dropped 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 research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Empire State Realty Trust currently has an average rating of “Sell” and an average price target of $5.00.

Empire State Realty Trust Trading Up 0.7%

ESRT stock opened at $5.00 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.32 and a quick ratio of 1.32. The company has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $5.30. Empire State Realty Trust has a one year low of $3.93 and a one year high of $7.53. The stock has a market cap of $866.52 million, a price-to-earnings ratio of 71.51 and a beta of 1.40.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter. The firm had revenue of $193.05 million for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. Equities analysts anticipate that Empire State Realty Trust will post 0.77 EPS for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.0350 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.14 annualized dividend and a dividend yield of 2.8%. Empire State Realty Trust’s payout ratio is presently 200.00%.

About Empire State Realty Trust

Empire State Realty Trust, Inc is a self-managed real estate investment trust that owns, manages, operates, acquires and repositions office, retail and multifamily properties in New York City and the surrounding metropolitan area. Its portfolio is concentrated in Manhattan and includes properties serving businesses, residents, retailers and visitors.

The company’s landmark asset is the Empire State Building, which it operates as a mixed-use office, retail and tourist destination. Empire State Realty Trust also manages the building’s public observatories, offering visitors views of New York City, and provides leasing and property-management services across its portfolio.

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