Empire State Realty Trust (NYSE:ESRT) Releases Quarterly Earnings Results

Empire State Realty Trust (NYSE:ESRT) announced its quarterly earnings results on Monday. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, reports. The firm had revenue of $193.05 million for the quarter. Empire State Realty Trust had a net margin of 0.30% and a return on equity of 0.13%.

Empire State Realty Trust Stock Performance

Empire State Realty Trust stock traded up $0.23 during trading hours on Wednesday, hitting $5.29. 1,000,182 shares of the stock traded hands, compared to its average volume of 2,447,609. Empire State Realty Trust has a 1 year low of $3.93 and a 1 year high of $7.53. The firm’s 50 day moving average price is $4.50 and its 200-day moving average price is $5.29. 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 stock has a market capitalization of $914.99 million, a price-to-earnings ratio of 132.16 and a beta of 1.41.

Institutional Investors Weigh In On Empire State Realty Trust

A number of hedge funds have recently bought and sold shares of ESRT. Lasalle Investment Management Securities LLC raised its stake in Empire State Realty Trust by 64.0% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 9,058,860 shares of the real estate investment trust’s stock valued at $47,106,000 after acquiring an additional 3,534,376 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Empire State Realty Trust by 12.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,787,585 shares of the real estate investment trust’s stock valued at $31,384,000 after purchasing an additional 881,649 shares during the period. SummitTX Capital L.P. increased its holdings in shares of Empire State Realty Trust by 11.3% in the first quarter. SummitTX Capital L.P. now owns 1,434,267 shares of the real estate investment trust’s stock valued at $7,458,000 after purchasing an additional 146,070 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Empire State Realty Trust by 32.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,358,330 shares of the real estate investment trust’s stock worth $7,063,000 after purchasing an additional 332,810 shares during the period. Finally, Bessemer Group Inc. grew its position in Empire State Realty Trust by 56.1% in the 1st quarter. Bessemer Group Inc. now owns 712,061 shares of the real estate investment trust’s stock valued at $3,703,000 after buying an additional 255,804 shares during the last quarter. Institutional investors and hedge funds own 67.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ESRT shares. Wall Street Zen downgraded shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Citigroup dropped their price objective on 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. Evercore set a $5.00 target price on Empire State Realty Trust in a research note on Monday, September 21st. Wells Fargo & Company cut their price objective on shares of Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Tuesday, September 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Sell” and an average price target of $5.00.

More Empire State Realty Trust News

Here are the key news stories impacting Empire State Realty Trust this week:

• Positive Sentiment: ESRT raised its full-year 2026 outlook: its reported EPS guidance is $0.77–$0.80 per share, compared with analyst consensus of $0.77. Coverage also reported an increase to FFO guidance, offering support despite softer tourism. Article: Empire State Realty Trust Q3 Earnings Lift FFO Guidance As Tourism Slows
• Positive Sentiment: Office leasing activity showed momentum. Architecture firm Corgan expanded its Empire State Building space to 41,000 square feet, while Octaura signed a 28,914-square-foot lease at 111 W. 33rd Street. These commitments support occupancy and rental income. Article: Architecture Firm Corgan Expands to 41K SF at Empire State Building Article: Empire State Realty Trust Signs Octaura for 28,914 Square Feet
• Positive Sentiment: The company received a top GRESB sustainability rating and the highest management score among ranked companies in the Americas for a second consecutive year. This may bolster ESRT’s reputation with tenants and investors, though it is less immediate than earnings or leasing news. Article: ESRT Achieves Highest GRESB Management Score
• Negative Sentiment: Third-quarter core FFO and revenue declined, and observation-deck visits remained low as tourism slowed. That weakness could weigh on earnings from both the office portfolio and the company’s visitor attractions. Article: Empire State Realty Trust Q3 Core FFO, Revenue Decline Article: ESRT Posts Strong Q3 Office Activity, but Empire State Building Visits Remain Low

Empire State Realty Trust Company Profile

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.