Empire State Realty Trust (NYSE:ESRT) Hits New 52-Week Low – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $5.11 and last traded at $5.14, with a volume of 60471 shares trading hands. The stock had previously closed at $5.19.

Analyst Ratings Changes

ESRT has been the subject of several recent analyst reports. Evercore set a $7.00 price objective on shares of Empire State Realty Trust in a research report on Wednesday, February 18th. Citigroup dropped their target price on Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company cut their price target on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Finally, Weiss Ratings cut Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $7.58.

Empire State Realty Trust Stock Performance

The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22. The stock has a market cap of $870.52 million, a price-to-earnings ratio of 19.67 and a beta of 1.36. The stock’s 50 day moving average is $6.18 and its two-hundred day moving average is $6.86.

Empire State Realty Trust (NYSE:ESRT) last posted its quarterly earnings data on Tuesday, February 17th. The real estate investment trust reported $0.12 EPS for the quarter. Empire State Realty Trust had a net margin of 6.06% and a return on equity of 2.59%. The company had revenue of $199.22 million for the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. Analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, March 13th. Empire State Realty Trust’s payout ratio is 53.85%.

Institutional Trading of Empire State Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Empire State Realty Trust in the third quarter valued at approximately $29,000. Simplex Trading LLC lifted its holdings in shares of Empire State Realty Trust by 869.5% during the second quarter. Simplex Trading LLC now owns 8,260 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 7,408 shares during the period. Raymond James Financial Inc. purchased a new position in Empire State Realty Trust in the 2nd quarter valued at $74,000. Abacus Wealth Partners LLC purchased a new position in Empire State Realty Trust in the 3rd quarter valued at $77,000. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Empire State Realty Trust in the 2nd quarter valued at $85,000. 67.10% of the stock is owned by institutional investors and hedge funds.

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.