Empire State Realty Trust (NYSE:ESRT) Raised to Hold at Wall Street Zen

Posted by Brian Himes on Nov 9th, 2026

Empire State Realty Trust (NYSE:ESRT – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. Evercore set a $5.00 target price on Empire State Realty Trust in a research note on Monday, September 21st. Wells Fargo & Company decreased their target price on 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. Weiss Ratings reissued a “sell (d)” rating on shares of Empire State Realty Trust in a research note on Wednesday. Finally, Citigroup dropped their price target on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus target price of $5.00.

Get Our Latest Stock Analysis on ESRT

Empire State Realty Trust Price Performance

NYSE:ESRT opened at $5.29 on Friday. Empire State Realty Trust has a 52 week low of $3.93 and a 52 week high of $7.53. 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 stock has a market capitalization of $916.72 million, a PE ratio of 132.41 and a beta of 1.41. The stock’s 50-day moving average price is $4.54 and its 200-day moving average price is $5.28.

Empire State Realty Trust (NYSE:ESRT – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter. The company had revenue of $193.05 million during the quarter. Empire State Realty Trust had a return on equity of 0.13% and a net margin of 0.30%. As a group, equities analysts expect that Empire State Realty Trust will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Empire State Realty Trust

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of Empire State Realty Trust by 14.4% during the third quarter. Russell Investments Group Ltd. now owns 87,994 shares of the real estate investment trust’s stock worth $355,000 after purchasing an additional 11,065 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in Empire State Realty Trust in the 3rd quarter valued at $125,000. Chicago Partners Investment Group LLC acquired a new position in Empire State Realty Trust in the 3rd quarter valued at $62,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Empire State Realty Trust by 12.8% in the 3rd 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 last quarter. Finally, Vise Technologies Inc. purchased a new position in Empire State Realty Trust in the 3rd quarter valued at $74,000. 67.10% of the stock is currently owned by institutional investors and hedge funds.

About Empire State Realty Trust

(Get Free Report)

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.