Empire State Realty Trust (NYSE:ESRT – Get Free Report) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.750-0.790 for the period, compared to the consensus earnings per share estimate of 0.000. The company issued revenue guidance of -.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on ESRT shares. Weiss Ratings lowered shares of Empire State Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Evercore set a $5.50 price objective on shares of Empire State Realty Trust in a research note on Thursday. Wells Fargo & Company cut their target price on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating on the stock in a research report on Monday, June 1st. Finally, Citigroup decreased their target price on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Sell” and an average price target of $5.75.
Read Our Latest Stock Analysis on ESRT
Empire State Realty Trust Trading Down 14.6%
Empire State Realty Trust (NYSE:ESRT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter. Empire State Realty Trust had a net margin of 5.09% and a return on equity of 2.19%. The firm had revenue of $165.17 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS.
Empire State Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Empire State Realty Trust’s payout ratio is presently 53.85%.
Hedge Funds Weigh In On Empire State Realty Trust
Large investors have recently modified their holdings of the business. DRW Securities LLC bought a new stake in shares of Empire State Realty Trust in the fourth quarter worth $69,000. Vise Technologies Inc. bought a new position in Empire State Realty Trust during the 4th quarter worth $71,000. Federation des caisses Desjardins du Quebec raised its position in Empire State Realty Trust by 29.1% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 11,180 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 2,523 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Empire State Realty Trust during the 2nd quarter worth about $74,000. Finally, Schroder Investment Management Group acquired a new position in Empire State Realty Trust during the 4th quarter worth about $91,000. Institutional investors own 67.10% of the company’s stock.
About Empire State Realty Trust
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.
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