Empire State Realty Trust (ESRT) Scheduled to Post Quarterly Earnings on Monday

Empire State Realty Trust (NYSE:ESRT) is set to announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Empire State Realty Trust has set its FY 2024 guidance at 0.900-0.940 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.14). The company had revenue of $189.54 million for the quarter. Empire State Realty Trust had a return on equity of 2.57% and a net margin of 5.89%. During the same period last year, the firm earned $0.26 earnings per share.

Empire State Realty Trust Stock Performance

NYSE ESRT opened at $11.03 on Monday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $1.82 billion, a P/E ratio of 36.77 and a beta of 1.40. Empire State Realty Trust has a 12-month low of $7.34 and a 12-month high of $11.43. The firm has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $9.95.

Empire State Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, September 16th. Empire State Realty Trust’s payout ratio is presently 46.67%.

Analyst Ratings Changes

ESRT has been the subject of several research reports. BMO Capital Markets increased their target price on Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. StockNews.com downgraded Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. Finally, Wells Fargo & Company increased their price target on Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th.

About Empire State Realty Trust

Empire State Realty Trust, Inc (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT’s flagship Empire State Building – the “World’s Most Famous Building” – includes its Observatory, Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years.