Empire State Realty Trust (ESRT) Receives Media Sentiment Rating of 0.22

Media headlines about Empire State Realty Trust (NYSE:ESRT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.4423785541272 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Empire State Realty Trust (NYSE ESRT) opened at $19.25 on Thursday. The firm has a market cap of $3,110.00, a price-to-earnings ratio of 48.13, a P/E/G ratio of 4.71 and a beta of 0.98. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.80. Empire State Realty Trust has a 1-year low of $19.18 and a 1-year high of $21.98.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $122.39 million during the quarter, compared to the consensus estimate of $122.22 million. Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. analysts expect that Empire State Realty Trust will post 0.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, December 14th. Empire State Realty Trust’s dividend payout ratio is currently 105.00%.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. TheStreet upgraded Empire State Realty Trust from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. BidaskClub lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BMO Capital Markets restated a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. Finally, Evercore ISI upgraded Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective for the company in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Empire State Realty Trust has an average rating of “Hold” and an average price target of $22.50.

In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $20.45, for a total value of $25,422,683.35. Following the completion of the transaction, the chairman now owns 156,416 shares of the company’s stock, valued at approximately $3,198,707.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.80% of the company’s stock.

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Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a real estate investment trust. The Company owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building. The Company operates through two segments: Real Estate and Observatory.

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