Empire State Realty Trust (NYSE:ESRT) Issues FY 2024 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.900-0.940 for the period, compared to the consensus EPS estimate of 0.920. The company issued revenue guidance of -.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Empire State Realty Trust from a sell rating to a hold rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $8.33.

Empire State Realty Trust Price Performance

NYSE:ESRT traded up $0.09 during trading hours on Friday, reaching $9.21. 890,784 shares of the company were exchanged, compared to its average volume of 1,117,152. The company has a current ratio of 7.04, a quick ratio of 7.04 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average is $9.68 and its 200-day moving average is $9.35. The firm has a market cap of $1.51 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 3.44 and a beta of 1.30. Empire State Realty Trust has a twelve month low of $5.43 and a twelve month high of $10.32.

Empire State Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 14th. Empire State Realty Trust’s dividend payout ratio is presently 46.67%.

Empire State Realty Trust Company Profile

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.