Empire State Realty Trust (ESRT) Earning Positive Press Coverage, Analysis Shows

Media stories about Empire State Realty Trust (NYSE:ESRT) have trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 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 news sentiment score of 0.28 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.5843152445471 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Empire State Realty Trust (NYSE:ESRT) traded down $0.05 during midday trading on Thursday, hitting $16.79. 613,716 shares of the stock were exchanged, compared to its average volume of 1,265,450. The firm has a market cap of $2,703.69, a P/E ratio of 43.05, a P/E/G ratio of 5.08 and a beta of 0.98. Empire State Realty Trust has a 1 year low of $16.26 and a 1 year high of $21.72. The company has a quick ratio of 6.65, a current ratio of 6.65 and a debt-to-equity ratio of 0.85.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $183.10 million for the quarter, compared to the consensus estimate of $123.85 million. Empire State Realty Trust had a net margin of 11.72% and a return on equity of 3.95%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 EPS. sell-side analysts expect that Empire State Realty Trust will post 0.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a $0.105 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.50%. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 107.70%.

Several equities research analysts recently issued reports on the stock. Wells Fargo decreased their price target on shares of Empire State Realty Trust from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday, March 23rd. Zacks Investment Research lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. Stifel Nicolaus lowered shares of Empire State Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, February 26th. BMO Capital Markets set a $20.00 target price on shares of Empire State Realty Trust and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 target price on the stock in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Empire State Realty Trust has an average rating of “Hold” and a consensus target price of $20.67.

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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.

Insider Buying and Selling by Quarter for Empire State Realty Trust (NYSE:ESRT)

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