Empire State Realty Trust (NYSE:ESRT) Sets New 1-Year Low – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT) shares reached a new 52-week low on Friday . The company traded as low as $4.61 and last traded at $4.61, with a volume of 324367 shares changing hands. The stock had previously closed at $4.64.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ESRT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a report on Friday, August 7th. Wall Street Zen cut Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Evercore set a $5.50 target price on Empire State Realty Trust in a research note on Thursday, July 30th. Citigroup dropped their price target on shares of Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company cut their price target on shares of Empire State Realty Trust from $6.30 to $6.00 and set an “underweight” rating for the company in a report on Monday, June 1st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Empire State Realty Trust has an average rating of “Sell” and an average price target of $5.50.

Empire State Realty Trust Stock Down 0.4%

The business’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.42. The firm has a market capitalization of $799.86 million, a PE ratio of 66.01 and a beta of 1.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.32 and a current ratio of 1.32.

Empire State Realty Trust (NYSE:ESRT) last posted 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 0.93% and a return on equity of 0.40%. The firm had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. As a group, equities research analysts forecast that Empire State Realty Trust, Inc. will post 0.77 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is currently 200.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ESRT. Corient Private Wealth LP purchased a new stake in shares of Empire State Realty Trust during the second quarter worth approximately $110,000. California State Teachers Retirement System raised its holdings in shares of Empire State Realty Trust by 588.2% in the 2nd quarter. California State Teachers Retirement System now owns 886,245 shares of the real estate investment trust’s stock valued at $4,795,000 after purchasing an additional 757,473 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Empire State Realty Trust during the 2nd quarter worth $902,000. Bank of America Corp DE lifted its position in shares of Empire State Realty Trust by 64.5% during the 1st quarter. Bank of America Corp DE now owns 239,604 shares of the real estate investment trust’s stock worth $1,246,000 after purchasing an additional 93,989 shares during the last quarter. Finally, Amundi grew its stake in shares of Empire State Realty Trust by 27.5% during the first quarter. Amundi now owns 124,698 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 26,886 shares in the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Company Profile

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.