Empire State Realty Trust (NYSE:ESRT) Sets New 52-Week Low – Should You Sell?

Empire State Realty Trust, Inc. (NYSE:ESRT)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.11 and last traded at $5.14, with a volume of 60471 shares. The stock had previously closed at $5.19.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ESRT shares. Evercore set a $7.00 price target on Empire State Realty Trust in a report on Wednesday, February 18th. Wells Fargo & Company reduced their price objective on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings downgraded shares of Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Finally, Citigroup lowered their target price on shares of Empire State Realty Trust from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $7.58.

Empire State Realty Trust Stock Up 0.7%

The company has a debt-to-equity ratio of 1.22, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s fifty day simple moving average is $6.13 and its 200-day simple moving average is $6.84. The stock has a market cap of $877.33 million, a P/E ratio of 19.83 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last posted its earnings results on Tuesday, February 17th. The real estate investment trust reported $0.12 EPS for the quarter. The company had revenue of $199.22 million during the quarter. Empire State Realty Trust had a return on equity of 2.59% and a net margin of 6.06%.Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, research analysts anticipate that Empire State Realty Trust, Inc. will post 0.88 earnings per share for the current year.

Empire State Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, March 13th. Empire State Realty Trust’s dividend payout ratio is presently 53.85%.

Institutional Investors Weigh In On Empire State Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. Amundi boosted its holdings in shares of Empire State Realty Trust by 2.0% during the first quarter. Amundi now owns 78,614 shares of the real estate investment trust’s stock valued at $585,000 after acquiring an additional 1,562 shares during the period. AQR Capital Management LLC grew its position in shares of Empire State Realty Trust by 35.9% during the first quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 7,079 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Empire State Realty Trust by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust’s stock worth $638,000 after acquiring an additional 4,535 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Empire State Realty Trust by 137.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after acquiring an additional 1,798,850 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Empire State Realty Trust by 9.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,134,086 shares of the real estate investment trust’s stock valued at $8,869,000 after purchasing an additional 98,148 shares during 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.