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

Empire State Realty Trust, Inc. (NYSE:ESRT) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.69 and last traded at $4.7160, with a volume of 168318 shares traded. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

ESRT has been the subject of several analyst reports. Evercore set a $5.50 price target on Empire State Realty Trust in a report on Thursday, July 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday. Citigroup decreased their target price on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Wells Fargo & Company decreased 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 research report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Sell” and an average target price of $5.50.

Empire State Realty Trust Price Performance

The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.94 and a current ratio of 1.94. The business’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $5.58. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 66.51 and a beta of 1.36.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share for the quarter. Empire State Realty Trust had a net margin of 0.93% and a return on equity of 0.40%. The business had revenue of $196.90 million for the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. Research analysts predict that Empire State Realty Trust, Inc. will post 0.77 EPS for the current fiscal year.

Empire State Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Empire State Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi raised its holdings in Empire State Realty Trust by 2.0% in 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of Empire State Realty Trust by 35.9% in the 1st quarter. AQR Capital Management LLC now owns 26,800 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 7,079 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Empire State Realty Trust by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,552 shares of the real estate investment trust’s stock worth $638,000 after purchasing an additional 4,535 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Empire State Realty Trust by 137.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after purchasing an additional 1,798,850 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Empire State Realty Trust by 9.5% in the first 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 worth $8,869,000 after purchasing an additional 98,148 shares in the last quarter. 67.10% of the stock is currently owned by hedge funds and other institutional investors.

About Empire State Realty Trust

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.