Empire State Realty Trust (ESRT) Scheduled to Post Quarterly Earnings on Monday

Empire State Realty Trust (NYSE:ESRT) is set to announce its earnings results after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Empire State Realty Trust has set its FY 2024 guidance at 0.900-0.940 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Empire State Realty Trust (NYSE:ESRT) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.14). Empire State Realty Trust had a return on equity of 2.57% and a net margin of 5.89%. The business had revenue of $189.54 million for the quarter. During the same quarter in the previous year, the firm earned $0.26 EPS.

Empire State Realty Trust Stock Down 0.2 %

Shares of NYSE:ESRT opened at $11.41 on Friday. Empire State Realty Trust has a 12 month low of $7.34 and a 12 month high of $11.62. The firm has a market cap of $1.88 billion, a P/E ratio of 38.02 and a beta of 1.40. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.23. The company’s 50-day moving average price is $10.69 and its two-hundred day moving average price is $9.98.

Empire State Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.035 per share. The ex-dividend date was Monday, September 16th. This represents a $0.14 dividend on an annualized basis and a yield of 1.23%. Empire State Realty Trust’s payout ratio is presently 46.67%.

Wall Street Analysts Forecast Growth

ESRT has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 11th. StockNews.com cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets raised their price objective on Empire State Realty Trust from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th.

About Empire State Realty Trust

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.