Empire State Realty Trust Inc (NYSE:ESRT) has a beta value of 1.68 and has seen 1.0 million shares traded in the recent trading session. The company, currently valued at $1.44B, closed the recent trade at $8.52 per share which meant it gained $0.05 on the day or 0.65%% during that session. The ESRT stock price is -36.38% off its 52-week high price of $11.62 and 23.0% above the 52-week low of $6.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.92 million shares traded. The 3-month trading volume is 1.54 million shares.
The consensus among analysts is that Empire State Realty Trust Inc (ESRT) is Buy stock at the moment, with a recommendation rating of 2.57. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
Empire State Realty Trust Inc (NYSE:ESRT) trade information
Sporting 0.65%% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ESRT stock price touched $8.52 or saw a rise of 2.74%. Year-to-date, Empire State Realty Trust Inc shares have moved -6.93%, while the 5-day performance has seen it change -1.33%. Over the past 30 days, the shares of Empire State Realty Trust Inc (NYSE:ESRT) have changed 17.26%. Short interest in the company has seen 3.23 million shares shorted with days to cover at 2.33.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 14.8% from the levels at last check today.. The projected low price target is $10.0 while the price target rests at a high of $10.0. In that case, then, we find that the latest price level in today’s session is -17.37% off the targeted high while a plunge would see the stock gain -17.37% from the levels at last check today..
Empire State Realty Trust Inc (ESRT) estimates and forecasts
The company’s shares have lost -17.23% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -0.58%.
2 analysts offering their estimates for the company have set an average revenue estimate of 190.76M for the current quarter. 2 have an estimated revenue figure of 197.22M for the next ending quarter. Year-ago sales stood 189.54M and 199.6M respectively for this quarter and the next, and analysts expect sales will grow by 0.64% for the current quarter and -0.58% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 0.44% over the past 5 years.
ESRT Dividends
Empire State Realty Trust Inc is expected to release its next earnings report on 2025-Feb-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.14 at a share yield of 1.64%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.02%.
Empire State Realty Trust Inc (NYSE:ESRT)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 93.58% with a share float percentage of 93.66%. Investors are also buoyed by the number of investors in a company, with Empire State Realty Trust Inc having a total of 346.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 19.39 million shares worth more than $181.84 million. As of 2024-06-30, VANGUARD GROUP INC held 11.8007% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 16.14 million shares as of 2024-06-30. The firm’s total holdings are worth over $151.41 million and represent 9.8257% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD SPECIALIZED FUNDS-Vanguard Real Estate Index Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . As of Jan 31, 2025 , the former fund manager holds about 3.24% shares in the company for having 5.43 shares of worth $46.18 million while later fund manager owns 4.4 shares of worth $37.42 million as of Mar 31, 2025 , which makes it owner of about 2.62% of company’s outstanding stock.
