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

Empire State Realty Trust (NYSE:ESRT) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Empire State Realty Trust to post earnings of $0.19 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Empire State Realty Trust Trading Up 1.9 %

Shares of NYSE:ESRT opened at $9.32 on Tuesday. The company has a 50 day moving average of $9.71 and a 200-day moving average of $9.34. The company has a current ratio of 7.04, a quick ratio of 7.04 and a debt-to-equity ratio of 1.29. The firm has a market cap of $1.53 billion, a P/E ratio of 30.07, a P/E/G ratio of 3.32 and a beta of 1.30. Empire State Realty Trust has a twelve month low of $5.43 and a twelve month high of $10.32.

Empire State Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.035 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.50%. Empire State Realty Trust’s payout ratio is currently 45.16%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.33.

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.