Empire State Realty Trust (NYSE:ESRT – Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 0.920-0.940 for the period, compared to the consensus EPS estimate of 0.930. The company issued revenue guidance of -.
Empire State Realty Trust Stock Down 0.6 %
Shares of NYSE ESRT traded down $0.06 during mid-day trading on Thursday, reaching $10.84. The company had a trading volume of 47,917 shares, compared to its average volume of 1,123,869. The stock has a fifty day moving average of $10.76 and a two-hundred day moving average of $10.03. The company has a debt-to-equity ratio of 1.23, a quick ratio of 3.24 and a current ratio of 3.24. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 36.33 and a beta of 1.40. Empire State Realty Trust has a 12-month low of $7.34 and a 12-month high of $11.62.
Empire State Realty Trust (NYSE:ESRT – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The company had revenue of $199.60 million during the quarter. Empire State Realty Trust had a return on equity of 2.57% and a net margin of 5.89%. During the same period last year, the business earned $0.25 earnings per share. As a group, equities research analysts expect that Empire State Realty Trust will post 0.92 EPS for the current year.
Empire State Realty Trust Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Empire State Realty Trust from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Wells Fargo & Company lifted their price target on shares of Empire State Realty Trust from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, September 11th. Finally, StockNews.com lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 26th.
View Our Latest Research Report on ESRT
Empire State Realty Trust Company Profile
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.
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