Empire State Realty Trust (NYSE:ESRT – Get Free Report) announced its quarterly earnings data on Monday. 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), Yahoo Finance reports. Empire State Realty Trust had a net margin of 5.89% and a return on equity of 2.57%. The business had revenue of $199.60 million during the quarter. During the same period last year, the company posted $0.25 EPS. Empire State Realty Trust updated its FY 2024 guidance to 0.920-0.940 EPS.
Empire State Realty Trust Trading Down 2.5 %
NYSE:ESRT traded down $0.28 during trading hours on Wednesday, hitting $10.90. 2,307,875 shares of the stock were exchanged, compared to its average volume of 1,129,148. The company’s 50 day moving average is $10.75 and its two-hundred day moving average is $10.02. The company has a market capitalization of $1.80 billion, a P/E ratio of 36.33 and a beta of 1.40. Empire State Realty Trust has a twelve month low of $7.34 and a twelve month high of $11.62. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.23.
Empire State Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, September 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.
Analysts Set New Price Targets
Read Our Latest Stock Analysis 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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