Empire State Realty Trust (NYSE:ESRT) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.14), Fidelity Earnings reports. Empire State Realty Trust had a net margin of 8.81% and a return on equity of 3.26%. The firm had revenue of $150.23 million for the quarter, compared to analyst estimates of $125.22 million. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was up 21.5% compared to the same quarter last year.
Shares of NYSE ESRT traded up $0.13 during midday trading on Thursday, reaching $14.55. 85,418 shares of the company traded hands, compared to its average volume of 745,023. Empire State Realty Trust has a 52 week low of $12.77 and a 52 week high of $16.47. The stock has a 50-day moving average price of $14.06 and a 200 day moving average price of $14.67. The company has a debt-to-equity ratio of 1.00, a current ratio of 6.10 and a quick ratio of 6.10. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 6.45 and a beta of 0.73.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, September 13th. Empire State Realty Trust’s dividend payout ratio is currently 42.86%.
Empire State Realty Trust Company Profile
Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building.
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