Empire State Realty Trust (NYSE:ESRT – Get Free Report) posted its earnings results on Monday. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16), Yahoo Finance reports. The business had revenue of $199.60 million for the quarter. Empire State Realty Trust had a return on equity of 2.57% and a net margin of 5.89%. During the same quarter last year, the firm earned $0.25 earnings per share. Empire State Realty Trust updated its FY 2024 guidance to 0.920-0.940 EPS.
Empire State Realty Trust Stock Performance
ESRT stock traded up $0.24 during trading on Tuesday, reaching $11.45. 116,622 shares of the stock were exchanged, compared to its average volume of 1,117,124. Empire State Realty Trust has a twelve month low of $7.34 and a twelve month high of $11.62. The company has a market capitalization of $1.89 billion, a P/E ratio of 38.17 and a beta of 1.40. The stock has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $10.01. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.23.
Empire State Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Monday, September 16th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 46.67%.
Wall Street Analyst Weigh In
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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.
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