Empire State Realty Trust (NYSE:ESRT) Stock Price Breaks Below 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Empire State Realty Trust, Inc. (NYSE:ESRT – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.08 and traded as low as $4.57. Empire State Realty Trust shares last traded at $4.6110, with a volume of 5,687,351 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on ESRT. Wells Fargo & Company lowered their target price on shares of Empire State Realty Trust from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Tuesday, September 1st. Evercore set a $5.00 price target on Empire State Realty Trust in a research note on Monday, September 21st. Wall Street Zen lowered Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Citigroup decreased their price objective on Empire State Realty Trust from $5.75 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Empire State Realty Trust in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $5.00.

Get Our Latest Report on ESRT

Empire State Realty Trust Stock Performance

The company has a market cap of $807.65 million, a price-to-earnings ratio of 66.65 and a beta of 1.40. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $4.46 and its 200 day moving average price is $5.08.

Empire State Realty Trust (NYSE:ESRT – Get Free Report) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter. Empire State Realty Trust had a return on equity of 0.40% and a net margin of 0.93%. The company had revenue of $196.90 million during the quarter. Empire State Realty Trust has set its FY 2026 guidance at 0.750-0.790 EPS. On average, analysts expect that Empire State Realty Trust, Inc. will post 0.77 EPS for the current fiscal year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.0350 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 15th. Empire State Realty Trust’s dividend payout ratio (DPR) is 200.00%.

Institutional Trading of Empire State Realty Trust

Several institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Empire State Realty Trust by 380.9% in the 3rd quarter. Versant Capital Management Inc now owns 9,205 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 7,291 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Empire State Realty Trust by 92.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,083 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 10,590 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Empire State Realty Trust during the 2nd quarter worth about $105,000. Engineers Gate Manager LP acquired a new stake in Empire State Realty Trust during the 2nd quarter worth approximately $447,000. Finally, Squarepoint Ops LLC increased its position in Empire State Realty Trust by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 136,077 shares of the real estate investment trust’s stock worth $736,000 after purchasing an additional 41,191 shares in the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

About Empire State Realty Trust

(Get Free Report)

Empire State Realty Trust, Inc is a self-managed real estate investment trust that owns, manages and operates office, retail and multifamily properties in the greater New York metropolitan area. The company’s portfolio is concentrated in Manhattan and includes prominent commercial properties serving businesses across a range of industries.

The company is best known for owning the Empire State Building, one of New York City’s most recognizable landmarks. In addition to office and retail leasing, Empire State Realty Trust operates the Empire State Building Observatory, which provides visitors with observation experiences, exhibits and related services.

Empire State Realty Trust was established in 2011 and became a publicly traded company in 2013.

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