Empire State Realty Trust
ESRT

$10.25

2.57%

Market Cap: $1.7B

About: Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.

Employees: 666

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

648% more call options, than puts

Call options by funds: $299K | Put options by funds: $40K

43% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 21

26% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 62

4% more funds holding

Funds holding: 201 [Q1] → 210 (+9) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.54% less ownership

Funds ownership: 69.23% [Q1] → 68.69% (-0.54%) [Q2]

8% less capital invested

Capital invested by funds: $1.14B [Q1] → $1.06B (-$86.6M) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$12

17%

upside

Avg. target

$12

17%

upside

High target

$12

17%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

BMO Capital

John Kim

67% 1-year accuracy

12 / 18 met price target

17%upside

$12

Outperform

Maintained

19 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about ESRT published over the past 30 days

Zacks Investment Research

ESRT vs. NHI: Which Stock Should Value Investors Buy Now?

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Empire State Realty Trust (ESRT) and National Health Investors (NHI). But which of these two stocks offers value investors a better bang for their buck right now?

ESRT vs. NHI: Which Stock Should Value Investors Buy Now?

The Motley Fool

2 Under-the-Radar Stocks That Bargain-Hunting Investors Need to Know About

There are some great investment opportunities if you're willing to look beyond the household names.

2 Under-the-Radar Stocks That Bargain-Hunting Investors Need to Know About

Zacks Investment Research

ESRT or CUBE: Which Is the Better Value Stock Right Now?

Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Empire State Realty Trust (ESRT) and CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now?

ESRT or CUBE: Which Is the Better Value Stock Right Now?

Empire State Realty Trust Receives Expected Notice From NYSE Related to Delayed Filing of Quarterly Report on Form 10-Q

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (“ESRT”) and Empire State Realty OP, L.P. (“ESROP” and together with ESRT, the “Issuers”), today announced that, as previously disclosed in the Notification of Late Filing on Form 12b-25 filed by each Issuer with the Securities and Exchange Commission (“SEC”) on August 12, 2024, each Issuer has determined that it is unable to file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024 (the “Form 10-Q”).

Empire State Realty Trust Receives Expected Notice From NYSE Related to Delayed Filing of Quarterly Report on Form 10-Q

Zacks Investment Research

Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios

We have screened bargain stocks MHO, NHYDY, GBX, HPE and ESRT based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios

Empire State Realty Trust Announces Dividend for Third Quarter 2024

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2024, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership unit.

Empire State Realty Trust Announces Dividend for Third Quarter 2024

Zacks Investment Research

ESRT or CUBE: Which Is the Better Value Stock Right Now?

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Empire State Realty Trust (ESRT) and CubeSmart (CUBE). But which of these two stocks presents investors with the better value opportunity right now?

ESRT or CUBE: Which Is the Better Value Stock Right Now?

ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it signed two new, full-floor office leases with the William Carter Company (Carter's) and Equativ for a total of 49,095 square feet at 1350 Broadway. Carter's – a children's apparel company – signed a new lease for a 24,592 square foot space across a full floor, and ad tech company Equativ signed on for a full-floor, 24,503 square foot space. "We are pleased to announce our move to a new and enhanced l.

ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway

Empire State Realty Trust, Inc. (ESRT) Q2 2024 Earnings Call Transcript

Empire State Realty Trust, Inc. (NYSE:ESRT ) Q2 2024 Results Conference Call July 25, 2024 12:00 PM ET Company Participants Heather Houston - Senior Vice President, Chief Counsel, Corporate & Secretary Tony Malkin - Chairman & Chief Executive Officer Tom Durels - Executive Vice President, Real Estate Steve Horn - Executive Vice President, Chief Financial Officer & Chief Accounting Officer Christina Chiu - President Conference Call Participants Steve Sakwa - Evercore John Kim - BMO Capital Markets Michael Griffin - Citi Blaine Heck - Wells Fargo Camille Bonnel - Bank of America Dylan Burzinski - Green Street Operator Greetings, and welcome to the Empire State Realty Trust Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Empire State Realty Trust, Inc. (ESRT) Q2 2024 Earnings Call Transcript

Empire State Realty Trust Announces Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--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. ESRT's flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year– in Tripadvisor's 2024 Travelers' Choice Awards: Best of the Be.

Empire State Realty Trust Announces Second Quarter 2024 Results

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