Empire State Realty Trust (ESRT) Earns Coverage Optimism Score of 0.27

News articles about Empire State Realty Trust (NYSE:ESRT) have trended positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Empire State Realty Trust earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.2084398616531 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Empire State Realty Trust (NYSE:ESRT) traded down $0.20 during trading hours on Wednesday, reaching $20.26. 819,021 shares of the company were exchanged, compared to its average volume of 860,206. Empire State Realty Trust has a 52 week low of $19.54 and a 52 week high of $21.98. The stock has a market capitalization of $3,270.00, a price-to-earnings ratio of 21.44, a PEG ratio of 5.29 and a beta of 0.98. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.80.

Empire State Realty Trust (NYSE:ESRT) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Empire State Realty Trust had a return on equity of 3.98% and a net margin of 11.90%. The business had revenue of $122.39 million during the quarter, compared to analysts’ expectations of $122.22 million. During the same period last year, the company earned $0.26 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. sell-side analysts predict that Empire State Realty Trust will post 0.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, December 14th. Empire State Realty Trust’s dividend payout ratio (DPR) is presently 105.00%.

A number of research firms have recently commented on ESRT. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Evercore ISI raised shares of Empire State Realty Trust from an “in” rating to a “line” rating and set a $23.00 price objective for the company in a research note on Monday, December 4th. TheStreet lowered shares of Empire State Realty Trust from a “b” rating to a “c+” rating in a research note on Thursday, November 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Empire State Realty Trust in a research note on Wednesday, November 1st. Finally, BidaskClub lowered shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Empire State Realty Trust has a consensus rating of “Hold” and a consensus target price of $22.50.

In related news, Chairman Anthony E. Malkin sold 1,243,163 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $20.45, for a total value of $25,422,683.35. Following the completion of the sale, the chairman now directly owns 156,416 shares of the company’s stock, valued at $3,198,707.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.80% of the stock is owned by corporate insiders.

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About Empire State Realty Trust

Empire State Realty Trust, Inc is a real estate investment trust. The Company 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 Company operates through two segments: Real Estate and Observatory.

Insider Buying and Selling by Quarter for Empire State Realty Trust (NYSE:ESRT)

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