Empire State Realty Trust (NYSE:ESRT) Releases FY 2026 Earnings Guidance
by Jessica Moore · The Cerbat GemEmpire State Realty Trust (NYSE:ESRT – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.850-0.890 for the period, compared to the consensus estimate of 0.870. The company issued revenue guidance of -.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Evercore set a $7.00 target price on shares of Empire State Realty Trust in a research report on Wednesday, February 18th. Weiss Ratings lowered shares of Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Citigroup cut their price objective on shares of Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a report on Wednesday, April 15th. Finally, Wells Fargo & Company cut their price objective on shares of Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a report on Monday, March 2nd. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Sell” and an average price target of $6.35.
Check Out Our Latest Stock Report on Empire State Realty Trust
Empire State Realty Trust Stock Up 0.0%
ESRT stock traded up $0.00 during trading on Friday, hitting $5.57. 219,222 shares of the company’s stock traded hands, compared to its average volume of 1,589,116. The firm has a market capitalization of $953.98 million, a P/E ratio of 21.60 and a beta of 1.38. The business has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $6.35. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.22. Empire State Realty Trust has a 1 year low of $4.87 and a 1 year high of $8.76.
Empire State Realty Trust (NYSE:ESRT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $166.10 million for the quarter. Empire State Realty Trust had a net margin of 5.09% and a return on equity of 2.20%. Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. Sell-side analysts anticipate that Empire State Realty Trust will post 0.87 EPS for the current year.
Empire State Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, March 13th. Empire State Realty Trust’s dividend payout ratio (DPR) is 53.85%.
More Empire State Realty Trust News
Here are the key news stories impacting Empire State Realty Trust this week:
- Positive Sentiment: Q1 results showed stabilized operations: ESRT reported $0.20 EPS and $166.1M revenue; management provided FY2026 EPS guidance of $0.85–$0.89, roughly in line with consensus, signaling predictable cash‑flow expectations for the year. Read More.
- Positive Sentiment: Leasing momentum: ESRT signed a 60k‑sf office lease with Steve Madden at 501 Seventh Avenue — a tangible occupancy and cash‑rent pickup that supports revenue recovery in the NYC office portfolio. Read More.
- Positive Sentiment: Balance‑sheet actions and occupancy targets reduce near‑term risk: management is pushing debt maturities out to 2028 and targets 90%–92% year‑end occupancy for 2026, which should ease refinancing pressure and improve cash flow visibility if achieved. Read More.
- Neutral Sentiment: Company emphasizes a “strong balance sheet despite temporary headwinds” in its earnings commentary — useful context but dependent on execution against occupancy and leasing targets. Read More.
- Neutral Sentiment: Full earnings transcript and investor Q&A are available for deeper read — these contain management color on leasing assumptions, expense plans and Observatory performance that investors may parse for downside/upside. Read More.
- Neutral Sentiment: Brand and tourism events (95th anniversary of the Empire State Building) support the Observatory/retail business but have limited impact on office fundamentals. Read More.
- Negative Sentiment: Profitability and valuation remain concerns: Q1 net margin and ROE are low, and commentary/analyses highlight mixed valuation metrics (trailing vs. forward P/E dispersion), keeping investor appetite cautious while macro and office demand remain uncertain. Read More.
- Negative Sentiment: Analyst/market skepticism persists in some write‑ups (bull case summaries vs. cautious takes), which can amplify downward pressure if new leasing or occupancy data fall short of targets. Read More.
Institutional Investors Weigh In On Empire State Realty Trust
Institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of Empire State Realty Trust by 2.4% during the fourth quarter. Invesco Ltd. now owns 449,186 shares of the real estate investment trust’s stock worth $2,929,000 after acquiring an additional 10,601 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Empire State Realty Trust by 9.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 88,949 shares of the real estate investment trust’s stock valued at $580,000 after purchasing an additional 7,315 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Empire State Realty Trust in the 4th quarter valued at approximately $1,483,000. SummitTX Capital L.P. boosted its stake in Empire State Realty Trust by 32.0% in the 4th quarter. SummitTX Capital L.P. now owns 1,288,197 shares of the real estate investment trust’s stock worth $8,399,000 after purchasing an additional 312,143 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Empire State Realty Trust by 21.8% in the 4th quarter. Inspire Investing LLC now owns 71,737 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 12,829 shares in the last quarter. 67.10% of the stock is currently owned by institutional investors and hedge funds.
Empire State Realty Trust Company Profile
Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.
Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.