Empire State Realty Trust, Inc. (NYSE:ESRT):
Empire State Realty Trust Signs More than 83,000 Sq. Ft. in Ten Transactions across Greater New York Metro Portfolio.
The company is so far trading up by 1.48 percent from yesterday’s close.
Additionally the company declared a dividend for shareholders paid on Thursday June 30th, 2016. The dividend was $0.105 per share for the quarter which is $0.42 annualized. The dividend yield was $1.95. The ex-dividend date was Thursday the 15th of September 2016.
It is trading at $21.66 slightly over $21.07, the stock’s 50 day moving average and a tad above the 200 day moving average of $19.45. The 50 day moving average went up by +2.79% and the 200 day average moved up $2.21.
The P/E ratio is 68.76 and the market cap of the company is 2.69B. As of the latest earnings report the EPS was $0.31 and is projected to be $0.95 for the current year with 124,075,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.24 with next year’s EPS projected to be $1.01.
Several brokerages have issued ratings on the stock recently. On August 25, 2016 BTIG Research starting coverage on the stock by announcing an initial rating of “Buy” and price target of $24.00. On March 28 analysts at Cowen & Company started covering the stock setting a rating of “Outperform” and a price target of $20.00.
February 24 investment analysts at Stifel Nicolaus maintained a company rating of “Buy” but lowered the price target from $20.00 to $18.00. BMO Capital starting coverage on ESRT with a rating of “Outperform” and projecting a price target of $21.00.
On January 14 Stifel Nicolaus left the company rating at “Buy” but moved up the price target to $20.00 from $18.00. On November 14 the company was upgraded from “Hold” to “Buy” and a price target of $18.00 was set in a statement from Stifel Nicolaus.