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Wednesday, February 1, 2023

Investing In Empire State Realty Trust Inc. (NYSE: ESRT): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Empire State Realty Trust Inc. (ESRT) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.53. The Empire State Realty Trust Inc. has recorded 34,598 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Empire State Realty Trust Announces Dates for Fourth Quarter 2022 Earnings Release and Conference Call.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Diversified industry segment. At the end of the last regular session, the stock closed at $7.53 and fluctuated between $7.55 as its day high and $7.21 as its day low. The current market capitalization of Empire State Realty Trust Inc. is $1.19B. A total of 0.96 million shares were traded on the day, compared to an average of 1.25M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ESRT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Empire State Realty Trust Inc. pays an annual dividend of $0.14, resulting in a dividend yield of 1.86%, and it has a price to earnings (P/E) ratio of 59.29. ESRT’s most recent ex-dividend date was 12/16/2022 when it declared a $0.0350 quarterly dividend that was paid in cash on 12/30/2022. Previously, the company paid the dividend on 9/30/2022 with an ex-dividend date of 9/14/2022. The ESRT stock dividend was $0.0350 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ESRT in the last 3 months, the mean price target is $7.65 with high estimates of $9.00 and low estimates of $5.00. In terms of 52-week highs and lows, ESRT has a high of $10.06 and a low of $6.24.

As of this writing, ESRT has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.06. The company reported an EPS of $0.18 in the last quarter, which was 350.00% higher than expectations of $0.04.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESRT is Overweight with a score of 3.00. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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