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Tuesday, September 26, 2023

Is Empire State Realty Trust Inc. (NYSE: ESRT) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 $8.82. The Empire State Realty Trust Inc. has recorded 21,949 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Indoor Environmental Quality Maintained Throughout Summer’s Wildfires.

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Stocks Info

Empire State Realty Trust Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Diversified industry. At the end of the last regular session, the stock closed at $8.82 and fluctuated between $8.92 as its day high and $8.72 as its day low. The current market capitalization of Empire State Realty Trust Inc. is $1.43B. A total of 0.59 million shares were traded on the day, compared to an average of 1.40M shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Empire State Realty Trust Inc. pays an annual dividend of $0.14, resulting in a dividend yield of 1.59%, and it has a price to earnings (P/E) ratio of 37.53. ESRT’s most recent ex-dividend date was 9/14/2023 when it declared a $0.0350 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/14/2023. The ESRT stock dividend was $0.0350 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ESRT in the last 3 months, the mean price target is $9.00 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, ESRT has a high of $9.08 and a low of $5.39.

As of this writing, ESRT has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ESRT’s latest balance sheet shows that the firm has $423.69M in Cash & Short Term Investments as of fiscal 2021. There were $2.34B in debt and $205.17M in liabilities at the time. Its Book Value Per Share was $6.04, while its Total Shareholder’s Equity was $1.68B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.80.

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