Empire State Realty Trust Inc (NYSE: ESRT): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Burlington Stores, Inc. Expands by 67,865 Square Feet to Occupy a Total of 170,763 Square Feet at 1400 Broadway.

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Stocks Info

ESRT belongs to the Real Estate sector of the NYSE while operating in the REIT – Diversified industry. The current market capitalization of Empire State Realty Trust Inc is $1.60B. A total of 1.09 million shares were traded on the day, compared to an average of 0.85 shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Empire State Realty Trust Inc pays an annual dividend of $0.14 (1.42%), resulting in a dividend yield of 0.12 (1.26%), and it has a price to earnings (P/E) ratio of 30.36. ESRT’s most recent ex-dividend date was 12/15/2023 when it declared a $0.0350 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The ESRT stock dividend was $0.0350 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ESRT in the last 3 months, the mean price target is $9.80 with high estimates of $11.00 and low estimates of $7.00. In terms of 52-week highs and lows, ESRT has a high of $10.32 and a low of $5.38.

As of this writing, ESRT has an earnings estimate of $Essential Properties Realty Tru per share for the current quarter. EPS was calculated based on a consensus of Assertio Holdings, Inc. estimates, with a high estimate of $iShares Core U.S. REIT ETF per share and a lower estimate of $Empire State Realty Trust, Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $179.86M in liabilities at the time. Its Book Value Per Share was $6.08, while its Total Shareholder’s Equity was $1.68B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.33.

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