Empire State Realty Trust (ESRT-N)
NYSE:ESRT
7.36
0.02
(0.27%) 1d
Financials
Technical Analysis
Related posts
Nervous markets await Nvidia
This summary was created by AI, based on 1 opinions in the last 12 months.
Empire State Realty Trust (ESRT) primarily engages in owning and managing office buildings throughout New York City, alongside some retail and multi-family properties. Notably, their revenue is primarily driven by their office sector, contributing 60%, while retail and multi-family account for 10-20%. A significant contributor to the net operating income is the observation deck at the Empire State Building, which has recently been recognized as the top attraction globally. The company is well-capitalized and is experiencing increasing leasing volumes, positioning itself favorably in a Manhattan market characterized by stark contrasts in capitalization among businesses. Currently, the stock is trading at a 28% discount to its net asset value (NAV) and boasts a yield of 1.3%, with analysts suggesting a price target of $11.12.
- «
- ‹
- 1
- ›
- »
Empire State Realty Trust(ESRT-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Empire State Realty Trust(ESRT-N) Frequently Asked Questions
What is Empire State Realty Trust stock symbol?
Empire State Realty Trust is a American stock, trading under the symbol ESRT-N on the New York Stock Exchange (ESRT). It is usually referred to as NYSE:ESRT or ESRT-N
Is Empire State Realty Trust a buy or a sell?
In the last year, there was no coverage of Empire State Realty Trust published on Stockchase.
Is Empire State Realty Trust a good investment or a top pick?
Empire State Realty Trust was recommended as a Top Pick by on . Read the latest stock experts ratings for Empire State Realty Trust.
Why is Empire State Realty Trust stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Empire State Realty Trust worth watching?
In the last year, there was no coverage of Empire State Realty Trust published on Stockchase.
What is Empire State Realty Trust stock price?
On 2025-05-07, Empire State Realty Trust (ESRT-N) stock closed at a price of $7.36.
Primarily office buildings across New York City, as well as retail and a bit of multi-family. Revenue: office (60%), retail/multi-family (10-20%), and Empire State Building Observatory (~25% net operating income). The iconic Observatory recently voted #1 attraction in the world.
(Analysts’ price target is $11.12)Likes the Manhattan office market, seeing increasing leasing volume. It's a market of haves (lots of capital) and have nots (not well capitalized). ESRT is well capitalized. Attracting tenants with value. 28% discount to NAV. Listed as the #1 globally sustainable REIT. Yield is 1.3%.