Empire State Realty Trust (ESRT-N)
NYSE:ESRT
7.77
0.05
(0.64%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
Empire State Realty Trust (ESRT-N) primarily focuses on office buildings across New York City, supplemented by retail and some multi-family holdings. With a revenue breakdown of around 60% from office spaces and approximately 25% from the iconic Empire State Building Observatory, which was recently voted the #1 attraction in the world, the company enjoys a strong position in the Manhattan office market. The leasing volume is on the rise, benefiting from a bifurcated market where well-capitalized entities like ESRT are capturing tenants effectively. Currently, the stock is trading at a 28% discount to net asset value (NAV), highlighting its attractiveness, despite a relatively modest yield of 1.3%. Recognized as the top globally sustainable REIT, the stock has an analyst price target of $11.12, suggesting room for growth.
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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 2025-04-01, Empire State Realty Trust (ESRT-N) stock closed at a price of $7.77.
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%.