Empire State Realty Trust Azioni (NYSE: ESRT)

Empire State Realty Trust (NYSE:ESRT) Azioni

Empire State Realty Trust

Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.

Empire State Realty Trust, Inc. Class A Common Stock

Empire State Realty Trust Inc

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) affirms FY2025 FFO guidance from $0.86-$0.89 to $0.86-$0.89 vs $0.88 analyst estimate..

News

Guidance

ESRT

Empire State Realty Trust Affirms FY2025 FFO Guidance of $0.86-$0.89 vs $0.88 Est

Earnings

Earnings Misses

Empire State Realty Trust Q1 FFO $0.19, Inline, Sales $154.54M Miss $182.26M Estimate

ACGL

AEYE

AMSF

APAM

ARCB

ARCC

ASTE

ASTL

ATRC

BBIO

BBVA

BGFV

BKNG

BRSP

CECO

CHCT

CLVT

CSGP

CVLT

DHIL

ENSG

ENVA

ETWO

EXLS

FELE

FFIC

FIBK

FICO

FOUR

FRSH

FRST

FSLR

FYBR

HLMN

HOUS

HRZN

HSBC

HURN

ILPT

INCY

INTZ

JAKK

JBGS

JBLU

KNSA

LFUS

LGIH

Laboratory Corporation Of America Holdings

LOGI

LXFR

Earnings Scheduled For April 29, 2025

Thomas Durels, EVP at Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>), disclosed an insider sell on March 25, according to a recent SEC filing.
What Happened: After conducting a thorough analysis, Durels sold 17,622 shares of Empire State Realty Trust. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001541401/000158745525000008//Archives/edgar/data/1541401/000158745525000008/0001587455-25-000008-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday. The total transaction value is $141,386.
During Wednesday's morning session, Empire State Realty Trust shares down by 0.0%, currently priced at $7.95.
<h3>About Empire State Realty Trust</h3>
Empire State Realty Trust operates as a pure-play greater New York and Manhattan-focused REIT, featuring its landmark Empire State Building office and observation deck. The company owns and operates around 8.5 million square feet of office space, about 80% of which is located in Manhattan.
<h3>Empire State Realty Trust's Economic Impact: An Analysis</h3>
Revenue Growth: Empire State Realty Trust's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 2.45%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 53.73%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Empire State Realty Trust's EPS reflects a decline, falling below the industry average with a current EPS of 0.07.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 2.41, Empire State Realty Trust faces challenges in effectively managing its debt levels, indicating potential financial strain.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 28.39 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 2.79 is lower than the industry average, implying a discounted valuation for Empire State Realty Trust's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Empire State Realty Trust's EV/EBITDA ratio at 9.09 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Relevance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001541401">Check Out The Full List Of Empire State Realty Trust's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Insider Transaction: Thomas Durels Sells $141K Worth Of Empire State Realty Trust Shares

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) is looking for FY2025 FFO of $0.86-$0.89 vs $0.92 analyst estimate..

Empire State Realty Trust Sees FY2025 FFO $0.86-$0.89 vs $0.92 Est

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.22 by 9.09 percent. This is a 4 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $155.13 million which missed the analyst consensus estimate of $192.61 million by 19.46 percent. This is a 2.62 percent increase over sales of $151.17 million the same period last year.

Earnings Beats

Empire State Realty Trust Q4 FFO $0.24 Beats $0.22 Estimate, Sales $155.13M Miss $192.61M Estimate

ACVA

AMPL

ANSS

APPN

BLCO

BMRN

BORR

CAKE

CCAP

CCSI

CHDN

CMTG

CVNA

CWAN

ENLT

ENVX

ETSY

EXAS

FOLD

First Trust Advantage Preferred Income Fund

FVRR

GLBE

GRAB

GRMN

ICLR

IIPR

IMAX

INSG

IONS

KALU

KPTI

KRYS

KVYO

LAND

LILA

LILAK

LOPE

LUNG

MANU

MATV

MGRC

MTRN

NDSN

NRDS

NYMT

OBDC

PAAS

PERI

PNST

PRAA

Earnings Scheduled For February 19, 2025

BMO Capital analyst John Kim maintains Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) with a Outperform and raises the price target from $12 to $13.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Empire State Realty Trust, Raises Price Target to $13

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) raises FY2024 FFO guidance from $0.90-0.94 to $0.92-0.94 vs $0.93 analyst estimate..

Empire State Realty Trust Raises FY2024 Core FFO Guidance from $0.90-0.94 to $0.92-0.94 vs $0.93 Est.

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.24 by 8.33 percent. The company reported quarterly sales of $153.117 million which missed the analyst consensus estimate of $193.695 million by 20.95 percent. This is a 1.10 percent increase over sales of $151.458 million the same period last year.

Empire State Realty Trust Q3 2024 FFO $0.26 Beats $0.24 Estimate, Sales $153.117M Miss $193.695M Estimate

Empire State Realty Trust Reveals Four New Tenants To Its Retail Portfolio And Plans To Open New Ticketing Center At The Empire State Building Observatory

Wells Fargo analyst Blaine Heck maintains Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) with a Underweight and raises the price target from $7 to $10.

Wells Fargo Maintains Underweight on Empire State Realty Trust, Raises Price Target to $10

Empire State Realty Trust Reaffirms 2024 Core FFO Guidance Of Core $0.90 - $0.94, Est $0.92

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) reported quarterly earnings of $0.24 per share which met the analyst consensus estimate. This is a 7.69 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $152.470 million which missed the analyst consensus estimate of $189.402 million by 19.50 percent. This is a 1.38 percent decrease over sales of $154.603 million the same period last year.

Empire State Realty Trust Q2 2024 GAAP EPS $0.24, Inline, Sales $152.470M Miss $189.402M Estimate

BMO Capital analyst John Kim maintains Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) with a Outperform and raises the price target from $11 to $12.

BMO Capital Maintains Outperform on Empire State Realty Trust, Raises Price Target to $12

Reported Earlier, Empire State Building Teams Up With WhatsApp And Mercedes-AMG For Spectacular F1 Show And More

Empire State Realty Trust Sees FY24 Core FFO $0.90-$0.94 Vs $0.92 Est.

Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.19 by 10.53 percent. This is a 31.25 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $153.882 million which missed the analyst consensus estimate of $174.385 million by 11.76 percent. This is a 9.84 percent increase over sales of $140.091 million the same period last year.

Empire State Realty Trust Q1 2024 FFO $0.21 Beats $0.19 Estimate, Sales $153.882M Miss $174.385M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.esrtreit.com&amp;esheet=53899605&amp;newsitemid=20240221089922&amp;lan=en-US&amp;anchor=Empire+State+Realty+Trust%2C+Inc.&amp;index=1&amp;md5=eb43ca18db4493a496e36f9092753be2">Empire State Realty Trust, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) announced today that it signed a new 11-year office lease with Sol de Janeiro USA – a luxury skincare and beauty brand – for 57,203 square feet at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.esrtreit.com%2Fproperties%2Foffice%2Fone-grand-central-place1%2F&amp;esheet=53899605&amp;newsitemid=20240221089922&amp;lan=en-US&amp;anchor=One+Grand+Central+Place&amp;index=2&amp;md5=a1a08a7d68afa214881e21beb016b2f2">One Grand Central Place</a>. Sol de Janeiro is a subsidiary of French beauty brand L'Occitane, who recently signed a separate 9,497 square foot expansion and lease term extension on their existing 20,962 square foot space at ESRT's <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.esrtreit.com%2Fproperties%2Foffice%2F111-west-33rd-street1%2F&amp;esheet=53899605&amp;newsitemid=20240221089922&amp;lan=en-US&amp;anchor=111+W.+33rd+Street&amp;index=3&amp;md5=6d13ec685e8decea31c08cdd9fad9d7e">111 W. 33rd Street</a>.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240221089922/en/">https://www.businesswire.com/news/home/20240221089922/en/</a>
One Grand Central Place offers 55 stories of modernized, amenitized office space near New York City's top dining, lodging, and entertainment, as well as convenient in-building access to Grand Central Terminal's commuter trains, five subway lines, and Grand Central Madison access to LIRR.
"Sol de Janeiro is a fantastic addition to One Grand Central Place's stellar tenant roster," said Thomas P. Durels, executive vice president, real estate at Empire State Realty Trust. "Our partnership together will deliver them a fantastic, custom installation where Sol will enjoy top-tier amenities and convenient access to transportation."
Brent Ozarowski of Newmark represented Sol de Janeiro USA in the lease negotiations. Jordan Berger of ESRT and Scott Klau, William Cohen, Erik Harris, and Neil Rubin of Newmark represented the property owner.
More information about One Grand Central Place, and current office availability, can be found <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.esrtreit.com%2Fproperties%2Foffice%2Fone-grand-central-place1%2F&amp;esheet=53899605&amp;newsitemid=20240221089922&amp;lan=en-US&amp;anchor=online&amp;index=4&amp;md5=184d093ae099a68720dbdb5b363590f1">online</a>.

Contracts

Empire State Realty Trust Announced Today That It Signed A New 11-Year Office Lease With Sol De Janeiro USA

Empire State Realty Trust Sees FY24 Core FFO $0.90-$0.94 Vs $0.89 Est.

Press Releases

Empire State Realty Trust Announces Fourth Quarter and Full Year 2024 Results

Empire State Realty Trust to Present at Citi's 30th Annual Global Property CEO Conference

Empire State Realty Trust Announces Dividend for First Quarter 2025

Empire State Realty Trust Announces Dates for First Quarter 2025 Earnings Release and Conference Call

Empire State Realty Trust Achieves WELL Health-Safety Leadership Award for Second Consecutive Year

Gerson Lehrman Group, Inc. Signs 77,382 Square Foot Renewal Lease at One Grand Central Place

Workday, Inc. Signs 39k Square Foot Renewal and Expansion Lease at the Empire State Building

Carolina Herrera, Ltd. Signs Renewal and Expansion Lease with Empire State Realty Trust for 34K Square Feet at 501 Seventh Avenue

Empire State Realty Trust Publishes 2024 Sustainability Report with Major Achievements, Targets, and Metrics

Comments

Empire State Realty Trust

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO