Equities research analysts expect Empire State Realty Trust Inc (NYSE:ESRT) to announce earnings per share of $0.22 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Empire State Realty Trust’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.21. Empire State Realty Trust posted earnings of $0.25 per share in the same quarter last year, which indicates a negative year over year growth rate of 12%. The firm is scheduled to report its next earnings results on Wednesday, February 20th.

On average, analysts expect that Empire State Realty Trust will report full year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.87 to $0.89. For the next year, analysts anticipate that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.86 to $0.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Empire State Realty Trust.

Empire State Realty Trust (NYSE:ESRT) last issued its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.14). Empire State Realty Trust had a return on equity of 4.48% and a net margin of 12.39%. The firm had revenue of $123.62 million during the quarter, compared to analysts’ expectations of $123.49 million. During the same period last year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis.

Several research analysts have recently weighed in on ESRT shares. Zacks Investment Research cut shares of Empire State Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, October 8th. ValuEngine raised shares of Empire State Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.00.

Shares of ESRT traded down $0.17 during mid-day trading on Monday, hitting $14.75. 15,485 shares of the company traded hands, compared to its average volume of 1,052,025. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.96. Empire State Realty Trust has a 1 year low of $13.66 and a 1 year high of $19.59. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 5.92 and a beta of 0.92.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 17th were issued a dividend of $0.105 per share. The ex-dividend date was Friday, December 14th. This represents a $0.42 dividend on an annualized basis and a yield of 2.85%. Empire State Realty Trust’s dividend payout ratio is currently 43.75%.

A number of hedge funds have recently made changes to their positions in the business. First Hawaiian Bank bought a new position in shares of Empire State Realty Trust in the fourth quarter worth approximately $102,000. Redpoint Investment Management Pty Ltd bought a new position in shares of Empire State Realty Trust in the third quarter worth approximately $169,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Empire State Realty Trust in the second quarter worth approximately $210,000. Advisors Asset Management Inc. boosted its position in shares of Empire State Realty Trust by 264.6% in the second quarter. Advisors Asset Management Inc. now owns 51,045 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 37,043 shares during the period. Finally, First Mercantile Trust Co. boosted its position in shares of Empire State Realty Trust by 49.3% in the third quarter. First Mercantile Trust Co. now owns 14,514 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 4,790 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

About Empire State Realty Trust

Empire State Realty Trust, Inc (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building.

Featured Story: Balanced Fund

Get a free copy of the Zacks research report on Empire State Realty Trust (ESRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Empire State Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire State Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.