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How to buy Empire State Realty Trust stock
Own Empire State Realty Trust stock in just a few minutes.
Empire State Realty Trust, Inc is a reit-diversified business based in the US. Empire State Realty Trust shares (ESRT) are listed on the NYSE and all prices are listed in US Dollars. Empire State Realty Trust employs 755 staff and has a trailing 12-month revenue of around USD$599.8 million.
How to buy shares in Empire State Realty Trust
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Empire State Realty Trust. Find the stock by name or ticker symbol: ESRT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Empire State Realty Trust reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Empire State Realty Trust, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Empire State Realty Trust. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
- ESRT shares summary
- Compare share dealing platforms
- Is ESRT stock a buy or sell?
- Stock performance over time
- Can I short ESRT shares?
- Are ESRT shares over-valued?
- Empire State Realty Trust's financials
- How volatile are ESRT shares?
- Does Empire State Realty Trust pay a dividend?
- Other common questions
Empire State Realty Trust share price
Use our graph to track the performance of ESRT stocks over time.Empire State Realty Trust shares at a glance
Information last updated 2021-03-03.
| 52-week range | USD$5.19 - USD$12.1 |
|---|---|
| 50-day moving average | USD$9.9627 |
| 200-day moving average | USD$8.0719 |
| Wall St. target price | USD$11.61 |
| PE ratio | 9890 |
| Dividend yield | USD$0.21 (1.85%) |
| Earnings per share (TTM) | USD$0.001 |
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Empire State Realty Trust stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Is Empire State Realty Trust under- or over-valued?
Valuing Empire State Realty Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Empire State Realty Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Empire State Realty Trust's P/E ratio
Empire State Realty Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9890x. In other words, Empire State Realty Trust shares trade at around 9890x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Empire State Realty Trust's PEG ratio
Empire State Realty Trust's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 7.9799. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Empire State Realty Trust's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Empire State Realty Trust's EBITDA
Empire State Realty Trust's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$235.3 million.
The EBITDA is a measure of a Empire State Realty Trust's overall financial performance and is widely used to measure a its profitability.
Empire State Realty Trust financials
| Revenue TTM | USD$599.8 million |
|---|---|
| Operating margin TTM | 10.81% |
| Gross profit TTM | USD$308.7 million |
| Return on assets TTM | 1% |
| Return on equity TTM | -1.24% |
| Profit margin | -2.09% |
| Book value | $6.151 |
| Market capitalisation | USD$3.2 billion |
TTM: trailing 12 months
Shorting Empire State Realty Trust shares
There are currently 11.6 million Empire State Realty Trust shares held short by investors – that's known as Empire State Realty Trust's "short interest". This figure is 4.4% down from 12.1 million last month.
There are a few different ways that this level of interest in shorting Empire State Realty Trust shares can be evaluated.
Empire State Realty Trust's "short interest ratio" (SIR)
Empire State Realty Trust's "short interest ratio" (SIR) is the quantity of Empire State Realty Trust shares currently shorted divided by the average quantity of Empire State Realty Trust shares traded daily (recently around 1.4 million). Empire State Realty Trust's SIR currently stands at 8.11. In other words for every 100,000 Empire State Realty Trust shares traded daily on the market, roughly 8110 shares are currently held short.
However Empire State Realty Trust's short interest can also be evaluated against the total number of Empire State Realty Trust shares, or, against the total number of tradable Empire State Realty Trust shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Empire State Realty Trust's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Empire State Realty Trust shares in existence, roughly 40 shares are currently held short) or 0.1203% of the tradable shares (for every 100,000 tradable Empire State Realty Trust shares, roughly 120 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Empire State Realty Trust.
Find out more about how you can short Empire State Realty Trust stock.
Empire State Realty Trust share dividends
Dividend payout ratio: 34.43% of net profits
Recently Empire State Realty Trust has paid out, on average, around 34.43% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.64% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Empire State Realty Trust shareholders could enjoy a 7.64% return on their shares, in the form of dividend payments. In Empire State Realty Trust's case, that would currently equate to about $0.21 per share.
While Empire State Realty Trust's payout ratio might seem fairly standard, it's worth remembering that Empire State Realty Trust may be investing much of the rest of its net profits in future growth.
Empire State Realty Trust's most recent dividend payout was on 30 June 2020. The latest dividend was paid out to all shareholders who bought their shares by 18 June 2020 (the "ex-dividend date").
Empire State Realty Trust share price volatility
Over the last 12 months, Empire State Realty Trust's shares have ranged in value from as little as $5.19 up to $12.1. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Empire State Realty Trust's is 1.2252. This would suggest that Empire State Realty Trust's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Empire State Realty Trust overview
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.? Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.
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