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Empire State Realty Trust, Inc. (ESRT)

Real Estate | REIT - Diversified | New York, United States | NYSE
5.54 USD +0.11 (2.026%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★⯪☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 5:26 a.m. EDT

The long-term outlook is severely compromised by a brutal multi-year decline. Despite a recent recovery in price, the underlying business has suffered five consecutive years of negative annual returns, culminating in a massive -58% drop over the last nine years. This persistent structural deterioration, combined with a forward P/E of 90x and collapsing earnings growth, suggests the market views the current price as a reflection of a failing business model rather than a bargain. While the dividend yield sits at 2.6%, the payout ratio of 67% on shrinking earnings offers no safety margin against further cuts. Short-term momentum remains flat to slightly negative, with the statistical forecast indicating a negligible downward drift and options flow showing no aggressive buying pressure. The security lacks the fundamental resilience required for a buy recommendation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.037883
MSTL0.042826
AutoETS0.046398
AutoARIMA0.192541

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 47%
H-stat 3.15
Ljung-Box p 0.000
Jarque-Bera p 0.462
Excess Kurtosis -0.89
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 128.672
Revenue per Share 4.585
Market Cap 1,696,040,064
Trailing P/E 26.38
Forward P/E 92.33
Beta 1.36
Profit Margins 5.10%
Website https://www.esrtreit.com

As of July 11, 2026, 5:26 a.m. EDT: Options positioning shows a distinct lack of bullish conviction. Call Open Interest is heavily skewed toward deep out-of-the-money strikes ($7.50), while Put Open Interest concentrates significantly at the $7.50 strike for December expiration, suggesting a 'long gamma' or protective stance rather than a directional bet on upside. The extremely low implied volatility at September expirations indicates a lack of speculative interest in near-term moves, reinforcing a sentiment of stagnation or defensive hedging.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.66% 2.28% 1.76% 1.79%
Dividend History
Date Dividend Yield %
2026-06-15 0.035 0.660377
2026-03-13 0.035 0.675676
2025-12-15 0.035 0.497866
2025-09-15 0.035 0.449294
2025-06-13 0.035 0.408878
2025-03-14 0.035 0.436409
2024-12-16 0.035 0.317316
2024-09-16 0.035 0.329877
2024-06-14 0.035 0.375536
2024-03-14 0.035 0.363448
2023-12-15 0.035 0.364583
2023-09-14 0.035 0.396376
2023-06-14 0.035 0.502152
2023-03-14 0.035 0.531108
2022-12-16 0.035 0.517751
2022-09-14 0.035 0.482759
2022-06-14 0.035 0.523169
2022-03-14 0.035 0.379198
2021-12-17 0.035 0.395928
2021-09-14 0.035 0.351759
2021-06-14 0.035 0.275808
2020-06-18 0.105 1.517341
2020-03-13 0.105 1.054217
2019-12-20 0.105 0.761974
2019-09-13 0.105 0.734780
2019-06-13 0.105 0.690789
2019-03-14 0.105 0.653391
2018-12-14 0.105 0.683149
2018-09-13 0.105 0.615475
2018-06-14 0.105 0.620934
2018-03-14 0.105 0.614035
2017-12-14 0.105 0.512695
2017-09-14 0.105 0.512695
2017-06-13 0.105 0.492958
2017-03-13 0.105 0.516478
2016-12-13 0.105 0.516987
2016-09-15 0.105 0.508475
2016-06-13 0.105 0.548017
2016-03-14 0.085 0.509287
2015-12-11 0.085 0.483229
2015-09-11 0.085 0.509592
2015-06-11 0.085 0.476725
2015-03-11 0.085 0.483504
2014-12-11 0.085 0.494474
2014-09-11 0.085 0.526968
2014-06-11 0.085 0.513906
2014-03-12 0.085 0.573937
2013-12-12 0.080 0.567376
Additional Data
dividendRate 0.14
dividendYield 2.53
exDividendDate 2026-06-15
trailingAnnualDividendRate 0.14
trailingAnnualDividendYield 0.02578269
lastDividendValue 0.035
lastDividendDate 2026-06-15
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change -0.34181815
Address1 111 West 33rd Street
Address2 12th Floor
All Time High 22.31
All Time Low 4.87
Ask 0.0
Ask Size 11,500
Audit Risk 7
Average Analyst Rating 2.7 - Hold
Average Daily Volume10 Day 2,187,740
Average Daily Volume3 Month 2,016,298
Average Volume 2,016,298
Average Volume10Days 2,187,740
Beta 1.361
Bid 0.0
Bid Size 11,400
Board Risk 5
Book Value 6.185
City New York
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 5.54
Current Ratio 1.67
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 5.57
Day Low 5.47
Debt To Equity 128.672
Display Name Empire State Realty Trust
Dividend Date 1,782,777,600
Dividend Rate 0.14
Dividend Yield 2.53
Earnings Call Timestamp End 1,785,441,600
Earnings Call Timestamp Start 1,785,441,600
Earnings Growth -0.868
Earnings Quarterly Growth -0.778
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,785,355,200
Earnings Timestamp Start 1,785,355,200
Ebitda 319,552,992
Ebitda Margins 0.41142
Enterprise To Ebitda 12.477
Enterprise To Revenue 5.133
Enterprise Value 3,987,163,392
Eps Forward 0.06
Eps Trailing Twelve Months 0.21
Esg Populated 0
Ex Dividend Date 1,781,481,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 850 2751
Fifty Day Average 5.4758
Fifty Day Average Change 0.064199924
Fifty Day Average Change Percent 0.011724301
Fifty Two Week Change Percent -34.181816
Fifty Two Week High 8.27
Fifty Two Week High Change -2.7300005
Fifty Two Week High Change Percent -0.33010888
Fifty Two Week Low 4.87
Fifty Two Week Low Change 0.6700001
Fifty Two Week Low Change Percent 0.13757703
Fifty Two Week Range 4.87 - 8.27
Financial Currency USD
First Trade Date Milliseconds 1,380,720,600,000
Five Year Avg Dividend Yield 1.65
Float Shares 141,425,531
Forward Eps 0.06
Forward P E 92.333336
Free Cashflow 234,205,248
Full Exchange Name NYSE
Full Time Employees 642
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.5249
Gross Profits 407,695,008
Has Pre Post Market Data 1
Held Percent Insiders 0.00085
Held Percent Institutions 0.97053003
Implied Shares Outstanding 306,144,408
Industry REIT - Diversified
Industry Disp REIT - Diversified
Industry Key reit-diversified
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.035
Last Fiscal Year End 1,767,139,200
Long Business Summary Empire State Realty Trust, Inc. is a NYC-focused REIT that owns and operates a portfolio of well-leased, modernized well-located offices and multifamily assets. ESRT's flagship Empire State Building, the (World's Most Famous Building) features its iconic Observatory. The Company is a recognized leader in energy efficiency and indoor environmental quality. As of March 31, 2026, ESRT's portfolio is comprised of approximately 8.0 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 743 residential units. Empire State Realty Trust, Inc. was established on July 29, 2011, and was incorporated in 2011 in Maryland and is based in New York.
Long Name Empire State Realty Trust, Inc.
Market us_market
Market Cap 1,696,040,064
Market State PRE
Max Age 86,400
Message Board Id finmb_170205476
Most Recent Quarter 1,774,915,200
Net Income To Common 35,415,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 955,263,346
Number Of Analyst Opinions 5
Open 5.49
Operating Cashflow 234,816,000
Operating Margins 0.15588
Overall Risk 4
Payout Ratio 0.6667
Peg Ratio 37.36
Phone 212 850 2600
Pre Market Change -0.0049996376
Pre Market Change Percent -0.09000248
Pre Market Price 5.55
Pre Market Time 1,784,026,805
Previous Close 5.43
Price Hint 2
Price To Book 0.8957154
Price To Sales Trailing12 Months 2.1836236
Profit Margins 0.051
Quick Ratio 1.513
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.66667
Region US
Regular Market Change 0.11
Regular Market Change Percent 2.02579
Regular Market Day High 5.57
Regular Market Day Low 5.47
Regular Market Day Range 5.47 - 5.57
Regular Market Open 5.49
Regular Market Previous Close 5.43
Regular Market Price 5.54
Regular Market Time 1,783,972,803
Regular Market Volume 1,200,272
Return On Assets 0.02044
Return On Equity 0.033350002
Revenue Growth 0.049
Revenue Per Share 4.585
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 6
Shares Outstanding 171,460,307
Shares Percent Shares Out 0.055
Shares Short 9,480,066
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 11,341,769
Short Name Empire State Realty Trust, Inc.
Short Percent Of Float 0.067
Short Ratio 3.24
Source Interval 15
State NY
Symbol ESRT
Target High Price 7.0
Target Low Price 5.75
Target Mean Price 6.35
Target Median Price 6.0
Total Cash 75,198,000
Total Cash Per Share 0.436
Total Debt 2,347,154,944
Total Revenue 776,708,992
Tradeable 0
Trailing Annual Dividend Rate 0.14
Trailing Annual Dividend Yield 0.02578269
Trailing Eps 0.21
Trailing P E 26.380953
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.2232
Two Hundred Day Average Change -0.6831999
Two Hundred Day Average Change Percent -0.10978273
Type Disp Equity
Volume 1,200,272
Website https://www.esrtreit.com
Zip 10,120-1220