Empire State Realty Trust (NYSE:ESRT) Issues FY 2026 Earnings Guidance

Empire State Realty Trust (NYSE:ESRT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.850-0.890 for the period, compared to the consensus EPS estimate of 0.870. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Evercore set a $7.00 price target on Empire State Realty Trust in a research note on Wednesday, February 18th. Wells Fargo & Company decreased their price target on Empire State Realty Trust from $6.80 to $6.30 and set an “underweight” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings lowered Empire State Realty Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Finally, Citigroup decreased their price target on Empire State Realty Trust from $7.00 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Empire State Realty Trust presently has a consensus rating of “Sell” and a consensus price target of $6.35.

Empire State Realty Trust Price Performance

Shares of NYSE:ESRT traded down $0.05 during trading on Thursday, hitting $5.57. 2,502,639 shares of the stock were exchanged, compared to its average volume of 1,606,881. The company has a fifty day moving average price of $5.42 and a two-hundred day moving average price of $6.35. The company has a market cap of $953.81 million, a PE ratio of 21.42 and a beta of 1.38. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.22. Empire State Realty Trust has a 12-month low of $4.87 and a 12-month high of $8.76.

Empire State Realty Trust (NYSE:ESRT) last issued its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $166.10 million during the quarter. Empire State Realty Trust had a return on equity of 2.59% and a net margin of 6.06%.Empire State Realty Trust has set its FY 2026 guidance at 0.850-0.890 EPS. On average, analysts forecast that Empire State Realty Trust will post 0.87 EPS for the current year.

Empire State Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. Empire State Realty Trust’s payout ratio is 53.85%.

Key Headlines Impacting Empire State Realty Trust

Here are the key news stories impacting Empire State Realty Trust this week:

• Positive Sentiment: The Empire State Building’s 95th anniversary events and marketing push (special lighting, observation‑deck offers and sustainability messaging) should support Observatory visitation and brand-driven retail/visitor revenue over the near term. The Empire State Building Celebrates 95 Years
• Positive Sentiment: Property-level amenity upgrade: ESRT unveiled a new rooftop lounge tenant amenity at 1333 Broadway — a move that can aid tenant retention, leasing velocity and net effective rents in that asset. Rooftop Lounge Tenant Amenity
• Neutral Sentiment: Q1 results: ESRT reported EPS of $0.20 and revenue of $166.1M; margin and ROE remain modest. Management provided a slide deck and call — useful for operational detail but the headline numbers are mixed rather than clearly positive. First Quarter 2026 Results
• Neutral Sentiment: Full Q1 call/transcript and media coverage are available (Seeking Alpha, Yahoo, local press) — these provide management commentary on leasing, occupancy, and capex plans which will determine whether current results are a temporary lull or a structural issue. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Third‑party writeups and bullish theses have appeared (e.g., Insidermonkey summary of a bullish Substack piece), which can attract investor interest but are speculative and rely on execution and asset performance. Is ESRT a Good Stock to Buy Now?
• Negative Sentiment: FY‑2026 EPS guidance set to $0.850–0.890 was issued and sits roughly in line with but slightly below consensus at the low end — this conservative range and modest near‑term earnings growth potential likely pressured the stock despite operational positives. FY 2026 Guidance Update

Hedge Funds Weigh In On Empire State Realty Trust

A number of institutional investors have recently made changes to their positions in ESRT. Resolution Capital Ltd acquired a new position in shares of Empire State Realty Trust in the second quarter worth $43,706,000. Goldman Sachs Group Inc. raised its holdings in shares of Empire State Realty Trust by 137.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,105,313 shares of the real estate investment trust’s stock worth $24,284,000 after acquiring an additional 1,798,850 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Empire State Realty Trust by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 11,934,145 shares of the real estate investment trust’s stock worth $91,318,000 after acquiring an additional 1,153,446 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Empire State Realty Trust by 421.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,055,253 shares of the real estate investment trust’s stock valued at $8,083,000 after acquiring an additional 853,024 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in Empire State Realty Trust by 4,801.2% in the 3rd quarter. Citadel Advisors LLC now owns 722,582 shares of the real estate investment trust’s stock valued at $5,535,000 after acquiring an additional 707,839 shares during the last quarter. 67.10% of the stock is owned by institutional investors and hedge funds.

Empire State Realty Trust Company Profile

Empire State Realty Trust, Inc is a publicly traded real estate investment trust (REIT) focused on the ownership, management and operation of office and retail properties. The company’s portfolio features the iconic Empire State Building in Midtown Manhattan, alongside a diversified collection of commercial assets situated throughout Manhattan, Brooklyn and select markets in Upstate New York. By offering premium office space and street-level retail, Empire State Realty Trust positions itself as a landlord of choice for corporate tenants, retailers and experiential brands seeking high-profile addresses.

Established through a spin-off of assets in early 2013, Empire State Realty Trust consolidated a mix of landmark and Class A properties, creating scale in one of the world’s most competitive real estate markets.