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Empire State Realty Trust - ESRT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $10.33
  • Forecasted Upside: -7.57%
  • Number of Analysts: 3
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$11.18 As of 10/22/2024 01:00 AM ET
▼ -0.03 (-0.27%)

This chart shows the closing price for ESRT by one month, three months, or twelve months.

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Analyst Price Target for ESRT

Analyst Price Target is $10.33
▼ -7.57% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Empire State Realty Trust in the last 3 months. The average price target is $10.33, with a high forecast of $12.00 and a low forecast of $9.00. The average price target represents a -7.57% upside from the last price of $11.18.

This chart shows the closing price for ESRT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 polled investment analysts is to hold stock in Empire State Realty Trust. This rating has held steady since June 2024, when it changed from a Reduce consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
4/25/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
7/24/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
9/22/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/22/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
9/11/2024Wells Fargo & CompanyBoost TargetUnderweight ➝ Underweight$7.00 ➝ $10.00
7/19/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$11.00 ➝ $12.00
11/27/2023Evercore ISIDowngradeOutperform ➝ In-Line$9.00
8/30/2023Wells Fargo & CompanyBoost TargetUnderweight ➝ Underweight$6.00 ➝ $7.00
8/17/2023Evercore ISIBoost TargetOutperform ➝ Outperform$8.00 ➝ $10.00
8/8/2023CitigroupBoost TargetNeutral ➝ Neutral$7.25 ➝ $9.00
5/23/2023Evercore ISIUpgradeIn-Line ➝ Outperform$7.00 ➝ $8.00
4/12/2023Evercore ISIDowngradeOutperform ➝ In-Line$8.00 ➝ $7.00
3/27/2023Evercore ISILower TargetOutperform$9.00 ➝ $8.00
3/16/2023Wells Fargo & CompanyBoost TargetUnderweight$5.00 ➝ $6.00
3/3/2023BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$9.00
3/1/2023CitigroupBoost TargetNeutral$7.25 ➝ $7.50
3/1/2023Bank of AmericaUpgradeNeutral ➝ Buy$9.25
10/18/2022Wells Fargo & CompanyLower TargetUnderweight$5.50 ➝ $5.00
8/1/2022Wolfe ResearchDowngradeOutperform ➝ Peer Perform
7/14/2022BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$7.50 ➝ $8.00
7/1/2022Wells Fargo & CompanyLower TargetUnderweight$8.00 ➝ $5.50
6/20/2022Evercore ISISet Target$10.00
5/2/2022Evercore ISIUpgradeIn-Line ➝ Outperform$11.00
3/7/2022BMO Capital MarketsDowngradeMarket Perform ➝ Underperform$11.00 ➝ $8.00
1/13/2022KeyCorpDowngradeOverweight ➝ Underweight$13.00 ➝ $8.00
12/6/2021Evercore ISIDowngradeOutperform ➝ In-Line$11.50 ➝ $10.50
10/14/2021KeyCorpLower TargetOverweight$14.00 ➝ $13.00
7/12/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform$13.50
6/15/2021Wolfe ResearchInitiated CoverageOutperform ➝ Outperform$16.00
5/3/2021Evercore ISIUpgradeUnderperform ➝ Outperform$12.00 ➝ $13.00
4/1/2021Wells Fargo & CompanyReiterated RatingEqual Weight ➝ Underweight$11.00 ➝ $10.00
3/26/2021Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$11.00 ➝ $10.00
1/12/2021Evercore ISIReiterated RatingIn-Line ➝ Underperform
12/3/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$8.00 ➝ $14.00
9/23/2020Wells Fargo & CompanyLower TargetEqual Weight$12.00 ➝ $10.00
9/3/2020CitigroupUpgradeSell ➝ Neutral$7.50 ➝ $6.50
8/28/2020BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$9.00 ➝ $8.00
4/7/2020CitigroupDowngradeNeutral ➝ Sell$15.00 ➝ $7.50
3/18/2020Stifel NicolausLower TargetHold$14.00 ➝ $10.00
3/12/2020BMO Capital MarketsDowngradeMarket Perform ➝ Underperform$14.00 ➝ $9.00
11/8/2019The Goldman Sachs GroupInitiated CoverageNeutral$15.00
(Data available from 10/23/2019 forward)

News Sentiment Rating

1.35 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 11 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/27/2024
  • 12 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024
  • 9 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/26/2024
  • 8 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/25/2024
  • 9 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/25/2024
  • 11 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/24/2024
  • 6 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/23/2024
  • 15 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/23/2024

Current Sentiment

  • 15 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Empire State Realty Trust logo
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of modernized, amenitized, and well-located office, retail, and multifamily assets. The company is the recognized leader in energy efficiency and indoor environmental quality. ESRT's flagship Empire State Building - the "World's Most Famous Building" - includes its Observatory, Tripadvisor's 2023 Travelers' Choice Awards: Best of the Best the #1 attraction in the US for two consecutive years. As of September 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 0.7 million rentable square feet of retail space and 727 residential units across three multifamily properties.
Read More

Today's Range

Now: $11.18
Low: $10.76
High: $11.55

50 Day Range

MA: $10.75
Low: $10.08
High: $11.44

52 Week Range

Now: $11.18
Low: $7.34
High: $11.62

Volume

1,381,408 shs

Average Volume

1,123,369 shs

Market Capitalization

$1.84 billion

P/E Ratio

43.00

Dividend Yield

1.22%

Beta

1.4

Frequently Asked Questions

What sell-side analysts currently cover shares of Empire State Realty Trust?

The following equities research analysts have issued stock ratings on Empire State Realty Trust in the last twelve months: BMO Capital Markets, Evercore ISI, StockNews.com, and Wells Fargo & Company.
View the latest analyst ratings for ESRT.

What is the current price target for Empire State Realty Trust?

3 Wall Street analysts have set twelve-month price targets for Empire State Realty Trust in the last year. Their average twelve-month price target is $10.33, suggesting a possible downside of 7.6%. BMO Capital Markets has the highest price target set, predicting ESRT will reach $12.00 in the next twelve months. Evercore ISI has the lowest price target set, forecasting a price of $9.00 for Empire State Realty Trust in the next year.
View the latest price targets for ESRT.

What is the current consensus analyst rating for Empire State Realty Trust?

Empire State Realty Trust currently has 1 sell rating, 1 hold rating and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in ESRT, but not buy more shares or sell existing shares.
View the latest ratings for ESRT.

What other companies compete with Empire State Realty Trust?

Other companies that are similar to Empire State Realty Trust include First Industrial Realty Trust, STAG Industrial, Healthcare Realty Trust, Ryman Hospitality Properties and Starwood Property Trust. Learn More about companies similar to Empire State Realty Trust.

How do I contact Empire State Realty Trust's investor relations team?

Empire State Realty Trust's physical mailing address is 111 WEST 33RD STREET 12TH FL, NEW YORK NY, 10120. The real estate investment trust's listed phone number is (212) 850-2600 and its investor relations email address is [email protected]. The official website for Empire State Realty Trust is www.empirestaterealtytrust.com. Learn More about contacing Empire State Realty Trust investor relations.