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Empire State Realty Trust - ESRT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $8.35
  • Forecasted Upside: 39.40%
  • Number of Analysts: 6
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$5.99 As of 03/24/2023 01:00 AM ET
▲ +0.17 (2.92%)

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 $8.35
▲ +39.40% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Empire State Realty Trust in the last 3 months. The average price target is $8.35, with a high forecast of $10.00 and a low forecast of $6.00. The average price target represents a 39.40% upside from the last price of $5.99.

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 6 contributing investment analysts is to hold stock in Empire State Realty Trust. This Hold consensus rating has held steady for over two years.

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
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/2/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
12/31/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
3/31/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
9/27/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 2 sell ratings
Ratings as of
12/26/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
2/24/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
3/26/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/16/2023Wells Fargo & CompanyBoost TargetUnderweight$5.00 ➝ $6.00Low
3/3/2023BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$9.00Low
3/1/2023CitigroupBoost TargetNeutral$7.25 ➝ $7.50Low
3/1/2023Bank of AmericaUpgradeNeutral ➝ Buy$9.25Low
10/18/2022Wells Fargo & CompanyLower TargetUnderweight$5.50 ➝ $5.00Low
8/1/2022Wolfe ResearchDowngradeOutperform ➝ Peer PerformLow
7/14/2022BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$7.50 ➝ $8.00Low
7/1/2022Wells Fargo & CompanyLower TargetUnderweight$8.00 ➝ $5.50Low
6/20/2022Evercore ISISet Target$10.00Low
5/2/2022Evercore ISIUpgradeIn-Line ➝ Outperform$11.00Medium
3/7/2022BMO Capital MarketsDowngradeMarket Perform ➝ Underperform$11.00 ➝ $8.00High
1/13/2022KeyCorpDowngradeOverweight ➝ Underweight$13.00 ➝ $8.00High
12/6/2021Evercore ISIDowngradeOutperform ➝ In-Line$11.50 ➝ $10.50High
10/14/2021KeyCorpLower TargetOverweight$14.00 ➝ $13.00Medium
7/12/2021BMO Capital MarketsDowngradeOutperform ➝ Market Perform$13.50Low
6/15/2021Wolfe ResearchInitiated CoverageOutperform ➝ Outperform$16.00Low
5/3/2021Evercore ISIUpgradeUnderperform ➝ Outperform$12.00 ➝ $13.00Low
4/1/2021Wells Fargo & CompanyReiterated RatingEqual Weight ➝ Underweight$11.00 ➝ $10.00Medium
3/26/2021Wells Fargo & CompanyDowngradeEqual Weight ➝ Underweight$11.00 ➝ $10.00Medium
1/12/2021Evercore ISIReiterated RatingIn-Line ➝ UnderperformLow
12/3/2020BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$8.00 ➝ $14.00High
9/23/2020Wells Fargo & CompanyLower TargetEqual Weight$12.00 ➝ $10.00High
9/3/2020CitigroupUpgradeSell ➝ Neutral$7.50 ➝ $6.50High
8/28/2020BMO Capital MarketsUpgradeUnderperform ➝ Market Perform$9.00 ➝ $8.00Low
4/7/2020CitigroupDowngradeNeutral ➝ Sell$15.00 ➝ $7.50Low
3/18/2020Stifel NicolausLower TargetHold$14.00 ➝ $10.00High
3/12/2020BMO Capital MarketsDowngradeMarket Perform ➝ Underperform$14.00 ➝ $9.00High
11/8/2019The Goldman Sachs GroupInitiated CoverageNeutral$15.00Low
9/6/2019CitigroupLower TargetNeutral$17.00 ➝ $15.00Low
9/6/2019BMO Capital MarketsDowngradeOutperform ➝ Market Perform$19.00 ➝ $15.00Medium
7/24/2019BMO Capital MarketsSet TargetBuy$19.00Low
2/28/2019CitigroupInitiated CoverageNeutral ➝ Neutral$17.00Low
8/7/2018Bank of AmericaDowngradeBuy ➝ Neutral$19.00Low
7/31/2018BTIG ResearchDowngradeBuy ➝ Hold$24.00Medium
6/11/2018Evercore ISIDowngradeOutperform ➝ InlineLow
(Data available from 3/26/2018 forward)

News Sentiment Rating

1.26 (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
  • 8 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/28/2022
  • 10 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/27/2022
  • 10 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/27/2022
  • 8 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/26/2022
  • 7 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/26/2022
  • 6 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/25/2023
  • 16 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/24/2023
  • 16 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2023

Current Sentiment

  • 16 very positive mentions
  • 3 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. is a real estate investment trust, which engages in owning, managing, acquiring, and repositioning office and retail properties. It operates through the Real Estate and Observatory segments. The Real Estate segment includes ownership, management, operation, acquisition, repositioning, and disposition of real estate assets. The Observatory segment manages observatories at the Empire state building. The company was founded on July 29, 2011 and is headquartered in New York, NY.
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Today's Range

Now: $5.99
Low: $5.39
High: $6.04

50 Day Range

MA: $7.50
Low: $5.82
High: $8.58

52 Week Range

Now: $5.99
Low: $5.39
High: $10.06

Volume

5,232,766 shs

Average Volume

1,809,506 shs

Market Capitalization

$966.91 million

P/E Ratio

27.23

Dividend Yield

2.41%

Beta

1.19

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: Bank of America Co., BMO Capital Markets, Citigroup Inc., Evercore ISI, StockNews.com, TheStreet, Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for ESRT.

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

5 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 $8.35, suggesting a possible upside of 39.4%. Evercore ISI has the highest price target set, predicting ESRT will reach $10.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $6.00 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, 2 hold ratings and 3 buy ratings 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 PennyMac Mortgage Investment Trust, NETSTREIT, CoreCivic, NexPoint Residential Trust and American Assets 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.