Previous Close | 7.05 |
Open | 7.25 |
Bid | 7.25 x 40000 |
Ask | 7.35 x 40000 |
Day's Range | 7.25 - 7.25 |
52 Week Range | 6.15 - 9.05 |
Volume | |
Avg. Volume | 5 |
Market Cap | 1.256B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.17 |
Earnings Date | Feb 14, 2023 - Feb 20, 2023 |
Forward Dividend & Yield | 0.14 (2.02%) |
Ex-Dividend Date | Sept 14, 2022 |
1y Target Est | 12.39 |
In this podcast, Motley Fool analyst Deidre Woollard and Motley Fool contributor Matt Frankel discuss: How REITs differ from stocks. Publicly traded REITs vs. private REITs. One office REIT that's evolving.
Empire State Realty Trust (NYSE: ESRT) has been in operation for many decades, but the owner of the iconic Empire State Building and other New York City commercial properties has only been listed on the public markets since 2013. The NYC office market had started to deteriorate even before COVID-19 hit. There's also the popular observatory atop the Empire State Building: The REIT completed a $165 million redevelopment of it in December 2019, but COVID required it to close shortly thereafter.
NEW YORK, January 26, 2023--Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company") is a REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the Empire State Building, the World’s Most Famous Building, and TripAdvisor’s 2022 Travelers’ Choice Best of the Best Awards #1 attraction in the U.S. and #3 attraction in the world, the newly reimagined iconic Empire State Building Observatory. Today, the Company announce