Empire State Realty Trust (ESRT) Stock Forecast, Price Target & Predictions


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ESRT Stock Forecast


Empire State Realty Trust stock forecast is as follows: an average price target of $8.75 (represents a -17.53% downside from ESRT’s last price of $10.61) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.

ESRT Price Target


The average price target for Empire State Realty Trust (ESRT) is $8.75 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $5.50. This represents a potential -17.53% downside from ESRT's last price of $10.61.

ESRT Analyst Ratings


Buy

According to 5 Wall Street analysts, Empire State Realty Trust's rating consensus is 'Buy'. The analyst rating breakdown for ESRT stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 1 'Hold' (20.00%), 1 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).

Empire State Realty Trust Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 19, 2024John KimBMO Capital$12.00$10.6412.78%13.10%
Apr 05, 2024John KimBMO Capital$11.00$9.4716.16%3.68%
Mar 03, 2023John KimBMO Capital$9.00$7.6317.96%-15.17%
Jul 01, 2022-Wells Fargo$5.50$7.11-22.64%-48.16%
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The latest Empire State Realty Trust stock forecast, released on Jul 19, 2024 by John Kim from BMO Capital, set a price target of $12.00, which represents a 12.78% increase from the stock price at the time of the forecast ($10.64), and a 13.10% increase from ESRT last price ($10.61).

Empire State Realty Trust Price Target by Period


1M3M12M
# Anlaysts--2
Avg Price Target--$11.50
Last Closing Price$10.61$10.61$10.61
Upside/Downside-100.00%-100.00%8.39%

In the current month, the average price target of Empire State Realty Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Empire State Realty Trust's last price of $10.61. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024BTIGNeutralNeutralHold
Sep 11, 2024Wells FargoUnderweightUnderweightHold
Jul 18, 2024BMO CapitalOutperformOutperformHold
Apr 05, 2024BMO CapitalOutperformOutperformHold
Mar 03, 2023BMO CapitalMarket PerformOutperformUpgrade
Mar 01, 2023Bank of America Securities-BuyUpgrade
Jul 14, 2022BMO Capital-Market PerformUpgrade
Jul 01, 2022Wells FargoUnderweightUnderweightHold
May 02, 2022Evercore ISI-OutperformUpgrade
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Empire State Realty Trust's last stock rating was published by BTIG on Oct 22, 2024. The company gave ESRT a "Neutral" rating, the same as its previous rate.

Empire State Realty Trust Financial Forecast


Empire State Realty Trust Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Sep 17
Revenue---------$191.53M$190.54M$164.62M$181.27M$183.71M$198.02M$164.03M$160.33M$165.05M$153.41M$145.30M$151.40M$146.57M$141.03M$170.22M$194.93M$192.87M$176.24M$167.29M$186.40M$187.32M
Avg Forecast$191.93M$194.12M$160.13M$176.84M$189.65M$190.68M$185.69M$174.69M$181.70M$186.24M$178.32M$165.54M$178.45M$180.67M$176.80M$156.52M$159.51M$154.39M$148.35M$146.97M$150.29M$151.58M$150.77M$174.34M$189.33M$184.73M$181.52M$166.53M$186.40M$310.83M
High Forecast$193.00M$195.20M$161.02M$177.46M$191.07M$191.27M$185.69M$174.69M$186.56M$186.24M$179.31M$166.47M$179.33M$180.67M$176.80M$156.52M$159.51M$154.39M$148.35M$146.97M$150.29M$151.58M$150.77M$174.34M$189.33M$184.73M$181.52M$166.53M$223.68M$373.00M
Low Forecast$191.22M$193.39M$159.53M$176.23M$188.89M$190.08M$185.69M$174.69M$173.51M$186.24M$177.65M$164.93M$174.57M$180.67M$176.80M$156.52M$159.51M$154.39M$148.35M$146.97M$150.29M$151.58M$150.77M$174.34M$189.33M$184.73M$181.52M$166.53M$149.12M$248.67M
# Analysts111231224211311111111889127781617
Surprise %---------1.03%1.07%0.99%1.02%1.02%1.12%1.05%1.01%1.07%1.03%0.99%1.01%0.97%0.94%0.98%1.03%1.04%0.97%1.00%1.00%0.60%

Empire State Realty Trust's average Quarter revenue forecast for Dec 23 based on 4 analysts is $181.70M, with a low forecast of $173.51M, and a high forecast of $186.56M. ESRT's average Quarter revenue forecast represents a -5.13% decrease compared to the company's last Quarter revenue of $191.53M (Sep 23).

Empire State Realty Trust EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Sep 17
# Analysts111231224211311111111889127781617
EBITDA---------$93.34M$95.81M$67.49M$86.26M$84.08M$105.23M$73.30M$77.54M$83.46M$70.45M$64.33M$67.06M$60.98M$62.52M$70.87M$83.99M$81.14M$77.35M$71.97M$81.84M$76.67M
Avg Forecast$88.22M$89.22M$73.60M$81.28M$87.17M$87.64M$85.35M$114.44M$83.52M$85.60M$81.96M$90.47M$78.47M$83.04M$81.26M$82.24M$73.32M$70.96M$68.19M$96.50M$69.08M$69.67M$69.30M$77.96M$87.03M$71.00M$83.43M$76.54M$81.84M$96.60M
High Forecast$88.71M$89.72M$74.01M$81.57M$87.82M$87.92M$85.35M$137.33M$85.75M$85.60M$82.42M$108.56M$94.16M$83.04M$81.26M$98.69M$73.32M$70.96M$68.19M$115.80M$69.08M$69.67M$69.30M$93.55M$87.03M$85.20M$83.43M$76.54M$98.21M$115.92M
Low Forecast$87.89M$88.89M$73.33M$81.00M$86.82M$87.37M$85.35M$91.55M$79.75M$85.60M$81.66M$72.37M$62.77M$83.04M$81.26M$65.79M$73.32M$70.96M$68.19M$77.20M$69.08M$69.67M$69.30M$62.37M$87.03M$56.80M$83.43M$76.54M$65.48M$77.28M
Surprise %---------1.09%1.17%0.75%1.10%1.01%1.29%0.89%1.06%1.18%1.03%0.67%0.97%0.88%0.90%0.91%0.97%1.14%0.93%0.94%1.00%0.79%

4 analysts predict ESRT's average Quarter EBITDA for Dec 23 to be $83.52M, with a high of $85.75M and a low of $79.75M. This is -10.52% lower than Empire State Realty Trust's previous annual EBITDA (Sep 23) of $93.34M.

Empire State Realty Trust Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Sep 17
# Analysts111231224211311111111889127781617
Net Income---------$12.61M$22.91M$11.69M$21.62M$10.12M$48.70M$-17.22M$-4.07M$-5.93M$3.13M$-1.57M$840.00K$-7.15M$-11.75M$5.54M$17.84M$16.12M$11.32M$5.91M$16.58M$19.04M
Avg Forecast---$2.70M$13.48M$64.71M$361.98M$-14.25M$59.31M$374.26M$321.46M$-11.26M$-2.16M$341.71M$310.26M$-10.24M$13.44M$8.06M$40.31M$-2.36M$-2.69M$-8.06M$-10.75M$6.10M$18.81M$14.10M$26.87M$16.12M$16.58M$23.99M
High Forecast---$2.72M$13.58M$65.18M$364.60M$-11.40M$59.74M$376.96M$323.78M$-9.01M$-1.73M$341.71M$310.26M$-8.19M$13.44M$8.06M$40.31M$-1.89M$-2.69M$-8.06M$-10.75M$7.32M$18.81M$16.92M$26.87M$16.12M$19.89M$28.79M
Low Forecast---$2.68M$13.42M$64.39M$360.22M$-17.10M$59.03M$372.44M$319.90M$-13.52M$-2.60M$341.71M$310.26M$-12.29M$13.44M$8.06M$40.31M$-2.83M$-2.69M$-8.06M$-10.75M$4.88M$18.81M$11.28M$26.87M$16.12M$13.26M$19.19M
Surprise %---------0.03%0.07%-1.04%-9.99%0.03%0.16%1.68%-0.30%-0.74%0.08%0.67%-0.31%0.89%1.09%0.91%0.95%1.14%0.42%0.37%1.00%0.79%

Empire State Realty Trust's average Quarter net income forecast for Dec 23 is $59.31M, with a range of $59.03M to $59.74M. ESRT's average Quarter net income forecast represents a 370.38% increase compared to the company's last Quarter net income of $12.61M (Sep 23).

Empire State Realty Trust SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Sep 17
# Analysts111231224211311111111889127781617
SG&A---------$16.01M$16.07M$15.71M$16.48M$15.72M$15.88M$13.69M$15.91M$16.76M$16.42M$60.64M$63.36M$61.58M$73.26M$64.38M$65.36M$61.01M$63.15M$62.45M$57.95M$53.72M
Avg Forecast$17.15M$17.34M$14.31M$15.80M$16.94M$17.04M$16.59M$19.04M$16.23M$16.64M$15.93M$15.05M$16.10M$16.14M$15.80M$13.69M$14.25M$13.79M$13.25M$90.96M$13.43M$13.54M$13.47M$70.81M$16.92M$53.39M$16.22M$14.88M$57.95M$67.69M
High Forecast$17.24M$17.44M$14.39M$15.86M$17.07M$17.09M$16.59M$22.85M$16.67M$16.64M$16.02M$18.07M$19.32M$16.14M$15.80M$16.42M$14.25M$13.79M$13.25M$109.15M$13.43M$13.54M$13.47M$84.97M$16.92M$64.06M$16.22M$14.88M$69.54M$81.22M
Low Forecast$17.08M$17.28M$14.25M$15.74M$16.88M$16.98M$16.59M$15.24M$15.50M$16.64M$15.87M$12.04M$12.88M$16.14M$15.80M$10.95M$14.25M$13.79M$13.25M$72.77M$13.43M$13.54M$13.47M$56.65M$16.92M$42.71M$16.22M$14.88M$46.36M$54.15M
Surprise %---------0.96%1.01%1.04%1.02%0.97%1.01%1.00%1.12%1.21%1.24%0.67%4.72%4.55%5.44%0.91%3.86%1.14%3.89%4.20%1.00%0.79%

Empire State Realty Trust's average Quarter SG&A projection for Dec 23 is $16.23M, based on 4 Wall Street analysts, with a range of $15.50M to $16.67M. The forecast indicates a 1.39% rise compared to ESRT last annual SG&A of $16.01M (Sep 23).

Empire State Realty Trust EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Sep 17
# Analysts111231224211311111111889127781617
EPS---------$0.07$0.14$0.07$0.13$0.06$0.29$-0.10$-0.02$-0.04$0.01$-0.02$-0.00$-0.05$-0.07$0.02$0.09$0.09$0.06$0.03$0.10$0.12
Avg Forecast---$0.01$0.05$0.24$1.34$1.58$0.22$1.39$1.19$1.43$1.95$1.27$1.15$1.43$0.05$0.03$0.15$-0.04$-0.01$-0.03$-0.04$0.01$0.07$0.12$0.10$0.06$0.10$0.25
High Forecast---$0.01$0.05$0.24$1.35$1.59$0.22$1.40$1.20$1.44$1.97$1.27$1.15$1.43$0.05$0.03$0.15$-0.04$-0.01$-0.03$-0.04$0.01$0.07$0.12$0.10$0.06$0.12$0.30
Low Forecast---$0.01$0.05$0.24$1.34$1.57$0.22$1.38$1.19$1.42$1.94$1.27$1.15$1.43$0.05$0.03$0.15$-0.04$-0.01$-0.03$-0.04$0.01$0.07$0.12$0.10$0.06$0.08$0.20
Surprise %---------0.05%0.12%0.05%0.07%0.05%0.25%-0.07%-0.47%-1.33%0.07%0.50%0.12%1.67%1.75%2.00%1.29%0.78%0.60%0.50%1.00%0.48%

According to 4 Wall Street analysts, Empire State Realty Trust's projected average Quarter EPS for Dec 23 is $0.22, with a low estimate of $0.22 and a high estimate of $0.22. This represents a 214.29% increase compared to ESRT previous annual EPS of $0.07 (Sep 23).

Empire State Realty Trust Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HPPHudson Pacific Properties$4.04$13.76240.59%Hold
PGREParamount Group$5.19$6.9032.95%Hold
DEIDouglas Emmett$18.16$22.6724.83%Hold
UEUrban Edge Properties$23.32$25.007.20%Buy
ESRTEmpire State Realty Trust$10.61$8.75-17.53%Buy

ESRT Forecast FAQ


Is Empire State Realty Trust a good buy?

Yes, according to 5 Wall Street analysts, Empire State Realty Trust (ESRT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of ESRT's total ratings.

What is ESRT's price target?

Empire State Realty Trust (ESRT) average price target is $8.75 with a range of $5.5 to $12, implying a -17.53% from its last price of $10.61. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Empire State Realty Trust stock go up soon?

According to Wall Street analysts' prediction for ESRT stock, the company can go down by -17.53% (from the last price of $10.61 to the average price target of $8.75), up by 13.10% based on the highest stock price target, and down by -48.16% based on the lowest stock price target.

Can Empire State Realty Trust stock reach $20?

ESRT's average twelve months analyst stock price target of $8.75 does not support the claim that Empire State Realty Trust can reach $20 in the near future.

What are Empire State Realty Trust's analysts' financial forecasts?

Empire State Realty Trust's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $740.7M (high $742.72M, low $739.35M), average EBITDA is $374.6M (high $398.42M, low $351.09M), average net income is $425.92M (high $431.95M, low $420.94M), average SG&A $69.61M (high $73.6M, low $65.68M), and average EPS is $3.21 (high $3.23, low $3.19). ESRT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $723.02M (high $726.68M, low $720.37M), average EBITDA is $332.33M (high $334.01M, low $331.11M), average net income is $2.7M (high $2.72M, low $2.68M), average SG&A $64.6M (high $64.92M, low $64.36M), and average EPS is $0.01 (high $0.0101, low $0.00995).

Did the ESRT's actual financial results beat the analysts' financial forecasts?

Based on Empire State Realty Trust's last annual report (Dec 2022), the company's revenue was $727.04M, beating the average analysts forecast of $692.44M by 5.00%. Apple's EBITDA was $348.87M, beating the average prediction of $325.02M by 7.34%. The company's net income was $63.21M, missing the average estimation of $639.57M by -90.12%. Apple's SG&A was $61.76M, beating the average forecast of $61.72M by 0.07%. Lastly, the company's EPS was $0.38, missing the average prediction of $5.81 by -93.46%. In terms of the last quarterly report (Sep 2023), Empire State Realty Trust's revenue was $191.53M, beating the average analysts' forecast of $186.24M by 2.84%. The company's EBITDA was $93.34M, beating the average prediction of $85.6M by 9.04%. Empire State Realty Trust's net income was $12.61M, missing the average estimation of $374.26M by -96.63%. The company's SG&A was $16.01M, missing the average forecast of $16.64M by -3.77%. Lastly, the company's EPS was $0.07, missing the average prediction of $1.39 by -94.96%