Empire State Realty Trust (ESRT) Stock Forecast, Price Target & Predictions
ESRT Stock Forecast
Empire State Realty Trust stock forecast is as follows: an average price target of $9.25 (represents a -14.67% downside from ESRT’s last price of $10.84) 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 $9.25 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $13.00 to $5.50. This represents a potential -14.67% downside from ESRT's last price of $10.84.
ESRT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | John Kim | BMO Capital | $13.00 | $10.60 | 22.70% | 19.93% |
| Jul 19, 2024 | John Kim | BMO Capital | $12.00 | $10.64 | 12.78% | 10.70% |
| Apr 05, 2024 | John Kim | BMO Capital | $11.00 | $9.47 | 16.16% | 1.48% |
| Mar 03, 2023 | John Kim | BMO Capital | $9.00 | $7.63 | 17.96% | -16.97% |
| Jul 01, 2022 | - | Wells Fargo | $5.50 | $7.11 | -22.64% | -49.26% |
The latest Empire State Realty Trust stock forecast, released on Nov 15, 2024 by John Kim from BMO Capital, set a price target of $13.00, which represents a 22.70% increase from the stock price at the time of the forecast ($10.60), and a 19.93% increase from ESRT last price ($10.84).
Empire State Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 3 |
| Avg Price Target | $13.00 | $13.00 | $12.00 |
| Last Closing Price | $10.84 | $10.84 | $10.84 |
| Upside/Downside | 19.93% | 19.93% | 10.70% |
In the current month, the average price target of Empire State Realty Trust stock is $13.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 19.93% increase as opposed to Empire State Realty Trust's last price of $10.84. This month's average price target is down 0.00% compared to last quarter, and up 8.33% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | BTIG | Neutral | Neutral | Hold |
| Sep 11, 2024 | Wells Fargo | Underweight | Underweight | Hold |
| Jul 18, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 05, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Mar 03, 2023 | BMO Capital | Market Perform | Outperform | Upgrade |
| Mar 01, 2023 | Bank of America Securities | - | Buy | Upgrade |
| Jul 14, 2022 | BMO Capital | - | Market Perform | Upgrade |
| Jul 01, 2022 | Wells Fargo | Underweight | Underweight | Hold |
| May 02, 2022 | Evercore ISI | - | Outperform | Upgrade |
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
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $171.92M | $193.96M | $196.65M | $161.61M | $177.27M | $189.56M | $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 |
| High Forecast | $171.94M | $193.98M | $196.67M | $161.63M | $177.29M | $189.59M | $191.27M | $185.69M | $174.69M | $186.56M | $186.24M | $178.34M | $165.56M | $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 |
| Low Forecast | $171.91M | $193.94M | $196.63M | $161.59M | $177.26M | $189.52M | $190.08M | $185.69M | $174.69M | $173.51M | $186.24M | $178.30M | $165.53M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| 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% |
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
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| 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 |
| Avg Forecast | $78.70M | $88.79M | $90.02M | $73.98M | $81.15M | $86.77M | $87.28M | $85.00M | $114.44M | $83.18M | $85.25M | $81.62M | $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 |
| High Forecast | $78.71M | $88.79M | $90.03M | $73.98M | $81.16M | $86.79M | $87.56M | $85.00M | $137.33M | $85.40M | $85.25M | $81.63M | $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 |
| Low Forecast | $78.69M | $88.78M | $90.01M | $73.97M | $81.14M | $86.75M | $87.01M | $85.00M | $91.55M | $79.42M | $85.25M | $81.62M | $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 |
| 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% |
4 analysts predict ESRT's average Quarter EBITDA for Dec 23 to be $83.18M, with a high of $85.40M and a low of $79.42M. This is -10.89% lower than Empire State Realty Trust's previous annual EBITDA (Sep 23) of $93.34M.
Empire State Realty Trust Net Income Forecast
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| 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 |
| 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 |
| High Forecast | - | - | - | - | $2.70M | $13.48M | $64.72M | $362.03M | $-11.40M | $59.32M | $374.30M | $321.50M | $-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 |
| Low Forecast | - | - | - | - | $2.70M | $13.48M | $64.70M | $361.93M | $-17.10M | $59.31M | $374.21M | $321.41M | $-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 |
| 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% |
Empire State Realty Trust's average Quarter net income forecast for Dec 23 is $59.31M, with a range of $59.31M to $59.32M. 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
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| 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 |
| Avg Forecast | $15.36M | $17.33M | $17.57M | $14.44M | $15.84M | $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 |
| High Forecast | $15.36M | $17.33M | $17.57M | $14.44M | $15.84M | $16.94M | $17.09M | $16.59M | $22.85M | $16.67M | $16.64M | $15.93M | $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 |
| Low Forecast | $15.36M | $17.33M | $17.57M | $14.44M | $15.84M | $16.93M | $16.98M | $16.59M | $15.24M | $15.50M | $16.64M | $15.93M | $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 |
| 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% |
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
| Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 | 7 | 8 | 16 |
| 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 |
| 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 |
| High 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 | $0.12 |
| Low 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 | $0.08 |
| 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% |
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).