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 $8.75 (represents a -21.24% downside from ESRT’s last price of $11.11) and a rating consensus of 'Buy', based on 4 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 4 Wall Street analysts in the past 3 months, with a price target range of $12.00 to $5.50. This represents a potential -21.24% downside from ESRT's last price of $11.11.
ESRT Analyst Ratings
According to 4 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' (75.00%), 0 'Hold' (0.00%), 1 'Sell' (25.00%), 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 |
|---|---|---|---|---|---|---|
| Jul 19, 2024 | John Kim | BMO Capital | $12.00 | $10.64 | 12.78% | 8.01% |
| Apr 05, 2024 | John Kim | BMO Capital | $11.00 | $9.47 | 16.16% | -0.99% |
| Mar 03, 2023 | John Kim | BMO Capital | $9.00 | $7.63 | 17.96% | -18.99% |
| Jul 01, 2022 | - | Wells Fargo | $5.50 | $7.11 | -22.64% | -50.50% |
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 8.01% increase from ESRT last price ($11.11).
Empire State Realty Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $12.00 | $11.50 |
| Last Closing Price | $11.11 | $11.11 | $11.11 |
| Upside/Downside | -100.00% | 8.01% | 3.51% |
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 $11.11. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Wells Fargo on Sep 11, 2024. The company gave ESRT a "Underweight" rating, the same as its previous rate.
Empire State Realty Trust Financial Forecast
Empire State Realty Trust Revenue Forecast
| 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 | Jul 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 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $191.53M | $190.54M | $164.62M | $181.27M | $183.71M | - | $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 | $187.79M | $191.06M | $149.15M | $174.65M | $189.27M | $189.50M | $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 | $189.31M | $192.61M | $150.36M | $176.06M | $190.80M | $191.04M | $187.19M | $176.10M | $186.56M | $187.75M | $179.76M | $166.89M | $179.33M | $182.14M | $176.80M | $156.82M | $159.81M | $154.68M | $148.63M | $147.25M | $150.57M | $151.87M | $151.05M | $174.67M | $189.69M | $185.08M | $181.86M | $166.84M | $223.68M | $373.00M |
| Low Forecast | $186.27M | $189.51M | $147.94M | $173.23M | $187.73M | $187.96M | $184.18M | $173.27M | $173.51M | $184.73M | $176.87M | $164.20M | $174.57M | $179.21M | $176.80M | $156.22M | $159.20M | $154.09M | $148.06M | $146.69M | $150.00M | $151.29M | $150.48M | $174.00M | $188.97M | $184.37M | $181.17M | $166.21M | $149.12M | $248.67M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 16 | 17 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.03% | 1.07% | 0.99% | 1.02% | 1.02% | - | 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 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 | Jul 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 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 16 | 17 |
| EBITDA | - | - | - | - | - | - | - | - | - | $93.34M | $95.81M | $67.49M | $86.26M | $84.08M | - | $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 | $86.32M | $87.82M | $68.56M | $80.27M | $87.00M | $87.10M | $85.35M | $114.44M | $83.52M | $85.60M | $81.96M | $90.47M | $82.02M | $89.81M | $81.26M | $82.24M | $62.03M | $70.96M | $50.32M | $96.50M | $69.08M | $69.67M | $46.89M | $77.96M | $59.99M | $71.00M | $83.43M | $76.54M | $81.84M | $96.60M |
| High Forecast | $87.02M | $88.53M | $69.11M | $80.93M | $87.70M | $87.81M | $86.04M | $137.33M | $85.75M | $86.30M | $82.63M | $108.56M | $82.43M | $107.77M | $81.26M | $98.69M | $74.44M | $71.10M | $60.39M | $115.80M | $69.21M | $69.81M | $56.26M | $93.55M | $71.99M | $85.20M | $83.59M | $76.69M | $98.21M | $115.92M |
| Low Forecast | $85.62M | $87.11M | $68.00M | $79.62M | $86.29M | $86.40M | $84.66M | $91.55M | $79.75M | $84.91M | $81.30M | $72.37M | $80.24M | $71.85M | $81.26M | $65.79M | $49.62M | $70.82M | $40.26M | $77.20M | $68.95M | $69.54M | $37.51M | $62.37M | $48.00M | $56.80M | $83.27M | $76.40M | $65.48M | $77.28M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.09% | 1.17% | 0.75% | 1.05% | 0.94% | - | 0.89% | 1.25% | 1.18% | 1.40% | 0.67% | 0.97% | 0.88% | 1.33% | 0.91% | 1.40% | 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 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 | Jul 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 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 16 | 17 |
| Net Income | - | - | - | - | - | - | - | - | - | $12.61M | $22.91M | $11.69M | $21.62M | $10.12M | - | $-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 | - | - | - | - | - | $64.49M | $360.78M | $-14.25M | $59.12M | $373.01M | $320.39M | $-11.26M | $525.05M | $17.84M | $308.85M | $-10.24M | $-1.71M | $8.01M | $2.23M | $-2.36M | $-2.67M | $-8.01M | $-8.81M | $6.10M | $12.74M | $14.10M | $26.70M | $16.02M | $16.58M | $23.99M |
| High Forecast | - | - | - | - | - | $65.17M | $364.58M | $-11.40M | $59.74M | $376.94M | $323.76M | $-9.01M | $530.58M | $21.41M | $308.85M | $-8.19M | $-1.37M | $8.03M | $2.68M | $-1.89M | $-2.66M | $-7.99M | $-7.05M | $7.32M | $15.29M | $16.92M | $26.77M | $16.06M | $19.89M | $28.79M |
| Low Forecast | - | - | - | - | - | $63.81M | $356.97M | $-17.10M | $58.49M | $369.08M | $317.01M | $-13.52M | $519.52M | $14.27M | $308.85M | $-12.29M | $-2.05M | $7.99M | $1.79M | $-2.83M | $-2.68M | $-8.03M | $-10.57M | $4.88M | $10.19M | $11.28M | $26.63M | $15.98M | $13.26M | $19.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.03% | 0.07% | -1.04% | 0.04% | 0.57% | - | 1.68% | 2.38% | -0.74% | 1.40% | 0.67% | -0.31% | 0.89% | 1.33% | 0.91% | 1.40% | 1.14% | 0.42% | 0.37% | 1.00% | 0.79% |
Empire State Realty Trust's average Quarter net income forecast for Dec 23 is $59.12M, with a range of $58.49M to $59.74M. ESRT's average Quarter net income forecast represents a 368.81% increase compared to the company's last Quarter net income of $12.61M (Sep 23).
Empire State Realty Trust SG&A Forecast
| 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 | Jul 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 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 16 | 17 |
| SG&A | - | - | - | - | - | - | - | - | - | $16.01M | $16.07M | $15.71M | $16.48M | $15.72M | - | $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 | $16.78M | $17.07M | $13.33M | $15.60M | $16.91M | $16.93M | $16.59M | $19.04M | $16.23M | $16.64M | $15.93M | $15.05M | $15.94M | $67.53M | $15.80M | $13.69M | $12.73M | $13.79M | $11.73M | $90.96M | $13.43M | $13.54M | $54.95M | $70.81M | $46.69M | $53.39M | $16.22M | $14.88M | $57.95M | $67.69M |
| High Forecast | $16.91M | $17.21M | $13.43M | $15.73M | $17.05M | $17.07M | $16.72M | $22.85M | $16.67M | $16.77M | $16.06M | $18.07M | $16.02M | $81.04M | $15.80M | $16.42M | $15.27M | $13.82M | $14.08M | $109.15M | $13.45M | $13.57M | $65.94M | $84.97M | $56.02M | $64.06M | $16.25M | $14.91M | $69.54M | $81.22M |
| Low Forecast | $16.64M | $16.93M | $13.22M | $15.48M | $16.77M | $16.79M | $16.46M | $15.24M | $15.50M | $16.50M | $15.80M | $12.04M | $15.60M | $54.03M | $15.80M | $10.95M | $10.18M | $13.77M | $9.38M | $72.77M | $13.40M | $13.52M | $43.96M | $56.65M | $37.35M | $42.71M | $16.19M | $14.85M | $46.36M | $54.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.96% | 1.01% | 1.04% | 1.03% | 0.23% | - | 1.00% | 1.25% | 1.21% | 1.40% | 0.67% | 4.72% | 4.55% | 1.33% | 0.91% | 1.40% | 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 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 | Jul 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 | Sep 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 1 | 1 | 3 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 8 | 8 | 11 | 14 | 7 | 7 | 10 | 16 | 17 |
| EPS | - | - | - | - | - | - | - | - | - | $0.07 | $0.14 | $0.07 | $0.13 | $0.06 | - | $-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 | - | - | - | - | - | $0.24 | $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 | - | - | - | - | - | $0.24 | $1.36 | $1.59 | $0.22 | $1.40 | $1.20 | $1.44 | $1.97 | $1.29 | $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 | - | - | - | - | - | $0.24 | $1.33 | $1.56 | $0.22 | $1.37 | $1.18 | $1.41 | $1.93 | $1.26 | $1.15 | $1.42 | $0.05 | $0.03 | $0.15 | $-0.04 | $-0.01 | $-0.03 | $-0.04 | $0.01 | $0.07 | $0.11 | $0.10 | $0.06 | $0.08 | $0.20 |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.05% | 0.12% | 0.05% | 0.07% | 0.05% | - | -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
ESRT Forecast FAQ
Is Empire State Realty Trust a good buy?
Yes, according to 4 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 75.00% 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 -21.24% from its last price of $11.11. The data is based on 4 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 -21.24% (from the last price of $11.11 to the average price target of $8.75), up by 8.01% based on the highest stock price target, and down by -50.50% 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 $739.15M (high $745.14M, low $733.16M), average EBITDA is $373.89M (high $398.88M, low $348.9M), average net income is $411.02M (high $418.35M, low $403.69M), average SG&A $69.47M (high $73.69M, low $65.26M), and average EPS is $3.16 (high $3.19, low $3.13). ESRT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $702.65M (high $708.35M, low $696.96M), average EBITDA is $322.97M (high $325.58M, low $320.35M), average net income is $0 (high $0, low $0), average SG&A $62.78M (high $63.29M, low $62.27M), and average EPS is $0 (high $0, low $0).
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 $335.34M by 4.03%. The company's net income was $63.21M, missing the average estimation of $841.5M by -92.49%. Apple's SG&A was $61.76M, missing the average forecast of $112.96M by -45.32%. 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 $373.01M by -96.62%. 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%