Empire State Realty Trust upgraded by Wolfe Research with a new price target
$ESRT
Real Estate Investment Trusts
Real Estate
Wolfe Research upgraded Empire State Realty Trust from Peer Perform to Outperform and set a new price target of $10.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/25/2025 | $10.00 | Peer Perform → Outperform | Wolfe Research |
| 11/27/2023 | Outperform → In-line | Evercore ISI | |
| 5/23/2023 | $7.00 → $8.00 | In-line → Outperform | Evercore ISI |
| 4/12/2023 | $8.00 → $7.00 | Outperform → In-line | Evercore ISI |
| 3/3/2023 | $9.00 | Market Perform → Outperform | BMO Capital Markets |
| 3/1/2023 | $9.25 | Neutral → Buy | BofA Securities |
| 8/1/2022 | Outperform → Peer Perform | Wolfe Research | |
| 7/14/2022 | $7.50 → $8.00 | Underperform → Market Perform | BMO Capital Markets |
Empire State Realty Trust, Inc. (NYSE:ESRT) today announced that the Empire State Building has achieved Leadership in Energy and Environmental Design (LEED) Platinum certification under the Existing Buildings: Operations + Maintenance Version 5 program, the highest level of recognition under the U.S. Green Building Council's latest standard. The Empire State Building is the largest LEED v5 Platinum project in the United States and the first in the state of New York to earn this recognition. "This achievement reflects years of dedication by the Empire State Building team to set a high benchmark for energy efficiency and sustainability performance in existing buildings with a proven payback,
Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), today announced that its Board of Directors has declared a dividend of $0.035 per share for the fourth quarter of 2025, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s ("ESRO") Series ES, Series 250 and Series 60 operating partnership units (NYSE:ESBA, FISK and OGCP, respectively)) and Series PR operating partnership units. The Board of Directors has declared a dividend of $0.15 per unit for the fourth quarter of 2025, payable to holders of ESRO's Series 2014 Private Perpetual Preferred Units, and a dividend of $0.175 per unit for the fourth quarte
Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), announced that it has agreed to acquire 555-557 Broadway (the "Scholastic Building") for $386 million. The property is located in the SoHo submarket of Manhattan, between Spring and Prince Streets with entrances on both Mercer Street and Broadway, and is comprised of approximately 368,000 square feet of office and 28,000 square feet of prime retail. The property is 70% leased, including a 15-year office lease with Scholastic (NASDAQ:SCHL) for 222,000 square feet and fully leased retail with a weighted average lease term of approximately 8 years. There is a three-floor block of over 110,000 square feet, a unique availability in a p
SCHEDULE 13G/A - Empire State Realty Trust, Inc. (0001541401) (Subject)
10-Q - Empire State Realty Trust, Inc. (0001541401) (Filer)
10-Q - Empire State Realty Trust, Inc. (0001541401) (Filer)
Wolfe Research upgraded Empire State Realty Trust from Peer Perform to Outperform and set a new price target of $10.00
Evercore ISI downgraded Empire State Realty Trust from Outperform to In-line
Evercore ISI upgraded Empire State Realty Trust from In-line to Outperform and set a new price target of $8.00 from $7.00 previously
4 - Empire State Realty Trust, Inc. (0001541401) (Issuer)
3 - Empire State Realty Trust, Inc. (0001541401) (Issuer)
4 - Empire State Realty Trust, Inc. (0001541401) (Issuer)
SC 13G/A - Empire State Realty Trust, Inc. (0001541401) (Subject)
SC 13G/A - Empire State Realty Trust, Inc. (0001541401) (Subject)
SC 13G/A - Empire State Realty Trust, Inc. (0001541401) (Subject)
Empire State Realty Trust, Inc. (NYSE:ESRT) announced that it signed two new retail leases with HOKA and Tecovas for a total of 8,322 square feet to join ESRT's North Sixth Street Collection in Williamsburg, Brooklyn. HOKA, a sportswear company that specializes in running shoes, signed a new lease for a 4,148 square foot retail store at 91 N. Sixth Street. Davie Berke of CBRE represented HOKA in the lease negotiations. Western-wear brand Tecovas signed a new lease for a 4,174 square foot space at 89 N. Sixth Street. Matthew Seigel and Skye Taylor of Lantern represented Tecovas in the lease negotiations. "North Sixth Street continues to attract exciting brands," said Fred C. Posniak, SVP,
Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), today announced that George L. W. Malkin has joined its Board of Directors, effective July 13, 2025. Mr. Malkin is President of Malkin Holdings. His career spans over a decade in operational and financial roles. Prior to Malkin Holdings, George was an executive at Sao Paulo based, private equity-backed wireless infrastructure multinational QMC Telecom, where he launched three international markets and served as Chief-of-Staff to the company's CEO. George also held multiple roles at the H.J. Heinz Company, where he implemented 3G Capital's restructuring and cost savings initiatives across the company's North American and Australi
Empire State Realty Trust, Inc. (NYSE:ESRT) announced today that it signed two new, full-floor office leases with the William Carter Company (Carter's) and Equativ for a total of 49,095 square feet at 1350 Broadway. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731887194/en/ESRT Signs the William Carter Company and Equativ for 49k Square Feet at 1350 Broadway (Photo: Business Wire) Carter's – a children's apparel company – signed a new lease for a 24,592 square foot space across a full floor, and ad tech company Equativ signed on for a full-floor, 24,503 square foot space. "We are pleased to announce our move to a new and
Empire State Realty Trust, Inc. (NYSE:ESRT) (the "Company"), today announced that its Board of Directors has declared a dividend of $0.035 per share for the fourth quarter of 2025, payable to holders of the Company's Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.'s ("ESRO") Series ES, Series 250 and Series 60 operating partnership units (NYSE:ESBA, FISK and OGCP, respectively)) and Series PR operating partnership units. The Board of Directors has declared a dividend of $0.15 per unit for the fourth quarter of 2025, payable to holders of ESRO's Series 2014 Private Perpetual Preferred Units, and a dividend of $0.175 per unit for the fourth quarte
Binding Agreements Signed for Sale of New York City Headquarters and Jefferson City, Missouri Distribution Center Transactions Expected to Generate $401 Million in Estimated Net Proceeds to Be Deployed Toward Company's Capital Allocation Priorities, including Debt Reduction and Share Repurchases NEW YORK, Dec. 2, 2025 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL), the global children's publishing, education and media company, today announced that it has entered into sale-leaseback transactions for its headquarters location in New York City ("555-557 Broadway") and its primary distribution facility in Jefferson City, Missouri ("Jefferson City"), which together are expected to generate
– Net Income Per Fully Diluted Share of $0.05 – – Core FFO Per Fully Diluted Share of $0.23 – – $0.8B of Liquidity – – Reaffirms 2025 Guidance – Empire State Realty Trust, Inc. (NYSE:ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT's flagship Empire State Building, the "World's Most Famous Building," features its iconic Observatory, ranked the #1 Top Attraction in New York City for the fourth consecutive year in Tripadvisor's 2025 Travelers' Choice Awards: Best of the Best Things to Do. The Company is a recognized leader in energy efficiency and indoor environme