ESRT dividend yield – Empire State Realty Trust Analyzes Dividends to Maximize Returns
December 21, 2023
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Empire State Realty ($NYSE:ESRT) Trust Inc. (ESRT) is a publicly traded real estate investment trust (REIT) that owns, manages, operates, and acquires office and retail properties in the Greater New York Area. With a portfolio of iconic buildings including the Empire State Building, the company is focused on maximizing returns for its shareholders. Recently, Empire State Realty Trust Inc. has been analyzing its dividend policies to ensure that their dividends remain competitive and provide maximum returns. The company is currently evaluating its dividend policies to maintain a healthy payout ratio and ensure investors get the greatest return on their investment. They are also looking at ways to reduce their cost of capital by leveraging their existing assets and balance sheet, as well as optimizing their capital structure.
By doing this, Empire State Realty Trust Inc. will be able to maximize returns for its shareholders without compromising its other financial goals. The company’s analysis of dividend policies is an important step in making sure they remain competitive in the marketplace and provide the best returns possible. Investors can be confident that Empire State Realty Trust Inc. is taking the necessary steps to ensure they are getting the most out of their investment.
Dividends – ESRT dividend yield
To this end, ESRT has paid an annual dividend per share of 0.14 USD for the past three years. Looking forward, the dividend yields from 2021 to 2023 are expected to be 1.94%, 1.73%, and 1.0%, respectively, with an average dividend yield of 1.56%. This represents ESRT’s ongoing commitment to providing competitive dividends to their shareholders. By analyzing their dividends and anticipating future yields, they are ensuring that their shareholders have the best chance for maximizing their returns on investment.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ESRT. More…
| Total Revenues | Net Income | Net Margin |
| 727.96 | 52.53 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ESRT. More…
| Operations | Investing | Financing |
| 233.4 | -230.89 | -140.24 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ESRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.22k | 2.48k | 10.76 |
Key Ratios Snapshot
Some of the financial key ratios for ESRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 19.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Stock Price
On Monday, EMPIRE STATE REALTY TRUST Inc. (ESRT) stock opened at $9.6 and closed at $9.5, down by 1.4% from its previous closing price of $9.6. The company has been analyzing its dividend policy to maximize returns for its shareholders. They are actively researching different strategies to determine the most effective way of distributing dividends in order to increase their shareholders’ return rate. Empire State Realty Trust Inc. is looking to balance the short-term objectives with the long-term goals while ensuring that their dividend policy aligns with their overall business objectives. The company is mindful of the risks and opportunities associated with each dividend strategy, and they want to ensure that their decisions will benefit their investors in the long run. The company is taking many factors into consideration before deciding on a dividend policy, such as the market conditions, current economic conditions, and the company’s financial position.
To maximize their returns, they are considering how different dividend policies can affect their stock price and cash flow. They also recognize that different strategies can have both positive and negative results, so they are taking time to consider all options before making a decision. By taking a proactive approach to analyzing their dividend policy, they hope to create a strong and consistent return for their investors. Live Quote…
Analysis – ESRT Stock Fair Value
As part of our recent research, GoodWhale conducted an analysis of EMPIRE STATE REALTY TRUST’s wellbeing. We found that the intrinsic value of their shares is around $7.1, calculated by our proprietary Valuation Line. This means that the current trading price of $9.5 is overvalued by 33.2%. This is a significant amount and could be an indication that EMPIRE STATE REALTY TRUST’s stock may not be a good investment in the near future. We recommend doing further research and analysis before making any investment decisions. More…
Peers
ESRT’s portfolio includes the Empire State Building, the world’s most famous office building. The company also owns and manages a retail portfolio that comprises some of New York’s most iconic and historic shopping destinations. ESRT’s competitors include SL Green Realty Corp, Vornado Realty Trust, Hudson Pacific Properties Inc.
– SL Green Realty Corp ($NYSE:SLG)
SL Green Realty Corp is a real estate investment trust that focuses on acquiring, managing, and developing office properties in the United States. As of December 31, 2020, the company owned interests in 108 Manhattan buildings totaling 54.4 million square feet.
– Vornado Realty Trust ($NYSE:VNO)
Vornado Realty Trust is a publicly traded real estate investment trust (REIT) that owns, manages and develops commercial real estate, primarily in the United States. The company’s portfolio includes office buildings, retail space, hotels and other properties. Vornado’s market capitalization is $4.44 billion as of 2022. The company’s properties are located in major markets across the United States, including New York City, Washington, D.C., Chicago and San Francisco.
– Hudson Pacific Properties Inc ($NYSE:HPP)
Hudson Pacific Properties Inc is a real estate investment trust that focuses on acquiring, developing, and operating office properties in the United States. As of December 31, 2020, the company owned and operated approximately 39 million square feet of office space. Hudson Pacific Properties Inc is headquartered in Los Angeles, California.
Summary
Empire State Realty Trust (ESRT) is a Real Estate Investment Trust (REIT) that owns, manages and operates office and retail properties in the greater New York City metropolitan area. Investing in ESRT is an attractive option for income investors due to the company’s consistently high dividend yield. When analyzing the company’s financials, investors should pay close attention to ESRT’s occupancy rate and average lease length, both of which have been trending upwards in recent years.
Investors would be wise to keep an eye on the company’s dividend safety metrics, such as the payout ratio and leverage metrics, in order to ensure dividends remain sustainable. In conclusion, investors should consider investing in ESRT as a reliable income stream with dividend growth potential.
