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Earnings
Empire State Realty reports Q2 core FFO 18c, consensus 14c » 16:29
07/28/21
07/28
16:29
07/28/21
16:29
ESRT

Empire State Realty

$11.85 /

+0.13 (+1.11%)

Reports Q2 revenue…

Reports Q2 revenue $153.4M, consensus $143.6M. Same-Store Property Cash Net Operating Income excluding lease termination fees was down 6.0% from Q2 of last year primarily driven by a reduction in revenues due to write-offs taken over the period.

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ESRT Empire State Realty
$11.85 /

+0.13 (+1.11%)

ESRT Empire State Realty
$11.85 /

+0.13 (+1.11%)

07/12/21 BMO Capital
Empire State Realty downgraded to Market Perform from Outperform at BMO Capital
06/14/21 Wolfe Research
Empire State Realty initiated with an Outperform at Wolfe Research
05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
ESRT Empire State Realty
$11.85 /

+0.13 (+1.11%)

Over a week ago
Downgrade
Empire State Realty downgraded to Market Perform from Outperform at BMO Capital » 04:52
07/12/21
07/12
04:52
07/12/21
04:52
ESRT

Empire State Realty

$12.25 /

+0.415 (+3.51%)

BMO Capital analyst John…

BMO Capital analyst John Kim downgraded Empire State Realty to Market Perform from Outperform with a $13.50 price target. The analyst cites valuation for the downgrade with the shares providing a 32% total return year-to-date. Further, Kim is tempering assumptions on the Empire State Building Observatory visitors given the slower recovery of international tourism in New York City, which he notes accounts for approximately two-thirds of the visitors to the Observatory. The analyst sees more attractive value elsewhere in the sector.

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ESRT Empire State Realty
$12.25 /

+0.415 (+3.51%)

ESRT Empire State Realty
$12.25 /

+0.415 (+3.51%)

06/14/21 Wolfe Research
Empire State Realty initiated with an Outperform at Wolfe Research
05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
ESRT Empire State Realty
$12.25 /

+0.415 (+3.51%)

Over a month ago
Conference/Events
BMO Capital to hold a in-person property tour » 04:55
06/22/21
06/22
04:55
06/22/21
04:55
BPY

Brookfield Property

$18.59 /

+0.165 (+0.90%)

, BXP

Boston Properties

$119.59 /

+2.35 (+2.00%)

, CBRE

CBRE Group

$89.06 /

+2.68 (+3.10%)

, CXP

Columbia Property

$17.59 /

+0.28 (+1.62%)

, ESRT

Empire State Realty

$12.40 /

+0.4 (+3.33%)

, HHC

Howard Hughes

$103.43 /

+4.02 (+4.04%)

, SLG

SL Green Realty

$80.05 /

+2.985 (+3.87%)

, UNBLF

Unibail-Rodamco-Westfield

$95.99 /

+ (+0.00%)

Return of NYC In-Person…

Return of NYC In-Person Property Tour will be held in New York on June 21-22.

ShowHide Related Items >><<
SLG SL Green Realty
$80.05 /

+2.985 (+3.87%)

HHC Howard Hughes
$103.43 /

+4.02 (+4.04%)

ESRT Empire State Realty
$12.40 /

+0.4 (+3.33%)

CXP Columbia Property
$17.59 /

+0.28 (+1.62%)

CBRE CBRE Group
$89.06 /

+2.68 (+3.10%)

BXP Boston Properties
$119.59 /

+2.35 (+2.00%)

BPY Brookfield Property
$18.59 /

+0.165 (+0.90%)

BPY Brookfield Property
$18.59 /

+0.165 (+0.90%)

04/01/21 Evercore ISI
Brookfield Property downgraded to In Line from Outperform at Evercore ISI
03/30/21
Goldman Sachs Euro real estate analyst to hold analyst/industry conference call
02/04/21
Fly Intel: Top five analyst downgrades
BXP Boston Properties
$119.59 /

+2.35 (+2.00%)

06/17/21 Truist
Boston Properties price target raised to $130 from $109 at Truist
06/14/21 Wolfe Research
Boston Properties initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
Boston Properties upgraded to Overweight from Neutral at Piper Sandler
05/25/21 Goldman Sachs
Boston Properties assumed with a Sell at Goldman Sachs
CBRE CBRE Group
$89.06 /

+2.68 (+3.10%)

06/14/21 Wolfe Research
CBRE Group initiated with an Outperform at Wolfe Research
05/28/21 Piper Sandler
American Campus upgraded to Overweight from Neutral at Piper Sandler
02/26/21 JPMorgan
Jones Lang LaSalle price target raised to $200 from $176 at JPMorgan
01/25/21 Goldman Sachs
CBRE Group initiated with a Buy at Goldman Sachs
CXP Columbia Property
$17.59 /

+0.28 (+1.62%)

06/15/21 Truist
Columbia Property price target raised to $19 from $16 at Truist
06/14/21 Wolfe Research
Columbia Property initiated with a Peer Perform at Wolfe Research
04/29/21
Columbia Property sees FY21 normalized FFO $1.23-$1.30, consensus $1.32
04/12/21 BMO Capital
Columbia Property upgraded to Outperform from Market Perform at BMO Capital
ESRT Empire State Realty
$12.40 /

+0.4 (+3.33%)

06/14/21 Wolfe Research
Empire State Realty initiated with an Outperform at Wolfe Research
05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
HHC Howard Hughes
$103.43 /

+4.02 (+4.04%)

03/01/21 Piper Sandler
Howard Hughes price target raised to $115 from $100 at Piper Sandler
02/16/21 BWS Financial
Howard Hughes price target raised to $150 from $80 at BWS Financial
01/11/21 Piper Sandler
Howard Hughes price target raised to $100 from $90 at Piper Sandler
09/22/20 BWS Financial
Howard Hughes could evaluate options again after CEO exit, says BWS Financial
SLG SL Green Realty
$80.05 /

+2.985 (+3.87%)

06/14/21 Wolfe Research
SL Green Realty initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
SL Green Realty price target raised to $88 from $75 at Piper Sandler
05/25/21 Goldman Sachs
SL Green Realty assumed with a Buy at Goldman Sachs
04/19/21 Deutsche Bank
SL Green Realty price target raised to $66 from $63 at Deutsche Bank
UNBLF Unibail-Rodamco-Westfield
$95.99 /

+ (+0.00%)

06/01/21 Deutsche Bank
Unibail-Rodamco-Westfield price target raised to EUR 75 at Deutsche Bank
05/14/21 RBC Capital
Unibail-Rodamco-Westfield price target raised to EUR 75 at RBC Capital
03/24/21 JPMorgan
Unibail-Rodamco-Westfield downgraded to Underweight from Neutral at JPMorgan
SLG SL Green Realty
$80.05 /

+2.985 (+3.87%)

HHC Howard Hughes
$103.43 /

+4.02 (+4.04%)

ESRT Empire State Realty
$12.40 /

+0.4 (+3.33%)

CXP Columbia Property
$17.59 /

+0.28 (+1.62%)

CBRE CBRE Group
$89.06 /

+2.68 (+3.10%)

BXP Boston Properties
$119.59 /

+2.35 (+2.00%)

BPY Brookfield Property
$18.59 /

+0.165 (+0.90%)

SLG SL Green Realty
$80.05 /

+2.985 (+3.87%)

CXP Columbia Property
$17.59 /

+0.28 (+1.62%)

CBRE CBRE Group
$89.06 /

+2.68 (+3.10%)

HHC Howard Hughes
$103.43 /

+4.02 (+4.04%)

SLG SL Green Realty
$80.05 /

+2.985 (+3.87%)

CBRE CBRE Group
$89.06 /

+2.68 (+3.10%)

BPY Brookfield Property
$18.59 /

+0.165 (+0.90%)

Conference/Events
BMO Capital to hold a in-person property tour » 10:03
06/21/21
06/21
10:03
06/21/21
10:03
BPY

Brookfield Property

$18.45 /

+0.03 (+0.16%)

, BXP

Boston Properties

$118.79 /

+1.555 (+1.33%)

, CBRE

CBRE Group

$87.59 /

+1.21 (+1.40%)

, CXP

Columbia Property

$17.53 /

+0.22 (+1.27%)

, ESRT

Empire State Realty

$12.18 /

+0.185 (+1.54%)

, HHC

Howard Hughes

$100.77 /

+1.36 (+1.37%)

, SLG

SL Green Realty

$78.99 /

+1.93 (+2.50%)

, UNBLF

Unibail-Rodamco-Westfield

$95.99 /

+ (+0.00%)

Return of NYC In-Person…

Return of NYC In-Person Property Tour will be held in New York on June 21-22.

ShowHide Related Items >><<
SLG SL Green Realty
$78.99 /

+1.93 (+2.50%)

HHC Howard Hughes
$100.77 /

+1.36 (+1.37%)

ESRT Empire State Realty
$12.18 /

+0.185 (+1.54%)

CXP Columbia Property
$17.53 /

+0.22 (+1.27%)

CBRE CBRE Group
$87.59 /

+1.21 (+1.40%)

BXP Boston Properties
$118.79 /

+1.555 (+1.33%)

BPY Brookfield Property
$18.45 /

+0.03 (+0.16%)

BPY Brookfield Property
$18.45 /

+0.03 (+0.16%)

04/01/21 Evercore ISI
Brookfield Property downgraded to In Line from Outperform at Evercore ISI
03/30/21
Goldman Sachs Euro real estate analyst to hold analyst/industry conference call
02/04/21
Fly Intel: Top five analyst downgrades
BXP Boston Properties
$118.79 /

+1.555 (+1.33%)

06/17/21 Truist
Boston Properties price target raised to $130 from $109 at Truist
06/14/21 Wolfe Research
Boston Properties initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
Boston Properties upgraded to Overweight from Neutral at Piper Sandler
05/25/21 Goldman Sachs
Boston Properties assumed with a Sell at Goldman Sachs
CBRE CBRE Group
$87.59 /

+1.21 (+1.40%)

06/14/21 Wolfe Research
CBRE Group initiated with an Outperform at Wolfe Research
05/28/21 Piper Sandler
American Campus upgraded to Overweight from Neutral at Piper Sandler
02/26/21 JPMorgan
Jones Lang LaSalle price target raised to $200 from $176 at JPMorgan
01/25/21 Goldman Sachs
CBRE Group initiated with a Buy at Goldman Sachs
CXP Columbia Property
$17.53 /

+0.22 (+1.27%)

06/15/21 Truist
Columbia Property price target raised to $19 from $16 at Truist
06/14/21 Wolfe Research
Columbia Property initiated with a Peer Perform at Wolfe Research
04/29/21
Columbia Property sees FY21 normalized FFO $1.23-$1.30, consensus $1.32
04/12/21 BMO Capital
Columbia Property upgraded to Outperform from Market Perform at BMO Capital
ESRT Empire State Realty
$12.18 /

+0.185 (+1.54%)

06/14/21 Wolfe Research
Empire State Realty initiated with an Outperform at Wolfe Research
05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
HHC Howard Hughes
$100.77 /

+1.36 (+1.37%)

03/01/21 Piper Sandler
Howard Hughes price target raised to $115 from $100 at Piper Sandler
02/16/21 BWS Financial
Howard Hughes price target raised to $150 from $80 at BWS Financial
01/11/21 Piper Sandler
Howard Hughes price target raised to $100 from $90 at Piper Sandler
09/22/20 BWS Financial
Howard Hughes could evaluate options again after CEO exit, says BWS Financial
SLG SL Green Realty
$78.99 /

+1.93 (+2.50%)

06/14/21 Wolfe Research
SL Green Realty initiated with a Peer Perform at Wolfe Research
06/14/21 Piper Sandler
SL Green Realty price target raised to $88 from $75 at Piper Sandler
05/25/21 Goldman Sachs
SL Green Realty assumed with a Buy at Goldman Sachs
04/19/21 Deutsche Bank
SL Green Realty price target raised to $66 from $63 at Deutsche Bank
UNBLF Unibail-Rodamco-Westfield
$95.99 /

+ (+0.00%)

06/01/21 Deutsche Bank
Unibail-Rodamco-Westfield price target raised to EUR 75 at Deutsche Bank
05/14/21 RBC Capital
Unibail-Rodamco-Westfield price target raised to EUR 75 at RBC Capital
03/24/21 JPMorgan
Unibail-Rodamco-Westfield downgraded to Underweight from Neutral at JPMorgan
SLG SL Green Realty
$78.99 /

+1.93 (+2.50%)

HHC Howard Hughes
$100.77 /

+1.36 (+1.37%)

ESRT Empire State Realty
$12.18 /

+0.185 (+1.54%)

CXP Columbia Property
$17.53 /

+0.22 (+1.27%)

CBRE CBRE Group
$87.59 /

+1.21 (+1.40%)

BXP Boston Properties
$118.79 /

+1.555 (+1.33%)

BPY Brookfield Property
$18.45 /

+0.03 (+0.16%)

SLG SL Green Realty
$78.99 /

+1.93 (+2.50%)

CXP Columbia Property
$17.53 /

+0.22 (+1.27%)

CBRE CBRE Group
$87.59 /

+1.21 (+1.40%)

HHC Howard Hughes
$100.77 /

+1.36 (+1.37%)

SLG SL Green Realty
$78.99 /

+1.93 (+2.50%)

CBRE CBRE Group
$87.59 /

+1.21 (+1.40%)

BPY Brookfield Property
$18.45 /

+0.03 (+0.16%)

Hot Stocks
Empire State Realty-owned Empire State Building lifts COVID protocols » 18:40
06/16/21
06/16
18:40
06/16/21
18:40
ESRT

Empire State Realty

$12.40 /

-0.255 (-2.02%)

The company states:…

The company states: "The Empire State Building announced that it has lifted COVID-19 protocols for guests of its Observatory Experience, in alignment with new state and city guidelines. Masks are optional for visitors, and the many interactive exhibits and elements - including the iconic 86th Floor Observatory viewfinders - have fully reopened."

ShowHide Related Items >><<
ESRT Empire State Realty
$12.40 /

-0.255 (-2.02%)

ESRT Empire State Realty
$12.40 /

-0.255 (-2.02%)

06/14/21 Wolfe Research
Empire State Realty initiated with an Outperform at Wolfe Research
05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
ESRT Empire State Realty
$12.40 /

-0.255 (-2.02%)

Initiation
Empire State Realty initiated with an Outperform at Wolfe Research » 16:31
06/14/21
06/14
16:31
06/14/21
16:31
ESRT

Empire State Realty

$12.69 /

+0.005 (+0.04%)

Wolfe Research analyst…

Wolfe Research analyst Andrew Rosivach initiated coverage of Empire State Realty with an Outperform rating and $16 price target. The analyst believes the company's earnings growth will be meaningfully higher than the sector average.

ShowHide Related Items >><<
ESRT Empire State Realty
$12.69 /

+0.005 (+0.04%)

ESRT Empire State Realty
$12.69 /

+0.005 (+0.04%)

05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
01/12/21 Evercore ISI
Empire State Realty cut to Underperform in office REIT swap at Evercore ISI
ESRT Empire State Realty
$12.69 /

+0.005 (+0.04%)

Hot Stocks
Empire State Realty reinstates quarterly dividend of 3.5c per share » 08:44
05/17/21
05/17
08:44
05/17/21
08:44
ESRT

Empire State Realty

$11.50 /

+0.16 (+1.41%)

Empire State Realty has…

Empire State Realty has reinstated and declared a dividend of 3.5c per share for Q2, which equates to an annualized rate of 14c per share. This amount is payable to holders of the company's Class A common stock and Class B common stock and to holders of Empire State Realty OP Series ES, Series 250 and Series 60 operating partnership units and Series PR operating partnership units. The Board has declared a dividend of 15c per unit for Q2, payable to holders of Empire State Realty OP Series 2014 Private Perpetual Preferred Units and a dividend of 17.5c per unit for Q2 payable to holders of ESRO's Series 2019 Private Perpetual Preferred Units. The dividends will be payable in cash on June 30 to unitholders of record at the close of business on June 15.

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ESRT Empire State Realty
$11.50 /

+0.16 (+1.41%)

ESRT Empire State Realty
$11.50 /

+0.16 (+1.41%)

05/03/21 Evercore ISI
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
01/12/21 Evercore ISI
Empire State Realty cut to Underperform in office REIT swap at Evercore ISI
ESRT Empire State Realty
$11.50 /

+0.16 (+1.41%)

Upgrade
Empire State Realty upgraded to Outperform from Underperform at Evercore ISI » 06:58
05/03/21
05/03
06:58
05/03/21
06:58
ESRT

Empire State Realty

$11.36 /

-0.04 (-0.35%)

Evercore ISI analyst…

Evercore ISI analyst Steve Sakwa upgraded Empire State Realty Trust to Outperform from Underperform with a price target of $13, up from $12. Despite his overall "cautious outlook" on New York City leasing, Sakwa said he views Empire State as a "good NYC re-opening play." Following the company's Q1 report, he has adjusted his Observatory visitor numbers with the first half of FY21 lower, the second half higher and he now assumes FY23 being "a normalized year" at 2.9M visitors, versus 3.5M in FY19, Sakwa tells investors.

ShowHide Related Items >><<
ESRT Empire State Realty
$11.36 /

-0.04 (-0.35%)

ESRT Empire State Realty
$11.36 /

-0.04 (-0.35%)

03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
01/12/21 Evercore ISI
Empire State Realty cut to Underperform in office REIT swap at Evercore ISI
01/12/21 Evercore ISI
Empire State Realty downgraded to Underperform from In Line at Evercore ISI
ESRT Empire State Realty
$11.36 /

-0.04 (-0.35%)

Over a quarter ago
Downgrade
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo » 06:23
03/26/21
03/26
06:23
03/26/21
06:23
ESRT

Empire State Realty

$11.17 /

+0.145 (+1.32%)

Wells Fargo analyst…

Wells Fargo analyst Blaine Heck downgraded Empire State Realty to Underweight from Equal Weight with a price target of $10, down from $11. Empire State Realty has outperformed peers year-to-date and Heck believes that risk/reward now skews to the negative given what we think will be a tougher outlook for Class B office assets relative to Class A as part of an overall pressure on office fundamentals, an extended observatory recovery, and relative valuation which is no longer compelling, the analyst tells investors in a research note.

ShowHide Related Items >><<
ESRT Empire State Realty
$11.17 /

+0.145 (+1.32%)

ESRT Empire State Realty
$11.17 /

+0.145 (+1.32%)

03/26/21 Wells Fargo
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo
01/12/21 Evercore ISI
Empire State Realty cut to Underperform in office REIT swap at Evercore ISI
01/12/21 Evercore ISI
Empire State Realty downgraded to Underperform from In Line at Evercore ISI
12/15/20 Citi
Empire State Realty price target raised to $10.50 from $6.50 at Citi
ESRT Empire State Realty
$11.17 /

+0.145 (+1.32%)

Downgrade
Empire State Realty downgraded to Underweight from Equal Weight at Wells Fargo » 05:54
03/26/21
03/26
05:54
03/26/21
05:54
ESRT

Empire State Realty

$11.17 /

+0.145 (+1.32%)

Wells Fargo analyst…

Wells Fargo analyst Blaine Heck downgraded Empire State Realty to Underweight from Equal Weight with a price target of $10, down from $11.

ShowHide Related Items >><<
ESRT Empire State Realty
$11.17 /

+0.145 (+1.32%)

ESRT Empire State Realty
$11.17 /

+0.145 (+1.32%)

01/12/21 Evercore ISI
Empire State Realty cut to Underperform in office REIT swap at Evercore ISI
01/12/21 Evercore ISI
Empire State Realty downgraded to Underperform from In Line at Evercore ISI
12/15/20 Citi
Empire State Realty price target raised to $10.50 from $6.50 at Citi
12/03/20 BMO Capital
Empire State Realty upgraded to Outperform from Market Perform at BMO Capital
ESRT Empire State Realty
$11.17 /

+0.145 (+1.32%)

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