NYSE:ESRTOffice REITs
Empire State Realty Trust (ESRT): Valuation Check After $500m Buyback, Dividend Affirmation and Scholastic Building Deal
Empire State Realty Trust (ESRT) just rolled out a $500 million share repurchase plan alongside a steady fourth quarter dividend, while also moving to buy the Scholastic Building in SoHo. That combination deserves a closer look.
See our latest analysis for Empire State Realty Trust.
These moves come after a tough stretch, with a 90 day share price return of negative 10.9 percent and a one year total shareholder return of negative 37.2 percent. However, ESRT’s opportunistic buyback and SoHo...