Published on 14 Apr 2024 on Simply Wall St. via Yahoo Finance
Empire State Realty Trust's (NYSE:ESRT) earnings growth rate lags the 55% return delivered to...
Empire State Realty Trust, Inc. (NYSE:ESRT) shareholders might be concerned after seeing the share price drop 10% in the last quarter. While that might be a setback, it doesn't negate the nice returns received over the last twelve months. After all, the share price is up a market-beating 53% in that time.
In light of the stock dropping 3.9% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive one-year return.