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The latest announcement is out from Empire State Realty ( (ESRT) ).
On October 15, 2025, Empire State Realty Trust, Inc. and its subsidiary, Empire State Realty OP, L.P., entered into a Note Purchase Agreement for a private placement of $175 million in Series L Senior Notes due January 7, 2031. The sale is expected to fund on December 18, 2025, and the proceeds will be used to refinance existing debt and for general corporate purposes. The agreement includes financial covenants and customary conditions, and the notes will not be registered under the Securities Act of 1933.
The most recent analyst rating on (ESRT) stock is a Sell with a $8.30 price target. To see the full list of analyst forecasts on Empire State Realty stock, see the ESRT Stock Forecast page.
Spark’s Take on ESRT Stock
According to Spark, TipRanks’ AI Analyst, ESRT is a Neutral.
Empire State Realty’s overall stock score is driven by solid financial performance and efficient cash flow management, despite high leverage. Technical indicators suggest bearish momentum, and valuation metrics indicate the stock may be overvalued. The earnings call highlighted both strengths in leasing and sustainability, as well as challenges in Observatory performance and increased expenses.
To see Spark’s full report on ESRT stock, click here.
More about Empire State Realty
Average Trading Volume: 1,544,653
Technical Sentiment Signal: Sell
Current Market Cap: $1.26B
For a thorough assessment of ESRT stock, go to TipRanks’ Stock Analysis page.